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Crunch Report | GoPro Cuts 200-300 Jobs

App revenue reached $60 billion in 2017, Travis Kalanick is selling 29 percent of his Uber shares and GoPro cuts 200-300 jobs. All this on Crunch Report. Read More

Crunch Report | South Korea Announces New Cryptocurrency Regulations

South Korea announces new cryptocurrency regulations coinciding with the drop in bitcoin prices, YouTube gets pulled from Fire TV and SoftBank will now own about 15 percent of Uber. All this on Crunch Report. Read More

Uber accused of espionage, bribery and hacking by former employee

 The $1.86 billion legal battle between ride-hailing giant Uber and Alphabet’s self-driving unit Waymo reached a pivotal moment today as the judge in the case released a damning letter based on the account of a former Uber employee. The letter alleges that a special division within Uber was responsible for acts of corporate espionage, the theft of trade secrets, the bribery of foreign… Read More

Shervin Pishevar responds to allegations of sexual misconduct, calling it a “smear campaign”

 Early yesterday evening, a story broke on Bloomberg alleging Uber investor and Hyperloop One co-founder Shervin Pishevar had used his position of power to make unwanted sexual advances to at least five women. Pishevar, through his lawyer, now says these allegations are part of a “smear campaign” against him.
The allegations are egregious. One woman who spoke to Bloomberg alleged… Read More

Uber’s new Asia chief wants to work with governments and taxi firms not against them

 New CEO Dara Khosrowshahi has been vocal in pledging to reform Uber’s toxic culture to take the business to the next level — and ultimately an IPO — but, over in Asia, another recent arrival is presiding over a revamped approach which includes turning those who were once enemies into friends. Brooks Entwistle, a former Chairman of Goldman Sachs Southeast Asia, joined… Read More

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Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

 Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too.
That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants for the first time today.
Grab is present in seven markets across… Read More

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Uber’s Asian rival Grab loses its head of engineering

 Grab may be in the process of raising a huge $2.5 billion investment round, with SoftBank, Didi and Toyota confirmed as participants, but Uber’s Southeast Asia-based rival has lost its head of engineering.
Arul Kumaravel, VP of engineering at Grab, has left the company for person reasons, according to a source. It’s not yet clear what his next plan is. Grab confirmed the… Read More

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Uber forced to raise prices by up to 80% in Hong Kong

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If you’re going to be hailing an Uber in Hong Kong — expect to pay a lot more, starting today.

The ride hailing giant has hiked its minimum fare in the territory by as much as 80 percent, a decision that came after an “evaluation of the marketplace.”

Uber announced that the price hike starting Monday would affect UberX, UberBlack and UberAssist services.

The company will also be introducing an additional booking fee of $0.64 (HK$5).

For UberX for example, the minimum fare from Kowloon to the New Territories would be raised from $3.20 (HK$25) to $5.11 (HK$40) — with the booking fee charge, that’s $5.75 (HK$45). Read more…

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Former GE CEO Jeff Immelt close to becoming Uber’s CEO

 The long and dramatic process for naming a new Uber CEO may be coming closer to an end.
First reported by Kara Swisher, our sources are also telling us that former General Electric CEO Jeff Immelt is still being seriously considered and the board vote is expected to happen soon. The talks were first reported several weeks ago.
Co-founder and CEO Travis Kalanick was asked to resign in June… Read More

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Uber suspends its service in the Philippines following ban over unregistered drivers

 Uber has suspended its services in Philippines after the national regulator banned it from operating for one month. The country’s Land Transportation Franchising and Regulatory Board (LTFRB) ordered a cease and desist against the U.S. ride-hailing firm on Monday over its apparent flouting of a ban on new drivers. The company initially lodged an appeal and continued with its service,… Read More

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Uber investor Shervin Pishevar petitions Benchmark to step down from board and sell some of its stock

 Shortly after a group of Uber shareholders asked Benchmark to relinquish its spot on Uber’s board of directors, Sherpa Capital’s Shervin Pishevar is petitioning Benchmark via Change.org to remove itself from Uber’s board. The petition also asks Benchmark to sell at least 75 percent of its stock so that the firm no longer has rights to appoint members to Uber’s board… Read More

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Travis Kalanick reportedly sought to reassert control at Uber after ouster

 Just under two months after resigning from Uber, former CEO Travis Kalanick has reportedly asked some former colleagues if they would support him in a potential shareholder battle, according to a new report by The Information. You’ll periodically find these kinds of proxy fights happening at public companies, but after his ouster, it appears that Kalanick still may want to try to gain… Read More

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Ride-hailing giant Didi finally offers an English language option for foreigners in China

 There’s good news for foreigners living in, or visiting, China after Didi Chuxing — the local ride-sharing leader — added support for English language and overseas credit cards to its service for the first time.
Didi, which processes more 20 million rides a day across its various services, has always been a tricky one for non-Mandarin speakers and visitors. Personally… Read More

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Crunch Report | Rumors: Amazon’s New Echo Device

The U.S. Department of Justice has opened an investigation into Uber’s use of Greyballing, we get the first look at the rumored Amazon Echo device and Facebook shuts down its VR filmmaking division. All this on Crunch Report. Read More

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U.S. Department of Justice is reportedly investigating Uber’s controversial ‘Greyball’ program

 It looks like there’s more trouble round the corner for Uber. Reuters is reporting that the U.S. Department of Justice has opened a criminal investigation into the company’s controversial “greyball program” which helped it sidestep law enforcement officials and regulators. The existence of the program was made public in early March following an explosive report from The… Read More

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Nutonomy teams up with Peugeot-maker Groupe PSA for self-driving car tests in Singapore

 Nutonomy, the self-driving car startup that span out of MIT in 2013, has inked a deal that will see it work with Peugeot-maker Groupe PSA to test autonomous vehicles in Singapore. Nutonomy is more than familiar with Singapore: it has a relationship with local Uber rival Grab and the Singapore Economic Development Board was an investor in its recent $16 million fundraising. This new tie-in… Read More

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ChargePoint is ready for flying EVs

ChargePoint and Uber Elevate Yesterday I wrote about a poll conducted by researchers at the University of Michigan that found people were interested in flying cars if they were autonomous, shared, and electric. As soon as I posted that, I found an email in my inbox saying that ChargePoint and Uber Elevate, among others at the recent conference on flying vehicles, had partnered to prepare for just that exact… Read More

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Lazada, Uber and Netflix team up ahead of Amazon’s expected entry into Southeast Asia

 Amazon isn’t in Southeast Asia yet — the e-commerce giant pushed back plans to enter early this year — but that isn’t stopping future rival Lazada teaming up with a range of companies to offer an Amazon Prime-style membership package in advance of the U.S. e-commerce giant’s arrival. Lazada, the e-commerce firm that is majority owned by China’s Alibaba,… Read More

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Uber returns to Taiwan after partnering with licensed rental car companies

 Finally some good news for Uber: it will resume its ride-hailing service in Taiwan today, two months after suspending operations following a long-running battle with the country’s government. To avoid running afoul of local regulations again, Uber will partner with licensed rental car companies. Read More

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In Portland, Uber launches initiative to add electric vehicles to its fleet

Honda Fit EV in Portland With a new electric vehicle initiative, Uber is finally speaking Portland’s language. The company shares a rocky history with the famously green city, but that won’t stop Portland from becoming the first U.S. market where Uber will push a set benchmarks for electrifying its fleet. For the Portland version of Uber Electric, a program that the company rolled out… Read More

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Uber’s first diversity report is not the worst thing ever

 Uber just released its highly-anticipated, first-ever diversity report detailing the demographics of its employees as of this month. The TL;DR is that Uber, like many other tech companies, is predominantly white and male. What surprised me, though, is that Uber fares slightly better than Facebook and Apple when it comes to female representation. Uber also has pretty solid representation of… Read More

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Tourist-friendly Indonesian city bans all ride-sharing services, including Uber

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Ride-hailing services might soon be a thing of the past in one Indonesian city.

Tourist-friendly Yogyakarta said all ride-hailing services including Uber, Grab, Go-Jek and Go-Car would soon be banned across the city.

The ban is expected to kick in as soon as this week.

“The regulation is being processed and will be done within a week. We will take action in accordance with the regulation,” Yogyakarta Transportation Agency (Kopetayo) Head Gatot Saptadi told the Jakarta Globe on Friday.

The announcement comes following a riot in Yogyakarta earlier last month, with some 300 taxi drivers calling for the ride-sharing apps to be banned. Read more…

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Uber rival Grab expands its engineering team with new offices in India and Vietnam

 Grab, the main rival to Uber in Southeast Asia, is expanding its engineering footprint after announcing new development centers in India and Vietnam.
The company last month announced plans to open an engineering center in Jakarta, Indonesia, so the addition of bases in Bangalore, India and Ho Chi Minh City, Vietnam, will take it to six R&D locations worldwide. The others are Singapore… Read More

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Uber says it’s reviewing use of ‘Greyball’ and won’t use it to monitor regulators

 Uber’s chief security officer Joe Sullivan posted an update Wednesday about the company’s use of “Greyball,” providing some details about use of the software tool, which was revealed in a New York Times report last week. Greyball was part of a program Uber designed to help it identify users who violate the terms of service of its app, preventing them from securing… Read More

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Researcher finds bug that allowed free Uber rides

Photo: Richard Boll/Photographer's Choice/Getty Images Uber has patched a bug in its code that allowed a researcher — and anyone else who might’ve discovered the problem — to hail Uber rides without paying for them.
Anand Prakash, a security researcher, discovered the bug in August and received permission from Uber to test it in the U.S. and India. He was able to successfully exploit the bug, getting free rides in… Read More

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Uber uses data-mining to identify and block riders who may be cops, investigators or regulators

Greyball is Uber’s codename for a program that tries to predict which new signups are secretly cops, regulators or investigators who could make trouble for the company, deployed in “Boston, Paris and Las Vegas, and in countries like Australia, China and South Korea” where the company was fighting with the authorities.
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Crunch Report | NBCUniversal Invests $500 Million in Snap

NBCUniversal invests $500 million in Snap, Jeff Bezos has plans for a Moon expedition, Uber plans to turn its app into a content marketplace and more Uber troubles. All this on Crunch Report. Read More

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Uber’s VP of product and growth has left the company

BEIJING, CHINA - 2016/10/08: UBER art station in Beijing CBD.  There are 8 UBER art stations in Beijing, each with a sculpture made by some of China's promising modern designers, provided especially for the carpooling riders and drivers to gather and find each other easily. (Photo by Zhang Peng/LightRocket via Getty Images) Ed Baker, Uber’s VP of product and growth, has resigned from Uber, Recode first reported. Uber declined to comment on the story but TechCrunch has confirmed that Baker has left the company, and that Daniel Graf, Uber’s head of marketplace, will be the interim head of product and marketplace. “I have always wanted to apply my experience in technology and growth to the… Read More

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Uber plans to turn its app into a ‘content marketplace’ during rides

uber-exper Uber can’t seem to avoid headlines for the wrong reasons right now, as it gets slammed for its toxic work culture, its connections to a polarizing U.S. President, and its CEO’s attitude to Uber drivers. 
But despite all that, the transportation company — currently valued as high as $68 billion — continues to grow and is expanding its business into ever more areas. Read More

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Uber loses legal challenge against English tests for London drivers

LONDON, ENGLAND - AUGUST 03:  The Uber app logo is displayed on an iPhone on August 3, 2016 in London, England.  (Photo by Carl Court/Getty Images) The bad news just keeps piling up for Uber. The ride-hailing giant has lost a court battle against London’s transport regulators which have been seeking to raise the level of English spoken by private hire vehicles on safety grounds, requiring that all drivers pass an English proficiency test this year. Read More

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Crunch Report | YouTube TV Is Live

An in-depth review of the highly anticipated Nintendo Switch, YouTube launches YouTube TV, Uber’s CEO apologizes for being mean to a driver and Craig Newmark donates $1 million to ProPublica. All this on Crunch Report. Read More

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Lyft seeks $6 billion valuation in funding round

lyft-sign Lyft is out pitching to investors while competitor Uber surrounds itself in controversy. The Wall Street Journal first reported that they are chatting about a $500 million round. We’re hearing that they are targeting a roughly $6 billion valuation, slightly above the $5.5 billion they were valued at in their last private round. The timing makes sense given the failed sale process last… Read More

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China’s newest source of on-demand hype, rental bicycles, gets its first unicorn

A bike sprocket cut out of titanium There can be no hype without a unicorn. China’s newest startup money pit — bicycle rentals on-demand — now has its first billion-dollar valued company.
The industry has sucked in more than $300 million from investors this year alone — that’s counting just one company — and now Ofo has become the first in the space to reach the much-coveted $1 billion… Read More

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Uber employees are chatting with each other about Uber’s leadership on anonymous workplace app Blind

the_new_uber_app_04b Uber employees have flocked to an anonymous workplace app called Blind as a sort of catharsis since ex-Uber engineer Susan Fowler Rigetti posted about being propositioned and discriminated against while working for the company, according to Blind’s founder Alex Shin.
Rigetti’s explosive post went viral late Sunday night, leading to more than double an increase of Uber employees… Read More

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Everything we know so far about Uber’s sexual harassment scandal

uber-everywhere Former Uber engineer Susan Fowler Rigetti’s story of sexual harassment and HR complicity at the company has drawn a lot of attention from the outside world as many relate to her frustrations and the broader systemic culture of sexism that manifests itself across the tech industry. In the days since Rigetti published her account, decisions have been made both inside and outside of… Read More

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Crunch Report | Tesla and Rollercoasters

Waymo is suing Otto and Uber for allegedly stealing its trade secrets, Layer gets more funding and acquires Cola, a major Cloudflare bug leaked sensitive data from customers’ websites and Elon Musk addresses unionization concerns at Tesla. All this on Crunch Report. Read More

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How to secure your data after the Cloudflare leak

securityhall Cloudflare revealed yesterday that a bug in its code caused sensitive data to leak from some of the major websites that use its performance enhancement and security services. Uber, Fitbit, OkCupid and 1Password are among Cloudflare’s millions of clients, and it’s possible that personal data such as passwords and cookies leaked from many client websites during the five months… Read More

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After sexual harassment account, Uber exposé shows aggressive, unrestrained work culture

After a former Uber engineer detailed her account of sexual harassment while working there for about a year, New York Times reporter Mike Isaac dug into the story and got the goods. His exposé describes an amoral Ayn Randian meritocracy filled with aggressive jerks, in which one could absolutely imagine impunity for sexual harassment being an accepted norm.

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Uber’s Travis Kalanick details independent investigation regarding sexual harassment

Uber CEO Travis Kalanick Attends The Third Netease Future Technology Conference Uber CEO Travis Kalanick sent a memo to employees today following allegations of sexual harassment from former Uber engineer Susan Fowler. In the memo, obtained by TechCrunch, Kalanick said the company has tapped former US Attorney General Eric Holder and Tammy Albarran, partners at law firm Covington & Burling, to independently investigate the workplace issues Fowler spoke about in her… Read More

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Former Uber engineer says company ignored repeated reports of sexual harassment

FILE - In this Dec. 16, 2015 file photo a man leaves the headquarters of Uber in San Francisco. Uber and advocates for the blind have reached a lawsuit settlement in which the ride-hailing company agrees to require that existing and new drivers confirm they understand their legal obligations to transport riders with guide dogs or other service animals. The National Federation of the Blind said Saturday, April 30, 2016, that Uber will also remove a driver from the platform after a single complaint if it determines the driver knowingly denied a person with a disability a ride because the person was traveling with a service animal. (AP Photo/Eric Risberg, File) Susan Fowler, a former site reliability engineer for Uber and current engineer at Stripe, accused the company of rampant sexual harassment and human resources negligence in a blog post published today.  It’s the latest in a series of events that point to serious questions about Uber’s company culture. Fowler claims that on her first day out of training, she was solicited for sex… Read More

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Former Uber engineer alleges sexist abuse in workplace, CEO Travis Kalanick responds

Updated with response from Uber CEO Travis Kalanick, below.

Susan Fowler Rigetti, a former engineer at Uber, describes in a blog post her experience in a workplace where sexual harassment takes place with impunity, and people who are abused at work are further abused by the organization for which they work.

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Ford invests $1 billion in Pittsburgh-based Argo AI to build self-driving cars by 2021

City traffic at night Ford has invested $1 billion in a joint venture with Argo AI, a Pittsburgh-based company with ties to Carnegie Mellon. The goal is to completely outfit Ford vehicles with self-driving technology. Interestingly this isn’t a case of a large company simply hiring talent but the creation of an entirely separate company with an independent equity structure.
Ford is the “majority… Read More

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Uber begins mapping Asia’s roads, starting off in Singapore

FILE - In this Dec. 16, 2015 file photo a man leaves the headquarters of Uber in San Francisco. Uber and advocates for the blind have reached a lawsuit settlement in which the ride-hailing company agrees to require that existing and new drivers confirm they understand their legal obligations to transport riders with guide dogs or other service animals. The National Federation of the Blind said Saturday, April 30, 2016, that Uber will also remove a driver from the platform after a single complaint if it determines the driver knowingly denied a person with a disability a ride because the person was traveling with a service animal. (AP Photo/Eric Risberg, File) Uber is beginning to map roads in Asia for the first time as it aims to improve its service in the region. The company said today that it has deployed mapping cars in Singapore, the first such country in Asia, in a bid to gather information that can improve its service for both drivers and passengers. It isn’t immediately clear when the initiative will be expanded and which countries in… Read More

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Uber rolls out cab rental feature, UberHIRE, for the first time

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Uber, in a first-of-its-kind innovation, now allows users in India to rent a cab for half a day without any surge pricing. 

After successfully piloting the service, UberHIRE, in the southern city of Kochi, the company has now made it operational in eight more Indian cities — New Delhi, Bangalore, Chennai, Mumbai, Pune, Ahmedabad, Vizag and Nagpur.

The service is evidently Uber’s answer to its rapidly-growing Indian rival Ola’s rental service, Ola Rental, that launched last year.

The minimum fare on UberHIRE would be Rs 449-649 ($7- $10) depending on the city for two hours and up to 30 kilometers (18.6 miles). And beyond that, riders would be charged at Rs 2 per minute and Rs 12 (17 cents) per kilometer, said Uber in a statement.  Read more…

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Crunch Report | Tech’s Rough Day on Wall Street

Travis Kalanick quits the Trump advisory board, Domino’s updates its Facebook Messenger bot in time for the Super Bowl, GoPro and Amazon have a rough day on Wall Street and Medium plans to monetize. All this on Crunch Report. Read More

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Crunch Report | Snap files publicly for its massive IPO

Snap files publicly for its massive IPO, Uber will pause its service in Taiwan starting February 12th, Pokémon GO crosses $1 billion in revenue, Facebook lets you search images by content and Licking County government gets its offices shut down by ransomware. All this on Crunch Report! Read More

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