It's been seven months since Travis Kalanick gave up the helm of Uber, but what did those last days or weeks look like for the disgraced CEO? Brad Stone, Senior Executive Editor for Technology at Bloomberg News and Author of "The Upstarts" joins The Hive to discuss the strange world of Travis Kalanick.
Stone describes an insider's account of when Kalanick was shown the video of himself yelling at an Uber driver. The source said Kalanick rolled around on the floor muttering "This is bad." Stone also explores what took the board so long to realize that Kalanick was the company's main problem.
So is Kalanick fiercely loyal or unbelievably stubborn? Why did it take so long for him to relinquish control? Stone says what he was most surprised about was Kalanick's decision-making towards the end of his time at Uber. The first few years were filled with good decisions that forced the company to expand. However, at the end, Kalanick's decision-making took a turn and was ultimetly his demise.
These are the headlines you Need 2 Know for Monday, March 9, 2020.
These are the headlines you Need 2 Know for Friday, March 6, 2020.
Stocks are falling in midday trading on Wall Street, erasing 2 percent from major indexes, a day after they surged 4 percent as the mood swings back to fear about economic fallout from the virus outbreak.
The so-called Ultium battery and the company's modular vehicle platform form the backbone of a range of new EV offerings from GM brands.
The company known for home thermostats said it will release "the most powerful quantum computer yet" within the next three months.
Twitter is starting to test tweets that disappear after 24 hours.
On Wednesday, GM unveiled clay-and-plastic mockups of the hotly anticipated Hummer EV SUV and "SUT" — the latter a "sport-utility truck" featuring a pickup truck bed and drop-top roof.
Monday’s outage began around 9:30 a.m. EST, and Robinhood restored service at about 11:00 that night, causing a storm of customer outrage on social media.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
As COVID-19 rocked the world and the U.S. markets, the bitcoin price trended right alongside them, appearing more like a risk asset than the safe-haven asset so many crypto enthusiasts hope it can be.
