It is the 21st of November 2019

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Uber Admits It Hid Massive Cyberattack For Over A Year, Paid Hackers To Keep Quiet

Just when you thought Uber had hit rock-bottom and was on its way back up...

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This $586.56 San Francisco Lawsuit Could Destroy The Entire 'Gig Economy'

When Raef Lawson filed his $586.56 lawsuit in San Francisco he probably didn't realize he could potentially end up disrupting the entire 'gig economy' that subsidizes a plethora of Silicon Valley tech giants from Uber to DoorDash, but that could very well end up being the outcome. 

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Benchmark Sues Travis Kalanick For Fraud, Breach Of Contract And "Gross Mismanagement"

The life of embattaled Uber ex-CEO Travis Kalanick just went from bad to worse, when on Thursday afternoon venture capital firm Benchmark Capital, one of the early investors in Uber - perhaps sensing that instead of an IPO, Uber's next valuation will be a 40% down round - just sued Kalanick for fraud, breaches of fiduciary duty, and breaches of contractual obligations in Delaware Chancery Court. If the lawsuit is successful, it is likely that the now former CEO will also be kicked off the board of the company that he launched.

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"This Is A Cash-Burning Machine" - Uber Opens Up Its Books, Shows Staggering Losses

Amid a sudden and seemingly endless stream of public relations disasters (senior execs leaving, sexual harrassment scandals, uncomfortable video clips, self-driving car fiascos, secret software programs, and mishandled DUIs), Uber opened up its books to Bloomberg, prompting one analyst to exclaim "this is a cash-burniung machine."

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Uber President Quits After Allegedly Deciding Series Of Scandals Were Just Too Much

Jeff Jones, the former Target CMO who joined Uber less than a year ago as President of Silicon Valley's priciest 'decacorn', is leaving the company, according to Recode.  Jones is reportedly exiting as the company deals with a flurry of recent controversies, including allegations of sexual harassment and an embarrassing video that surfaced last month of Uber CEO Travis Kalanick berating an Uber driver.  Kalanick also recently announced a search for a COO to help him better steer the ship, though it's unclear whether the layering of the executive management team affected Jones' decision to leave.  Per Recode:

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Uber Used "Secret" Greyball Tool To Deceive Authorities

In the latest public relations fiasco to hit Unicorn champion Uber (the company remains the most valuable private company in the world at a valuation of $68 billion), just days after it emerged that the company was allegedly engaged in sexual harassment according to a disgruntled employee, and shortly after a video leaked showing Uber CEO having a meltdown while being driven in one of his own vehicles, the NYT reports, citing current and former employees, that Uber has for years engaged in a program to deceive authorities in markets where its service was being resisted or banned by law enforcement.

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