Tag Archives: Uber

London taxi drivers plot to sue Uber for over $1.5 billion: Sky News
July 24, 2018 12:00 pm|Comments (0)

LONDON (Reuters) – London taxi drivers are drawing up a plan to sue mobile app Uber for over 1 billion pounds ($ 1.3 billion), Sky News reported on Tuesday citing unidentified sources, weeks after it was granted a temporary licence to operate in Britain’s capital.

FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes ride-hailing service, in Taipei, Taiwan April 13, 2017. REUTERS/Tyrone Siu/File Photo

Sky News said the Licensed Taxi Drivers’ Association (LTDA) was likely to argue that 25,000 black-cab drivers in London had suffered lost earnings averaging around 10,000 pounds for at least five years as a result of Uber’s failings, taking the overall possible bill to 1.25 billion pounds ($ 1.64 billion).

The report said it had engaged the law firm Mishcon de Reya to explore the options.

Uber won a probationary licence to operate in the city last month, after Transport for London (TfL) had refused to renew it last September for failings in its approach to reporting serious criminal offences and background checks on drivers.

The LTDA were not immediately available for comment. Uber declined to comment.

Reporting by Alistair Smout; editing by Kate Holton

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Meal delivery service DoorDash hires Uber finance head as CFO
July 19, 2018 6:58 pm|Comments (0)

SAN FRANCISCO (Reuters) – Meal delivery service DoorDash Inc has hired Uber Technologies Inc’s head of finance to be its chief financial officer, which could put the startup closer to an initial public offering and deals another executive loss to Uber.

Tony Xu, CEO and Co-founder of DoorDash, speaks at the TechCrunch Disrupt event in Brooklyn borough of New York, U.S., May 11, 2016. REUTERS/Brendan McDermid –

Before Uber, Prabir Adarkar, the new Doordash CFO, worked on deals at Goldman Sachs (GS.N), a bank that frequently leads IPOs for Silicon Valley technology companies.

Tony Xu, co-founder and chief executive officer of DoorDash, said on Thursday that he selected Adarkar for his “sharp mind” and leadership skills.

Adarkar had been head of strategic finance for Uber since 2015, and as the most senior finance executive lead a team of more than 500 employees. His departure leaves yet another vacancy for the ride-services company, which has been without a chief financial officer for three years.

In a statement, Uber CEO Dara Khosrowshahi praised Adarkar for “improving financial controls to putting the company on a path to profitability.”

At a technology conference in Aspen, Colorado, this week, Khosrowshahi also lamented that his company’s CFO search “is taking longer than I’d like.”

“We have terrific candidates,” Khosrowshahi said at the conference, adding that he’s looking for a CFO who will stay beyond Uber’s initial public offering, planned for next year.

Reporting by Heather Somerville; Editing by Leslie Adler and Jeffrey Benkoe

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Uber wins London license but with conditions
June 26, 2018 6:18 pm|Comments (0)

LONDON (Reuters) – Uber [UBER.UL] avoided a ban in London on Tuesday after the taxi-hailing app’s new management made changes to ease strained relations with the city’s transport regulator, but its new license will include strict conditions.

A photo illustration shows the Uber app and a bus in London, Britain, June 25, 2018. REUTERS/Henry Nicholls/Illustration

Uber overhauled its policies and personnel in Britain after Transport for London (TfL) refused to renew its license in September for failings in its approach to reporting serious criminal offences and background checks on drivers.

Judge Emma Arbuthnot said that while Uber had not been fit and proper when that decision was made, an overhaul of its policies in the subsequent months had changed its position.

“(Uber) has provided evidence that it is now a fit and proper person… I grant a license to ULL (Uber London Limited),” she said in her judgment.

The judge granted Uber a 15-month “probationary” license to operate.

With backers including Goldman Sachs (GS.N) and BlackRock (BLK.N) and valued at more than $ 70 billion, Uber has faced protests, bans and restrictions around the world as it challenges traditional taxi operators, angering some unions.

Uber, which has about 45,000 drivers in London, introduced several new initiatives in response to the ruling, including 24/7 telephone support and the proactive reporting of serious incidents to police. It has also changed senior management in Britain, its biggest European market.

The ruling has been a test of Uber’s new management at board level, with chief executive Dara Khosrowshahi, who took charge the month before TfL’s decision, pledging to “make things right” in London.

London Mayor Sadiq Khan was clear that the court ruling was no carte blanche for Uber in London.

“No matter how big or powerful you are, you must play by the rules – especially when it comes to the safety of Londoners,” he said in a tweet.

“Uber has been granted a 15-month license to operate in London – but with a clear set of conditions that TfL will closely monitor and enforce.”

The license conditions include giving TFL notice of what Uber is doing in areas that may be a cause of concern, reporting safety related complaints and having an independent assurance audit report every six months.

Reporting by Alistair Smout; Additional reporting by Costas Pitas; Editing by Alexander Smith, Mark Potter, Alexandra Hudson and Jane Merriman

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Uber chief product officer to leave in latest executive departure
May 18, 2018 6:00 am|Comments (0)

(Reuters) – Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year.

FILE PHOTO: The Uber logo is displayed on a screen during the Women In The World Summit in New York City, U.S., April 12, 2018. REUTERS/Brendan McDermid/File Photo

Holden oversaw Uber Elevate, the company’s flying car operation, which is now headed by Eric Allison, the spokesman said, but declined to elaborate on the reason for his departure.

New Chief Executive Officer Dara Khosrowshahi has been shaking up the company since taking over Last August aiming to improve Uber’s reputation after a string of scandals.

Uber, along with Lyft Inc, scrapped mandatory arbitration to settle sexual harassment or assault claims earlier this week, giving victims several options to pursue their claims including public lawsuits.

Uber also launched a new app for its drivers last month, in an effort to improve an often contentious relationship.

Uber’s chief legal officer, Salle Yoo, and head of external affairs Dave Clark left the company in September.

Uber is also searching for a chief financial officer who can help take the company public in 2019. The CFO position has been vacant since 2015.

The Wall Street Journal earlier reported that Holden, who was hired by former Uber Chief Executive Officer Travis Kalanick from Groupon Inc (GRPN.O), told colleagues that Thursday was his last day with the company.

Reporting by Kanishka Singh and Abinaya Vijayaraghavan in Bengaluru; Editing by Peter Cooney and Gopakumar Warrier

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U.S. court revives challenge to Seattle's Uber, Lyft driver union law
May 11, 2018 6:02 pm|Comments (0)

(Reuters) – A U.S. appeals court on Friday revived a business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc UBER.UL and Lyft to unionise.

A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. This logo has been updated and is no longer in use. REUTERS/Lucy Nicholson

The San Francisco-based 9th U.S. Circuit Court of Appeals said the city did not have the power to regulate payment arrangements between companies like Uber and Lyft and their drivers.

The litigation is unfolding amid a national debate over whether workers in the “gig economy” are independent contractors, who typically cannot form unions, or employees.

The U.S. Chamber of Commerce, which sued over the law last year and counts Uber and Lyft among its members, did not respond to a request for comment. Neither did a spokesman for the Seattle city attorney’s office.

Seattle’s law, passed in 2015, requires the city to select a union as the exclusive bargaining representative of the estimated 9,000 drivers in Seattle who work for Uber, Lyft and other services. The law was put on hold pending the outcome of the Chamber’s lawsuit.

The Chamber argued that by allowing drivers to bargain over their pay, which is based on fares received from passengers, the city would permit them to essentially fix prices in violation of federal antitrust law.

A federal judge in Seattle last year disagreed, saying the state of Washington had specifically authorized its cities to regulate the for-hire transportation industry.

But the 9th Circuit on Friday said state law allows the city to regulate rates that companies charge to passengers, but not the fees that drivers pay to companies like Uber or Lyft in exchange for ride referrals.

The court sent the case back to the judge in Seattle to reconsider the Chamber’s antitrust claim.

The city and supporters of the law, including labor unions, have said that allowing drivers to unionize would improve their working conditions, making ride-sharing services safer for passengers.

Lawyers for the city had told the 9th Circuit that in some cases, drivers were engaging in unsafe behavior such as driving on little or no sleep because they are not paid adequately.

Uber is appealing a state’s judge dismissal of a separate lawsuit the company filed challenging Seattle’s law. A third lawsuit by Uber drivers was dismissed last year.

The case is U.S. Chamber of Commerce v. City of Seattle, 9th U.S. Circuit Court of Appeals, No. 17-35640.

Reporting by Daniel Wiessner in Albany, New York; Editing by Alexia Garamfalvi and Phil Berlowitz

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Egypt passes law regulating Uber, Careem ride-sharing services
May 7, 2018 6:05 pm|Comments (0)

CAIRO (Reuters) – Egypt’s parliament passed a law on Monday regulating ride-sharing apps Uber and Careem, potentially ending a lawsuit that could shut them down in one of their biggest markets but imposing new fees and data sharing requirements.

FILE PHOTO: Employees work inside Uber’s Centre of Excellence office in Cairo, Egypt October 10, 2017. REUTERS/Amr Abdallah Dalsh/File Photo

Legalising the increasingly popular ride-sharing services became urgent in March when an Egyptian court ordered their suspension after a group of taxi drivers filed a suit, arguing they were illegally using private cars as taxis.

Another court last month stayed that ruling, allowing U.S.-based Uber and its Dubai-based competitor Careem to continue operating while the case is appealed. A higher court is expected to hear the appeal later this week.

Uber has faced regulatory and legal setbacks around the world amid opposition from traditional taxi services. It has been forced to quit several countries, such as Denmark and Hungary.

Uber has said Egypt is its largest market in the Middle East, with 157,000 drivers in 2017 and 4 million users since its launch there in 2014.

The new law stipulates that ride-sharing companies obtain five-year renewable licences for a fee of 30 million Egyptian pounds ($ 1.71 million) and that drivers pay annual fees to obtain special licences to work with the company.

“This is a major step forward for the ride-sharing industry as Egypt becomes one of the first countries in the Middle East to pass progressive regulations,” Uber said in a statement.

“We will continue working with the prime minister and the cabinet in the coming months as the law is finalised, and look forward to continuing to serve the millions of Egyptian riders and drivers that rely on Uber.”

The law also requires the companies to retain user data for 180 days and share it with authorities “on request” and “according to the law,” according to a copy of the law reviewed by Reuters.

An earlier draft of the bill had called for real-time data sharing by the companies, but that prompted some opposition in parliament due to privacy concerns.

The law must now be ratified by President Abdel Fattah al-Sisi.

Uber said last year it was committed to Egypt despite challenges presented by sweeping economic reforms and record inflation. In October, Uber announced a $ 20 million investment in its new support center in Cairo.

It has had to make deals with local car dealerships to provide its drivers with affordable vehicles and adjust its ride prices to ensure its workers were not hit too hard by inflation.

($ 1 = 17.5900 Egyptian pounds)

Reporting by Nashaat Hamdi, Mahmoud Mourad, and Eric Knecht; Editing by Mark Potter

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Uber hires former NTSB chair to advise on safety culture after fatal crash
May 7, 2018 6:01 pm|Comments (0)

(Reuters) – Uber Technologies Inc [UBER.UL] said Monday it has hired a former National Transportation Safety Board (NTSB) chairman to advise the company on its safety culture after a fatal self-driving crash in Arizona.

The Uber logo is displayed on a screen during the Women In The World Summit in New York City, U.S., April 12, 2018. REUTERS/Brendan McDermid

Online news outlet The Information reported Monday that Uber has determined the likely cause of the fatal collision was a problem with the software that decides how the car should react to objects it detects. The outlet said the car’s sensors detected the pedestrian but the software decided it did not need to react right away.

“We have initiated a top-to-bottom safety review of our self-driving vehicles program, and we have brought on former NTSB Chair Christopher Hart to advise us on our overall safety culture,” Uber said Monday. “Our review is looking at everything from the safety of our system to our training processes for vehicle operators, and we hope to have more to say soon.”

A 49-year-old woman was killed on March 18 after being hit by an Uber self-driving sports utility vehicle while walking across a street in Phoenix, leading the company to suspend testing of autonomous vehicles. Arizona’s governor also ordered a halt to Uber’s testing.

Uber declined to comment on the Information report. “We can’t comment on the specifics of the incident,” the company said, citing the ongoing NTSB investigation.

The National Highway Traffic Safety Administration is also investigating the incident.

Uber Chief Executive Dara Khosrowshahi said in April the ride-sharing company still believes in the prospects for autonomous transport. “Autonomous (vehicles) at maturity will be safer,” he said at a Washington event.

Reporting by David Shepardson; editing by Jonathan Oatis

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Uber CEO and transport boss had second meeting over London license battle
April 20, 2018 6:06 pm|Comments (0)

LONDON (Reuters) – London’s Transport Commissioner Mike Brown met Uber [UBER.UL]boss Dara Khosrowshahi in January, a freedom of information request revealed, as the Silicon Valley app fights to keep its cars on the streets of its most important European market.

FILE PHOTO – Dara Khosrowshahi, Chief Executive Officer of Uber Technologies, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS/Denis Balibouse/File Picture

Uber is battling a decision by the city’s transport regulator last September to strip it of its license after it was deemed unfit to run a taxi service, a ruling Uber is appealing.

Since then Uber has made a series of changes to its business model, responding to requests from regulators, including the introduction of 24/7 telephone support and the proactive reporting of serious incidents to London’s police.

Khosrowshahi flew to London in October for discussions with Brown after which Uber promised to make things right in the British capital city.

The pair had a second meeting in London in January, according to a response to a freedom of information request from Reuters.

“The Commissioner met with Dara Khosrowshahi on 3 October 2017 and 15 January 2018, both meetings took place in London,” Transport for London (TfL) said.

A TfL spokesman declined to provide an immediate comment on what was discussed at the meeting. Uber declined to comment.

Reuters had asked for a list of every meeting which had taken place between Uber and TfL’s private hire team and/or Brown since Sept. 22 but TfL declined to release such details.

“We are not obliged to supply the remainder of the information requested in relation to meetings as it … relates to information where disclosure would be likely to prejudice the exercise by any public authority of its functions ..,” it said.

A court hearing over Uber’s appeal is due this month before the substance of the appeal is heard in June.

Reporting by Costas Pitas; editing by Stephen Addison

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Uber picks VMware's Zane Rowe as CFO: Bloomberg
April 19, 2018 6:00 am|Comments (0)

(Reuters) – Uber Technologies Inc [UBER.UL] has picked VMware Inc’s (VMW.N) Zane Rowe as the top candidate for chief financial officer to lead preparations for the ride-hailing company’s initial public offering in 2019, Bloomberg reported on Wednesday.

The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme

The Silicon Valley startup is in advanced talks with Rowe, who is currently CFO at VMware, Bloomberg reported, citing people familiar with the matter.

An agreement has not been finalized yet and talks could still fall through, Bloomberg said citing one of the sources.

Uber’s board of directors has agreed to take the company public in 2019 and is searching for a chief financial officer to lead this effort. The position has been vacant since 2015.

VMware declined to comment. Uber was not immediately available for comment outside regular U.S. business hours.

Reporting by Subrat Patnaik in Bengaluru; Editing by Sunil Nair

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Uber still believes autonomous vehicles have a future, says CEO
April 11, 2018 6:10 pm|Comments (0)

WASHINGTON (Reuters) – Uber Chief Executive Dara Khosrowshahi said on Wednesday that the ride-sharing company still believes in the prospects for autonomous transport after one of its self-driving vehicles was involved in a fatal crash in Arizona last month.

FILE PHOTO – Dara Khosrowshahi, Chief Executive Officer of Uber Technologies, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS/Denis Balibouse/File Picture

A 49-year-old woman was killed after being hit by an Uber self-driving sports utility vehicle while walking across a street in Phoenix, leading the company to suspend testing of autonomous vehicles.

Khosrowshahi declined to say when the company might resume testing or what might have gone wrong. He said the company was cooperating with federal investigators and dealing with the incident “very seriously.”

The accident has raised questions about the lack of clear safety standards for such vehicles.

But, speaking at a transport forum, Khosrowshahi said Uber was still betting on the technology in the long-term.

“We believe in it,” he said, adding that Uber considered autonomous vehicles “part of the solution” and in the long-term key to eliminating individual car ownership.

“Autonomous (vehicles) at maturity will be safer,” he said.

The company’s interest in investing in bike sharing and public transit should not be interpreted as a move away from self-driving cars, he added.

The U.S. National Highway Traffic Safety Administration and the National Transportation Safety Board (NTSB) are investigating the incident.

“They are a neutral party,” said Khosrowshahi. “They understand this.”

“We’ll figure out what we do afterwards.”

Arizona’s governor suspended Uber’s ability to test self-driving cars on public roads in the state following the crash. Arizona had been a key hub for Uber’s autonomous project, with about half of the company’s 200 self-driving cars and a staff of hundreds.

Governor Doug Ducey last month called a video of the incident “disturbing and alarming” and the crash “an unquestionable failure.”

NTSB chairman Robert Sumwalt on Tuesday told Reuters he had no update on the investigation.

Reporting by David Shepardson; Editing by Susan Thomas and Rosalba O’Brien

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