Eric Newcomer
Stories by Eric Newcomer
Uber will continue to incur Amazon-style losses to fuel lofty goals, says CEO
Uber reported a loss of $4.5 billion for 2017 on $7.5 billion in net revenue.
Uber agrees to pay Waymo $245m equity to settle driverless car suit
Waymo was seeking as much as $1.86 billion in damages and a court order barring Uber from using the technology in dispute.
Uber’s Kalanick mulls sale of 29% of his stake in ride-hailing giant
One of the wealthiest people in the world on paper, Kalanick would become an actual billionaire for the first time as a result of the sale.
Didi buys Brazil’s ride-hailing app 99, to take on Uber in Latin America
Didi led a $100 million investment in 99 Taxis a year ago. “Globalization is a top strategic priority for DiDi," Cheng Wei, Didi CEO, said in a stat
Uber investors agree to sell stock in $9b SoftBank-led deal
The investor group which also includes Dragoneer Investment, TPG, Tencent Holdings and Sequoia Capital will own 17.5 percent of the startup.
Uber-SoftBank deal may smooth road ahead for scarred ride-hailing startup
The deal will bring new cash to Uber, prevent arch U.S. rival Lyft Inc. from dealing with SoftBank, appease some early, antsy backers and pacify a pre
SoftBank is said to seek Uber shares at $48b valuation
This deal would value the ride-hailing company at 30 percent less than its most recent $69 billion valuation. If shareholders don’t agree to sell in
Uber approves SoftBank’s investment offer, paves way for largest startup deal
SoftBank, others invest up to $1B, followed by offer to buy up to $9B in shares from existing investors.
Airbnb’s former China head is said to have violated company code
Airbnb had searched unsuccessfully since 2015 to recruit a business chief for China.
Just months into the job, Airbnb China chief heads for the exit
Departure reflects the struggle Airbnb faces in China.
