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The only person who can decide that Uber needs a new CEO is ... its current CEO

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recode.net

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dailynews@recode.net

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Mon, Apr 10, 2017 11:32 AM

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Here’s why Uber won’t fire its CEO: The rise of super-voting shares in Silicon Valley has

Here’s why Uber won’t fire its CEO: The rise of super-voting shares in Silicon Valley has given strategic founders the ultimate job security. And at Uber, the only person who can decide Uber needs a new CEO is its co-founder and current CEO, Travis Kalanick. [[Jesse Hempel / Backchannel](] Amazon’s rivals in India are teaming up to battle the Seattle-based giant in the world’s next great e-commerce market. eBay has invested $500 million in, and is selling its India operation to, homegrown competitor Flipkart as part of a $1.4 billion funding round. At the same time, Softbank is pushing another player, [Snapdeal, to sell to Flipkart for $1 billion](. [[Jon Russell / TechCrunch](] Here’s why Facebook’s $I billion Instagram acquisition was such a great deal: Five years ago, Instagram had just 30 million users and zero revenue; now it has more than 600 million users, and many analysts believe it will soon be a multibillion-dollar ad business — if it’s not already. [[Kurt Wagner / Recode](] A cadre of diehard Twitter users started a petition encouraging the company to [self itself to its users]( — essentially turning Twitter into a co-op. The proposal surfaced on Friday when Twitter filed its proxy statement with the SEC ahead of its shareholders meeting coming up in May. So did some salary figures: Two of Twitter’s highest paid executives left behind more than $35 million in stock awards when they resigned from the company at the end of last year. That’s a lot, even for Silicon Valley execs. [[Kurt Wagner / Recode](] The next evolution in office working could be employees getting implanted with microchips that can be programmed to speak to other networked devices. A growing trend in bodily implants is “turning the internet of things into the internet of us,” says the founder of a Swedish company that specializes in injecting microchips about the size of a grain of rice under people’s skin. [[April Glaser / Recode](] Tech CEOs should listen to their employees and stand up to President Trump, says venture capitalist Bijan Sabet, a general partner at Spark Capital, on the latest episode of Recode Decode, hosted by Kara Swisher. Employers have the chance to be a role model for their employees, Sabet says, by speaking out on issues that sometimes defy party lines, such as immigration, minimum wage and the environment. [[Eric Johnson / Recode](] [Insert alt text here] [TaskRabbit is looking into selling itself.]( The gig economy startup has hired advisers after a possible purchaser surfaced during a recent funding process. [Google is rolling out a fact-check feature in its search and news results.]( The search giant is trying to battle the spread of fake news. [Snapchat’s Bitmoji is the No. 1 most-downloaded app in five top markets.]( Uber makes the list, too. [Uber says it doesn’t have the files that Google parent company Alphabet says were stolen.]( The company further says that an injunction isn’t necessary because all the cars on the road are using Velodyne lidar. [Walt Mossberg is retiring in June.]( Thanks for reading, watching, listening.developers incur costs, but don’t have a way to make money. [Insert alt text here] [Appearing in stock photos was the biggest mistake of my life.]( Anyone with an internet connection could buy the images and do whatever they wanted with them: My face sold booze and milk, I graced the cover of a book about monster hunters, and I was the poster boy for a horrifying penis condition. [[Niccolo Massariello / Vice](] [Insert alt text here] [Twitter]( [Facebook]( [Instagram]( This email was sent to {EMAIL}. Manage your [email preferences](, or [unsubscribe]( to stop receiving emails from Recode Daily. Vox Media, 1201 Connecticut Ave. NW, Washington, DC 20036. Copyright © 2016. All rights reserved.

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