Uber's wrong turn

FOX News

Uber CEO Travis Kalanick has resigned from the ride-sharing service he co-founded, another twist in a rough year for the company. There's also a court battle stemming from allegations that Uber stole trade secrets from Waymo, Alphabet's (GOOGL) self-driving car development company. Waymo alleges that Anthony Levandowski - a former top manager for Google's self-driving car project - stole pivotal technology from Google before leaving to run Uber's self-driving car division. Uber's board releases Holder's recommendations, which include removing some of Kalanick's responsibilities and replacing Uber's chairman and founder, Garrett Camp, with an independent chairman.

Is Uber out of control?

FOX News

It's been 30 days since Susan Fowler blogged about her experience working as an engineer for the poster child of Silicon Valley bro culture, Uber. I bet Travis Kalanick, the ride-hailing company's hard-charging CEO, would cough up a sizable chunk of his $6.3 billion net worth to stuff that genie back in the bottle. Sunday's surprise resignation of Jeff Jones – who was recruited just six months ago as president of ride sharing and head of global marketing – capped a month-long executive exodus in the wake of Fowler's accusations of organizational chaos, sexual harassment and brazen misbehavior by Uber management. If the revelations are true (the company is still investigating), then under the hood of Uber's brilliant innovation and stellar growth lies what can best be described as an out- of-control mess. The question is, can Kalanick navigate the crisis or will he be forced out?