Viewing posts from January, 2018
It seems as though Travis Kalanick has been quiet lately in the tech world after the latest data breach scandal where Kalanick was held partially responsible. Last week, TechCrunch reported that the former CEO plans to sell almost 29% of his shares in Uber, worth about $1.4 billion, to Softbank.
Kalanick sits on the board of Uber and currently owns 10 percent of the company. He had offered to sell as much as half of his stake, but the number was brought down due to the limits outlined by the buyer-seller agreement.
Previously Kalanick stated he would never sell his …
On Tuesday, Uber announced its latest change, long distance pick up fees. Yes, this means Uber will now charge passengers an extra fee when it takes a driver around eight minutes or more to come pick them up.
The new fee was released under Uber's "180 Days of Change" program in an attempt to give Uber drivers more driving incentives.
This extra fee will effect those living out of the city in less populated areas where drivers are more spread out. While it may frustrate suburban riders that an extra fee will be tacked onto their Uber …
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