Uber CEO Dara Khosrowshahi has said that he’ll pull out of a conference in Saudi Arabia called the Future Investment Initiative. The conference, known informally as Davos in the Desert, has become a focal point for people upset about the October 2 disappearance of Washington Post journalist Jamal Khashoggi, believed to have been murdered in the Saudi consulate in Turkey at the behest of the Saudi government.
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Ride-hailing giant Uber is planning to merge with its competition in the Middle East, though unlike prior deals in Southeast Asia, China and Russia, it says it will remain in control of the merged entity.
When he took over the company in August of last year, Dara Khosrowshahi was tasked with rehabilitating the fratboy image of Uber - a company where harassment was rampant, and internal memos had to advise employees how not to have sex with their coworkers. But based on a leaked memo, less than a year into the new CEO's tenure, Khosrowshahi has been giving "the D" to staffers in meetings.
Among Uber's many troubles, passenger safety has been a persistent concern. In a new effort to curb sexual assault and other forms of violence perpetrated by drivers, Uber is adding new safety features to every U.S. rider's app, including an "emergency button" that will call 911. In a few test cities, the button will even share your location directly with a 911 dispatcher.
Uber CEO Dara Khosrowshahi says that the company plans to put self-driving cars back on the road "within the next few months". The transportation company suspended tests in March after one of its vehicles struck and killed a pedestrian in Arizona. The incident is believed to be the first human death from an autonomous car.
It's hard to overstate the pulpy absurdity of Uber's 2017. It started with sexual harassment claims, accelerated with verbal barbs, and ended with an unmasked nest of spies. Still facing terrible press, a "bro culture" image and a US federal investigation, CEO Dara Khosrowshahi told the World Economic Forum in Switzerland Wednesday that the leaks were "incredibly positive" for the company because of the "cultural change" they caused.
Uber revealed last month that it paid a hacker $US100,000 ($131,857) to keep quiet about the fact that he stole personal data on 57 million users. Now, details about the hacker's identity are starting to come out - he is a 20-year-old from Florida who lives with his mother and wanted to help pay the bills, Reuters reports.
Earlier this week, Uber dropped a bombshell by disclosing details of a data breach involving some 57 million user accounts - and then admitting to paying the hackers $US100,000 ($131,170) to destroy the stolen data and keep their mouths shut. Disturbingly, this all happened over a year ago, and as it now turns out, Uber's new CEO, Dara Khosrowshahi, has known about the hacks since he took the helm back in September.
When Dara Khosrowshahi took over the role of Uber CEO from company founder Travis Kalanick, no one thought it was going to be an easy transition. In just over a month, the new CEO has had to deal with numerous major crises left in the wake of Kalanick's tenure. Now even more trouble is rocking the company and the board is set to vote on limiting Kalanick's influence.
Uber held an all-hands meeting today to welcome its new CEO, Dara Khosrowshahi. The new hire was joined by board member Arianna Huffington and former CEO Travis Kalanick in what was mostly a drama-free induction of the new leader to the company -- a company that Khosrowshahi claims he will take public in as few as 18 months.
Uber had an eventful weekend. When Jeff Immelt, former CEO of GE, pulled out of the running for the position of new CEO at the ride sharing startup, it looked like it would be back to the drawing board for the company's directors. But within a matter of hours, Dara Khosrowshahi, head of Expedia, pulled off a last minute victory in the contentious battle to run Silicon Valley's most troubled company.