It’s not a secret that Uber has been going through some rough times recently, what with all the scandals and the ongoing Waymo lawsuit. To top it all off, the company’s CEO Travis Kalanick had to take a leave of absence due to the tragic accident involving his parents. Apparently, this was the subject of a board of directors meeting last Sunday, which puts the current Uber boss’ future in question.
The information regarding the contents of the meeting came via three anonymous sources who were familiar with the matter, The New York Times reports, who revealed quite a few interesting developments. Aside from Kalanick’s absence itself, it would seem that the meeting’s agenda also included the internal company investigation that US Attorney General Eric H. Holder Jr had recommended.
Expected to last a month, this particular investigation is meant to go deep and uncover any illicit activities within the company. Hundreds of employees are going to be interviewed and Emil Michael might be removed from the picture. Michael is a close friend and ally of Kalanick, which would make his presence during the investigation rather tricky.
In any case, if the findings of the research paint a bleak picture or even before then, Holder’s recommendation also included some proposed changes to how the company works. During the meeting, the board was supposed to take a vote regarding the actions that they were going to take with regards to the recommendation.
As for Michael himself, it would seem that he understands his precarious position within the company and is preparing to resign, The Wall Street Journal reports. This would make Kalanick’s own future in Uber less stable than when he left, particularly if his promise of becoming a better leader a few months ago to employees is proven to be nothing but hot air.


Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook
SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock
Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill
Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs
Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract
AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform
ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone?
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch
OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails
SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth
IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness 



