The payment, to be made in Uber's stock, is a fraction of the almost $2 billion in damages that a Waymo expert had estimated Uber's alleged theft had caused.
The legal battle between Google's Waymo and ride-hailing company Uber aroused when Waymo put allegations of stealing their self-driving technology secrets by Uber in order to first introduce the self-driving technology developed cars in the market to the masses. However, the ride-hailing business posted a loss of $4.5 billion. These record levels just showed that Uber continues to raise its sales, while making an impact on its loss. Uber said the share has now stabilized.
Austrian Snowboarder Breaks Neck in Crash at 2018 Olympics
Thankfully, it appeared that he didn't suffer from any long-term neurological damage, and he's now in stable condition. The following year, he earned silver in a snowboard cross event at the 2008 Winter X Games XII in Aspen, Colorado.
Amazon Echo devices now available for offline purchase in India
Thankfully, you can change your Alexa wake word to "computer", " Amazon " or "Echo" depending on how geeky you want to be. The Drop-In feature also turns your Echo into an intercom allowing you to call into an Echo device in another room.
Pakistan bans charities linked to Islamist leader designated as terrorist by UN
Officials at FIF could not be reached for comment, nor could Hafiz Saeed himself, who rarely speaks to the media. A new ordinance has been passed in Pakistan that bans Hafiz Saeed linked terror groups and foundations.
Overall, its annual bookings rose to $37 billion in the previous year, with a full-year net revenue of $7.5 billion. Last month, SoftBank Group led a $9.3 billion investment deal to make itself largest shareholder in the San Francisco-based company. On an adjusted basis, excluding stock-based compensation, legal costs, taxes and depreciation, the company lost $2.2 billion for the full year. The fact that Uber's revenue has continued to grow despite an expanding list of setbacks and scandals a year ago may suggest that the company hasn't been significantly impacted overall.
After only five months on the job, Dara Khosrowshahi, Uber's new CEO, gave a frank assessment of his tenure that has largely been spent cleaning up after his predecessor, Uber founder Travis Kalanick. Mr Khosrowshahi detailed them on a conference call with investors Tuesday, and the company made some results public. The company declined to disclose complete data for 2016 and over time has changed how it accounts for revenue. Over the entire 2017, Uber lost $4.5 billion, whereas it was "only" about $2.8 billion in the red a year earlier, though 2016 isn't considered an optimal reference point for evaluating its long-term performance because the majority of its losses incurred over that year was amortized by the sale of its China business to local rival Didi Chuxing.