Lance Armstrong Invested Early in Uber and May Now be a Billionaire

Lance Armstrong says that he was one of the original Uber investors staking them $100,000 at a valuation of just $3.7 million. There are reports that Uber’s projected IPO will value the company at $120 billion. Armstrong wouldn’t say what percent of Uber he still owns but it is conceivable that his stake could be worth $1 billion or more today.

Uber Hits 2 Billion Rides Milestone

Uber reached the 2 billion ride milestone on June 18, just 6 months after hitting 1 billion according to Uber CEO Travis Kalanick. “It took five years to reach our billionth trip, six months to reach the next billion ……

Uber Now Profitable In Hundreds Of Cities Globally, But Spending It All On China

The CEO of Uber, Travis Kalanick, told The Financial Times that Uber is profitable except for its investments in China and other new markets. Uber is in a fierce battle for market share as the number two ride sharing service…

Stephen Colbert’s First Guests Include Elon Musk, Uber’s Travis Kalanick

Stephen Colbert’s highly-anticipated debut in David Letterman’s old spot is fast approaching, and The Late Show has just revealed the guests Colbert will welcome in his first week. The list includes Tesla and SpaceX CEO Elon Musk, as well as…

Uber Steals Facebook’s Chief Security Officer

Uber’s just put a likely considerable amount of money where its mouth is, in regards to its promise to beef up the app’s safety and security. The on-demand ride company just poached Facebook’s Chief Security Officer. Joe Sullivan will move…

Uber CFO Brent Callinicos Steps Down

On-demand car service Uber is saying goodbye to its Chief Financial Officer. Brent Callinicos, who served as CFO of the startup since 2013, is stepping down to spend more time with his family. “For me, this ride is coming to…