Uber settles sexual harassment lawsuit for $4.4m
The US Equal Employment Opportunity Commission's two year long investigation into Uber's company culture found that the company allowed a culture of sexual harassment to prevail and targeted victims of alleged harassment who would come forward. Uber has agreed to pay 4.4 million USD in fines to settle the dispute.
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Former Uber security chief faces criminal charges for hiding 2016 breach
Federal prosecutors have charged former Uber security chief Joe Sullivan with obstruction of justice for hiding a 2016 data breach from Federal Trade Commission investigators. The criminal complaint, filed Thursday, suggests that Uber's then-CEO Travis Kalanick was aware of the breach and Sullivan's efforts to cover it up. But it argues that Sullivan kept others involved in Uber's FTC response in the dark about the incident.
uber privacy security data-breach joe-sullivan
Arstechnica
Uber’s attempt to buy Grubhub facing challenges
According to the reports, Uber's attempt to build the largest meal delivery company in the US by buying its rival Grubhub has immediately come under fire from lawmakers, city officials, and antitrust experts. Uber and Grubhub, currently the second and third-largest US meal delivery companies by market share behind DoorDash, are in talks over a tie-up as the coronavirus crisis accelerates consumer demand for delivery services.
uber attempt meal grubhub
Arstechnica
A record 3.3 million US citizens applied for unemployment benefits last week
Weekly US jobless claims reached a record high of 3.28 million today after many US states imposed lockdown. The numbers reflect the economic impact of the Coronavirus. The pace of layoffs in the country is accelerating as the revenue has collapsed at restaurants, hotels, movie theaters, gyms, airlines, and the Auto industry. Last week only 282,000 citizens applied for the unemployment, this huge spike shows the magnitude of COVID19 outbreak
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ABCnews
Uber stock goes up as the company gets closer to becoming profitable
Uber's stock rose after its latest earnings report showed that the company had lost much less money than expected. This is a sign that the company is much closer to its profitability goal than expected. It was previously thought that Uber would only become profitable by 2021. This growth is thanks to its global expansion.
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CNBC