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.


Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices
South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Elon Musk Says Tesla Cybercab and Optimus Production Will Start Slowly Before Rapid Growth
Apple Stock Jumps as Company Prepares Major Siri AI Chatbot Upgrade
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
Intel Stock Slides Despite Earnings Beat as Weak Q1 Outlook Raises Concerns
South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports
Nintendo Stock Jumps as Switch 2 Becomes Best-Selling Console in the U.S. in 2025
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks
HKEX’s Permissive IPO Rules Could Open Opportunities for Korea to Strengthen Its Position in International Listings
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 



