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.
Sen. Josh Hawley’s bill to hold major tech companies responsible for content published on their platforms is finding no love. The legislation, which is aimed to punishing tech companies for their supposed censorship of conservative voices, is being criticized by free speech advocates for potentially increasing censorship and by politicians from both sides of the aisle who view the bill as gross example of government overreach.
These are the headlines you Need 2 Know for Thursday, June 20, 2019.
Slack made its market debut Thursday with shares trading at $38.50, way up from the $26 a piece reference price set by the New York Stock Exchange. The opening price gives the workplace message platform a valuation of over $23 billion.
These are the headlines you Need 2 Know for Wednesday, June 19, 2019.
Facebook announced a new financial system that will be based on a digital token called Libra managed by an independent non-profit consortium, which is currently comprised of companies like Uber, Spotify, Visa, and MasterCard.
These are the headlines you Need 2 Know for Tuesday, June 18, 2019.
Sotheby's, one of the world's oldest auction houses, is being acquired by Patrick Drahi, the founder and controlling shareholder of European telecom giant Altice, in a $3.7 billion deal, the company announced Monday.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
A Toronto-based investment fund manager called 3iQ is working to overturn the rejection of its proposed Bitcoin Fund by the Ontario Securities Commission, saying that it is withholding opportunities from Canadian investors and holding back advancements in fintech. FredPye, President and CEO of 3iQ joined Cheddar to discuss the battle.
During its Elevate conference this week Uber sought to sell its vision for aerial logistics. Cheddar's Hope King was there.
