Uber Technologies Inc
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Uber nears investment deal for self-driving car unit: WSJ
•Uber Technologies Inc's self-driving car unit could be valued at $7.25 billion.
Ride-hailing firm Lyft Inc files for IPO with U.S. Securities and Exchange Commission
•Lyft Inc was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering in a confidential filing with the SEC.
Sachin Bansal may pick up stake in Ola through secondary transactions, to raise a fund with corpus of $700 mn-$1 bn
Fp Staff •Ola has raised $50 million from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF)
Uber executive Liane Hornsey resigns following allegations of racial discrimination made by anonymous group
•The allegations against Hornsey and Uber’s human resources department more broadly were made by an anonymous group that claims to be Uber employees of color.
Uber data breach: Here's everything you need to know and the probable government responses
•Now that secret decision could come to haunt Uber. State and national governments around the world are investigating whether the company violated laws requiring the disclosure of major breaches to customers and legal authorities.
Travis Kalanick has appointed two new directors on Uber's board, pre-empting move by new CEO to restructure board
•Kalanick’s move on Friday sought to pre-empt a move by new Chief Executive Dara Khosrowshahi to restructure the board and gain greater control
Uber's new CEO emphasises on rebuilding its workculture and may conduct an IPO in 18 to 36 months
•Dara Khosrowshahi, who led travel-booking site Expedia Inc for 12 years, made the remarks as he introduced himself to Uber’s workforce.
Philippines will lift suspension on Uber if the ride-hailing service pays a hefty penalty of $3.7 million
•Uber, which said it did not process those applications, later told the LTFRB it could pay a fine of 10 million pesos to get the suspension lifted.
Benchmark Capital claims it gave Uber and Travis Kalanick a month to review recommendations
•Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week
Tesla wants to test prototypes of electric self driving semi-trucks that can move in platoons
•Musk has said that potential customers are eager to get a Tesla electric long-haul truck, but he faces doubt that the company can deliver.