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Business News > Mint Authors > Eric Newcomer

Eric Newcomer

ARTICLES BY ERIC NEWCOMER

This file photo combo of images shows a Google sign and the Facebook app. (AP)

Google, Facebook at center of rising political-ad tensions

4 min read . 21 Nov 2019

Amazon is a humongous corporation. Training lots of people costs a great deal of money. (Bloomberg)

Amazon’s $700 million training pledge is actually a bargain

2 min read . 15 Jul 2019

Uber is now the largest food delivery business in the world, said Dara Khosrowshahi. Photo: Reuters

Uber to offer food delivery by drone in under 30 minutes

2 min read . 10 May 2018

Uber chief Dara Khosrowshahi has been pushing to clean up the company’s financials in preparations for an initial public offering next year. Photo: Pradeep Gaur/Mint

Uber is said to reach agreement on Southeast Asian sale to Grab

1 min read . 25 Mar 2018

Travis Kalanick sold $1.4 billion worth of Uber shares as part of SoftBank Group’s investment in the ride-hailing company in January. Photo: Reuters

Travis Kalanick buys real estate company, takes CEO reins

1 min read . 21 Mar 2018

A car passes the location where a woman pedestrian was struck and killed by an Uber self-driving sport utility vehicle in Tempe, Arizona on Monday. Photo: Reuters

Uber CEO’s commitment to self driving cars is tested by fatality

2 min read . 20 Mar 2018

Under a scenario being considered, Uber’s stake in Grab is likely to be in the high teens or 20%. Photo: Bloomberg

SoftBank-backed Grab close to buying Uber’s South-east Asia business

1 min read . 09 Mar 2018

Judged by sales-to-market value—one way to decide whether a company has already become expensive relative to its peers—Uber’s valuation is 7.3 times annual revenue. Photo: Hemant Mishra/Mint

Uber spent $10.7 billion in 9 years—here’s how that stacks up

4 min read . 06 Mar 2018

Uber is looking to partner with autonomous-vehicle companies, CEO Dara Khosrowshahi said, adding that the company is prepared to slowly integrate autonomous vehicles in its network filled with human drivers. Photo: AP

Uber CEO predicts Amazon-style losses to fuel lofty goals

2 min read . 15 Feb 2018

Travis Kalanick was pressured to resign last year after Uber became mired in legal woes and a raft of government investigations into how it does business. Photo: Bloomberg

Uber co-founder Travis Kalanick is said to plan sale of 29% of stake

1 min read . 05 Jan 2018

The deal announced Thursday will bring new cash to Uber, prevent arch US rival Lyft Inc. from dealing with SoftBank, appease some early, antsy backers and pacify a previously warring management team and board. Photo: AP

Uber’s SoftBank deal may smoothen road ahead for scarred startup

3 min read . 29 Dec 2017

San Francisco-based Uber Technologies reported financials to shareholders as part of a formal bid Tuesday night from a SoftBank Group-led consortium looking to buy a large block of stock. Photo: AP

Uber’s losses widen as SoftBank launches bid to buy shares

2 min read . 29 Nov 2017

If it is successful, the SoftBank-led coalition would buy at least 14% of the shares from existing Uber investors. Photo: Reuters

SoftBank is said to seek Uber stock at $48 billion valuation

2 min read . 28 Nov 2017

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world. Photo: Reuters

Uber concealed hack that exposed 57 million people’s data

5 min read . 22 Nov 2017

The SoftBank deal also includes Uber governance changes. Photo: Reuters

Uber approves SoftBank multibillion-dollar investment offer

3 min read . 13 Nov 2017

From Uber’s inception, the ridehailing app drew the ire of officials. Photo: Reuters (Reuters)

Uber pushed the limits of the law, now comes the reckoning

14 min read . 11 Oct 2017

The SoftBank deal isn’t yet finalized, but the approval of Uber’s board represents a major step. Photo: AFP (AFP)

Uber will proceed with SoftBank deal, limit Travis Kalanick’s power

3 min read . 04 Oct 2017

The nominations of former Merrill Lynch CEO John Thain and former Xerox CEO Ursula Burns came as Uber’s board considers a slate of changes that would strip former CEO Travis Kalanick of much of his power. Photo: Reuters

Uber board is said to consider votes to cut former CEO Travis Kalanick’s power

4 min read . 02 Oct 2017

Former Uber CEO Travis Kalanick said in an announcement that he had appointed Ursula Burns, Xerox’s former CEO, and John Thain on the company board. Photo: Reuters

Former Uber CEO Travis Kalanick named 2 directors without consulting board

2 min read . 30 Sept 2017

VC firm Benchmark, which led Travis Kalanick’s ouster in June, has sought a guarantee in writing from SoftBank that it would reject reappointing him as CEO and block his appointment as chairman of the board or head of one of its subcommittees, said the people. Photo: Pradeep Gaur/Mint

Uber-SoftBank deal is said to ensure limit on Travis Kalanick power

3 min read . 28 Sept 2017