uber’s head of finance is leaving

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uber’s head of finance, gautam gupta, is leaving the company in july, the wall street journal reports. techcrunch has since confirmed this news with uber. gupta’s plan is to join another san francisco-based startup as coo, but it’s not clear what that startup is. news of his impending departure comes as uber has reported losses of $708 million.in q1, uber’s revenue was $3.4 billion, an 18% increase from its last quarter. uber suffered losses of $708 million, not including employee stock compensation “other items,” the wsj reports. in the three months prior, uber’s losses were $991 million, which means that its losses are narrowing. uber has $7.2 billion in cash on hand, according to the report. uber’s gross bookings are also up nine percent.“these results demonstrate that...

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uber’s head of finance, gautam gupta, is leaving the company in july, the wall street journal reports. techcrunch has since confirmed this news with uber. gupta’s plan is to join another san francisco-based startup as coo, but it’s not clear what that startup is. news of his impending departure comes as uber has reported losses of $708 million.in q1, uber’s revenue was $3.4 billion, an 18 percent increase from its last quarter. uber suffered losses of $708 million, not including employee stock compensation “other items,” the wsj reports. in the three months prior, uber’s losses were $991 million, which means that its losses are narrowing. uber has $7.2 billion in cash on hand, according to the report. uber’s gross bookings are also up 9 percent.“these results demonstrate ...

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uber technologies inc [uber.ul] said its head of finance is leaving, and the privately held ride-hailing company also said that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability.head of finance gautam gupta is leaving in july to join another startup in san francisco, the company said, making gupta the latest high-profile executive to leave uber.uber, which has been rocked by several high-level executive departures in the past few months as it grapples with a series of controversies, has been looking for a chief operating officer to help change its now-notorious “bro” culture.gupta’s exit sets the stage for a second major executive search, now for a chief financial officer who has public company experience.about a dozen top...

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uber technologies inc. said its head of finance is leaving as the ride-hailing company reported continued big losses despite increasing revenue, adding to an exodus of top officials and setting the stage for a second major executive search.the ride-hailing company on wednesday told the wall street journal that first-quarter revenue was $3.4 billion, up 18% from the fourth quarter. its loss, excluding employee stock compensation and......

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the head of uber technologies inc's self-driving vehicles unit, anthony levandowski, will step aside from some of his duties until a lawsuit against uber in which he is accused of stealing trade secrets is resolved, uber said on thursday.levandowski said he was not leaving uber but would not participate in any of uber's work on lidar, according to an internal email to his employees first reported by business insider, which posted a copy of the email on its website. uber confirmed the contents of the email to reuters but declined to comment further.lidar is a technology critical to autonomous vehicles and at the heart of the lawsuit filed by alphabet inc's waymo against uber. waymo is levandowski's former employer.according to the email, he will continue working on other parts of the self-d...

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another high-up person at uber has left the company. jim callaghan, uber’s general counsel for europe, the middle east and africa, recently stepped down, recode reports.his departure, which an uber spokesperson told techcrunch is due to personal reasons, is the latest in a series of departures at uber this year. in the last few months, uber has also lost its vp of global vehicle programs, head of comms, president, head of ai labs, vp of growth and svp of engineering.callaghan’s departure comes a couple of days after uber decided to promote salle yoo from general counsel to chief legal officer. uber is actively looking for a new general counsel, who will report to yoo once they come on board.i’ve reached out to uber and will update this story if i hear back.featured image: visual...

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uber is in the midst of severallawsuits and has a controversial ceo leading the company. it also has to placate its own growing horde of dissatisfied drivers who complain that their revenue potential is dropping, even while uber exaggerates how much its drivers earn. bloomberg reports that uber may have yet another problem on its hands with its new "upfront pricing" fees. the feature, introduced last year, allows uber to charge some passengers more for their rides. the problem is that uber hasn't changed the way it pays its drivers; they're still generating money the same basic way, based on time, distance and mileage.accusations that upfront pricing benefits uber rather than drivers are nothing new. blogger christian perea at the rideshare guy complained that uber was secretly overchargin...

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detroit — a federal judge has ordered uber to stop using technology that a key executive downloaded before he left waymo, the alphabet inc. autonomous car arm that was spun off from google.the order filed monday in a trade secrets theft lawsuit also forces uber to return all downloaded materials.judge william alsup in san francisco says in the ruling that waymo has shown compelling evidence that a former star engineer named anthony levandowski downloaded confidential files before leaving waymo. the judge also says evidence shows that before he left waymo, levandowski and uber planned for uber to acquire a company formed by levandowski.the ruling prevents uber from using the technology on a navigational tool called lidar that robotic cars need to see what's around them....

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uber's race to develop fleets of self-driving cars and big rigs has hit another speed bump: yesterday, the head of its autonomous vehicle program stepped down from his post in the wake of a complicated lawsuit. the move isn't especially surprising. a recapfor nearly nine years, anthony levandowksi was a software engineer at google, where he played a key role in the company's self-driving car program (now known as waymo). he left his post in january 2016 and launched otto, a company devoted to developing autonomous 18-wheelers. a few months later, in august 2016, otto was acquired by uber, and levandowski was tapped to lead uber's self-driving car program.such fast-paced transitions aren't unusual among tech companies, which are always trying to poach top engineering talent. what is unus...

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free price quote from a local dealerview special offersno obligation, fast & simple free new car quotechange cara federal judge ruled that uber must return stolen confidential files to waymo by the end of the month, reports reuters. the move signals a major victory for waymo, which claims that uber stole its trade secrets related to self-driving cars.according to u.s. district judge william alsup, waymo showed “compelling evidence” that its former engineer, anthony levandowski, downloaded confidential documents from waymo computers before leaving the company and eventually working for uber. the judge argued that uber either knew, or should have known, that levandowki took potentially sensitive files and that some of the trade secrets were used for uber’s own development efforts. now,...

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uber technologies has fired anthony levandowski, a high-profile engineer who had led the ride-hailing company's foray into self-driving cars.google parent alphabet (googl) in february filed a lawsuit against uber that claims the company and levandowski, who once helped lead the internet giant's own autonomous vehicle program, had colluded in stealing trade secrets. uber denies the allegations.an uber spokesperson said tuesday that levandowski, formerly head of the company's advanced technologies group, was dismissed because he failed to meet a deadline related to an internal investigation into the case. a federal court has ordered uber to return documents alphabet accuses him of stealing.playvideocbs this morningcriminal probe into uber for use of software to evade authorities the ride-ha...

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uber technologies inc. said tuesday it fired anthony levandowski, the driverless-car executive at the center of its legal battle with google parent alphabet inc., making good on its threat to dismiss him if he didn’t cooperate with court orders.alphabet has accused uber of conspiring with mr. levandowski to steal its trade secrets while mr. levandowski helped lead alphabet’s driverless-car program. he joined uber as the head of its......

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san francisco (reuters) - uber technologies inc said on tuesday it fired the technology whiz it had hired to lead its self-driving unit, anthony levandowski, after he failed to comply with a court order to hand over documents at the center of a legal dispute between uber and alphabet inc’s waymo unit.uber had hoped levandowski, one the most respected self-driving engineers in silicon valley, would help the ride services company catch up to rivals including waymo, in the race for self-driving technology. instead the hiring led to a court fight and the threat of criminal charges. uber replaced him as the head of its self-driving car unit in april before finally making the decision to fire him.levandowski formerly worked for alphabet’s waymo self-driving division, which says he stole trad...

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uber technologies inc said on tuesday it fired the technology whiz it had hired to lead its self-driving unit, anthony levandowski, after he failed to comply with a court order to hand over documents at the centre of a legal dispute between uber and alphabet inc's waymo unit. uber had hoped levandowski, one the most respected self-driving engineers in silicon valley, would help the ride services company catch up to rivals including waymo, in the race for self-driving technology. instead the hiring led to a court fight and the threat of criminal charges. uber replaced him as the head of its self-driving car unit in april before finally making the decision to fire him. levandowski formerly worked for alphabet's waymo self-driving division, which says he stole trade secrets by downloading mor...

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(reuters) — uber has threatened to fire an engineer accused by alphabet’s self-driving waymo unit of stealing confidential documents in a high profile trade secrets case between the two companies, according to a court filing.waymo sued ride services company uber technologies alleging that former waymo executive anthony levandowski downloaded over 14,000 confidential documents before leaving waymo to subsequently join uber.the case, which pits two companies battling to dominate the fast-growing field of self-driving cars, hinges on waymo allegations that the information levandowski took made its way into uber’s lidar system, a key sensor technology in self-driving cars.u.s. district judge william alsup in san francisco last week issued an injunction ordering uber to keep levandowski a...

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(reuters) — uber has threatened to fire an engineer accused by alphabet’s self-driving waymo unit of stealing confidential documents in a high profile trade secrets case between the two companies, according to a court filing.waymo sued ride services company uber technologies alleging that former waymo executive anthony levandowski downloaded over 14,000 confidential documents before leaving waymo to subsequently join uber.the case, which pits two companies battling to dominate the fast-growing field of self-driving cars, hinges on waymo allegations that the information levandowski took made its way into uber’s lidar system, a key sensor technology in self-driving cars.u.s. district judge william alsup in san francisco last week issued an injunction ordering uber to keep levandowski a...

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given the endless series of dumpster fires that have engulfed uber since late last year, this week wasn't so bad. of course, that's not saying much. and in fact, two of the week's major headlines suggest that uber could face far worse trials in the near future. here's a quick good news/bad news breakdown.good news: uber's self-driving cars remain on the road uber surprised everyone back in august when the company announced that it was launching a fleet of self-driving cars in pittsburgh, pennsylvania. a few months later, uber did the same thing in california, but the state dmv quickly ran the pilot program off the road. given the stats on uber's autonomous vehicle software and an accident that involved one of ubers self-driving vehicles in arizona, some folks were happy to see the dmv sl...

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london isn't totally sold on uber. the city's transportation authority, transport for london, renewed uber's license friday — but only for four months. uber's current 5-year license, which it won in 2012, expires may 30. uber wants another five-year agreement — not a measly four-month extension. and uber's opponents aren't thrilled about the short-term approval either. “uber has still not answered questions that tfl asked months ago. we say they are either safe to licence or they’re not. you can’t be a little bit pregnant. we think that tfl’s reason for this temporary licence is unlawful. this is totally unprecedented," steve mcnamara, general secretary of london's licensed taxi drivers' association, told the guardian. uber has been fighting with london for a while. the ri...

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i travel back home about three or four times a year, and every time i go back, i have to bug one of my friends to send me his address. i always forget to write it down, so whenever i’m getting ready to jump in an uber to head to his place, i send him a text and he reluctantly types it out for me once again. but with the new saved places feature in the uber app, i no longer have an excuse for not remembering.don't miss:leak points to june release for apple’s completely redesigned ipad prostarting today, uber app users on ios and android can bookmark destinations from within the app and choose them from a list whenever they call a ride. the app has always allowed users to store a couple of locations (home and work), but you can now expand that list to as many places as you want.in orde...

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uber hasn’t had a particularly good string of luck so far in 2017. between its ceo’s very public gaffes to widespread allegations of favoritism and sexism in its ranks, the company could use a break sooner rather than later. this week, the company admitted that it has been ripping off its drivers in new york city to the tune of millions of dollars due to what it claims is an inadvertent calculation error that went undetected for over two and a half years. that’s probably not going to help the company image.don't miss:somehow, everyone walked away from this massive tesla crashinitially reported by the wall street journal, uber explained how the massive miscalculation happened. when the company calculates the share to take from driver fares, it does so using the post-tax amount, so bot...

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(image: uber) uber on thursday launched uber freight, its app to connect truck drivers with available shipments for long-haul commercial trucking jobs. the uber freight app looks similar to the consumer version of uber, allowing truck drivers to tap a button and book loads near them they'd like to haul. uber claims this allows truck drivers to skip brokers and sort through jobs quicker. the app shows independent owner-operators pricing for loads upfront. the app is available for ios and android and can be used by drivers vetted by uber. the company says it will pay drivers within seven days and loads will be available to pickup instantly -- no more waiting around. if uber fails to issue a payment within seven days it will provide "accessorial" charges. "we fundamentally believe that by foc...

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in july 2015, uber ceo travis kalanick allegedly announced that he'd buy every self-driving car tesla could build. according to a new book, however, when kalanick rang up tesla ceo elon musk last year to discuss partnering on autonomous vehicles, musk shot down kalanick's offer.the book in question is wild ride: inside uber's quest for world domination by adam lashinsky. in it, lashinsky quotes kalanick's description of that ill-fated call to musk. to hear uber's head honcho tell it, musk gave kalanick the run-around, urging him to "stick to what [uber does] best".musk's hesitation--combined with word-of-mouth reports that tesla was working aggressively on self-driving vehicles--made it clear to kalanick that tesla was aiming to be uber's competitor, not its ally.a few days later, musk ...

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file photo the judge overseeing a court case levied against uber by waymo over the alleged theft of trade secrets has recommended that federal prosecutors also investigate the matter. google spin-off waymo has accused uber of accessing and utilizing the firm's self-driving technology for their own ends. waymo claims in the lawsuit, issued in february, that a former employee now working under uber stole roughly 14,000 confidential files when he moved companies. anthony levandowski, a former waymo executive, allegedly downloaded the documents to kick-start his own business, 280 systems, which later became otto. uber then acquired his company for $680 million, installing levandowski as the head of the self-driving research arm. the stolen information reportedly includes the details of waymo's...

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the judge overseeing a court case levied against uber by waymo over the alleged theft of trade secrets has recommended that federal prosecutors also investigate the matter. google spin-off waymo has accused uber of accessing and utilizing the firm's self-driving technology for its own ends. waymo claims in the lawsuit, issued in february, that a former employee now working under uber stole roughly 14,000 confidential files when he moved companies. anthony levandowski, a former waymo executive, allegedly downloaded the documents to kick-start his own business, 280 systems, which later became otto. uber then acquired his company for $680 million, installing levandowski as the head of the self-driving research arm. the stolen information reportedly includes the details of waymo's proprietary ...

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somehow the news reports on friday were not a surprise even as they made things look worse for uber than they already did. according to new reports from the reuters news service, a federal grand jury in california has subpoenaed records and other information from uber in connection with the greyball software controversy that has shaken the company since early march.greyball was software that uber used to ferret out regulators who might be trying to carry out stings on uber drivers in locations where uber was either illegal or hadn’t been authorized to operate. the software tracked the locations of requests, even bank accounts and social media postings as a way to see who might be a regulator or a member of law enforcement and then load a fake app that kept them from getting rides.perhaps...

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the value of finance deals used to buy new cars has soared to a new monthly record, according to latest figures.motorists spent £3.6bn on car finance deals in march, a rise of 13% on the same month in 2016, the finance and leasing association (fla) said.the vast majority of the purchases were via so-called personal contract purchases (pcps).the bank of england and the financial conduct authority (fca) have raised concerns about such deals.the bank's worry is in relation to levels of consumer borrowing.however adrian dally, head of motor finance at the fla, said lenders were behaving responsibly."we do not share their concerns," he told the bbc. "lending is responsible. this is a sustainable model going forwards."both new and used cars can be bought on pcps, under which buyers effectively ...

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a judge has ruled in the matter of a preliminary injunction related to uber’s use of autonomous tech, finding that google employee and otto founder anthony levandowski can no longer work on any projects that involve lidar technology. uber, however, can continue its autonomous driving development work in general, and had already voluntarily removed levandowski from his role at the head of the uber advanced technologies group (atg) and taken him off all lidar-related projects, but the judge’s legal ruling is obviously a stronger measure than just a voluntary distancing.uber faced a preliminary injunction ordered by judge william alsup in the ongoing legal saga between the two companies. waymo alleges that uber exec and otto co-founder anthony levandowski downloaded tens of thousands of ...

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tusk ventures has hailed the former general manager of uber’s new york operations, josh mohrer, as its new managing director.mohrer’s departure comes at a tough time for uber. the company is still recovering from a series of very public missteps involving payments to drivers, sexual harassment, potential intellectual property theft, bad executive behavior, and the deployment of software that allowed it to elude law enforcement.mohrer, the manager of the company’s operations in the new york tri-state area who has been with uber for the past five years, said that he had no involvement in any of uber’s recent troubles.“things have been going on at uber always,” mohrer said. “whatever mistakes were made, uber is well on the way to fixing them.”delving back into uber’s histo...

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uber technologies inc. expects to conclude a report soon on claims of sexual harassment and sexism that it hopes will close a damaging chapter in its history. but it also could bring even greater scrutiny for the troubled ride-hailing company. the report—expected next week—will be the culmination of an investigation triggered in february when former software engineer susan fowler rigetti claimed in a nearly 3,000-word blog post that......

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two preeminent silicon valley tech titans may be headed for an all-out brawl in court. waymo — the self-driving car company owned by google’s parent company, alphabet inc. — will now have its case against digital ride-hailing giant uber move to open court. and the case involves accusations of stolen trade secrets.at the center of it is anthony levandowski, a former engineer for waymo, who left the company in early 2016 and had his self-driving truck startup, otto, bought by uber for $680 million in august of the same year. he now leads uber’s self-driving car efforts. waymo claims that levandowski “leveraged stolen information” by downloading thousands of documents before leaving the company. even juicier, waymo’s lawyer charles verhoeven has argued that levandowski was ac...

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image copyrightafpimage caption uber has provoked protests from established taxi drivers in many nations uber is a transport firm that requires a licence to operate, a senior member of european union's top court has said.the decision is a set-back for uber, which had argued it only provided technology to help drivers find passengers. if the ruling is enforced across europe, it might mean uber has to operate under the same conditions and safety rules as established taxi firms.uber said the decision did little to change the way it was regulated.reform neededmaciej szpunar, advocate general at the court of justice of the european union, made the decision while considering a case brought by an association of taxi drivers from barcelona. they said uber was competing unfairly in the city by usin...

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san francisco — now that uber has thoroughly disrupted the taxi industry, changing transportation as we know it, the ride-hailing startup has its eyes on a something much bigger — massive, 18-wheeler semi trucks.the san francisco-based company on thursday launched uber freight, a new standalone app that allows truck drivers and trucking companies to search for and book trips with the same ease that commuters, bar hoppers and weekend travelers have been booking uber cars for years. by matching truckers directly with shipments awaiting delivery, uber aims to eliminate the hassle of the traditional system, where drivers negotiate shipments over the phone with third-party brokers.“we truly believe we can make a difference in our drivers’ lives,” said uber freight product manager er...

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3:55 pm pt -- hansen tells us, "i am terribly sorry for my behavior and am very embarrassed by it. i owe a bunch of people apologies, first and foremost to our uber driver, who was just trying to get us home safely. i hope i can make that apology in person. i have no excuse, and accept responsibility for my actions. i made a boneheaded move last night, and i am sorry.""deadliest catch" captain sig hansen's been hauled off to the brig and is facing charges of assault and property destruction after a spat with an uber driver ... tmz has learned.hansen got into it with the driver early thursday morning in the seattle area. according to the police report ... the app canceled his ride, even though sig was already in the car with his family. the hansens say they offered to pay the driver $100 to...

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may 24, 2017, 4:29 pm|uber has recently admitted to underpaying its nyc drivers. author adam lashinsky's new book, "wild ride," takes a closer look at uber. he joins cbsn to discuss the company's greatest strengths and latest controversies....

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uber's self-driving program will live to drive another day.a federal judge on monday said that uber will be allowed to go forward with its self-driving car program even as it faces another obstacle in its ongoing lawsuit with google over self-driving technology.see also: lyft teams with google's waymo for self-driving carsit's not all good news for uber. a federal judge has granted an injunction that blocks its self-driving chief anthony levandowski from working on the company's self-driving project due to the ongoing lawsuit. google (through its self-driving car company waymo) is suing uber alleging that a former google engineer took trade secrets with him when he want to help start uber's self-driving car program.the ruling could have been much worse for uber. as part of the injunction, ...

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