Uber

Travis Kalanick's secret, multimillion-dollar venture

Travis Kalanick
Travis Kalanick. Photo: Michael Kovac/Getty Images

Former Uber CEO Travis Kalanick is quietly developing his first venture since being ousted from the ride-hailing company in 2017, working on a multimillion-dollar plan to build CloudKitchens, a global network of commercial kitchens that offer extra capacity and expanded reach for delivery-only restaurants, the Financial Times reports.

Details: Following the momentum of Uber Eats and similar services, CloudKitchens buys and leases real estate and develops software to help restaurants manage their back-office systems and integrate with food-delivery platforms. Last March, Kalanick acquired a $150 million controlling stake in City Storage Solutions, the Los Angeles-based parent of CloudKitchens, and began opening kitchens and recruiting early hires in California.

Uber sues NYC over vehicle cap law

Photo of car with Uber and Lyft stickers in NYC.
Ride-hailing car with Uber and Lyft stickers in NYC. Photo: Spencer Platt/Getty Images

Uber has filed legal action against the city of New York over a law it passed last year capping the number of ride-hailing cars allowed on its street, fearing the city may make permanent the initial 12-month pause, according to court documents.

The big picture: Ride-hailing companies have aggressively pushed back against regulations. In 2015, New York Mayor Bill de Blasio tried to impose a cap, but dropped the plan after pushback from the companies (namely, Uber which created a publicity stunt in its mobile app as protest).

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