Tuesday, August 30, 2016

Alphabet chief must leave government Uber – NU.nl

That’s Uber Tuesday confirmed to include Wall Street Journal . Drummond sat since 2013 on the board of directors of the taxi service.

According to sources from The Information he was recently, however, kept away from meetings and he could not see more business secrets.

Uber launched this month a pilot self-propelled taxis in the city of Pittsburgh and announced the acquisition of the company to Otto. That startup working on the development of self-propelled vehicles.



Investment

Google has been working for several years on self-propelled cars and was an early investor in Uber. Drummond is chairman of the investment arm GV Google. He oversaw in 2013 the investment of $ 250 million that Google did in Uber, which the company received a valuation of $ 3.8 billion.

More than three years attributed a score of 68 billion dollars later Uber is and has already raised more than $ 12.9 billion in venture capital.

Drummond said in a statement that he has resigned from the board of Uber because of the “overlap” between the taxi app and Google. “GV remains an avid investor and Google will continue to work with Uber,” he says

By:. NU.nl

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