Major Uber investor sues Travis Kalanick, alleging fraud for ‘selfish ends’

Benchmark Capital is accusing the embattled former CEO of engaging in fraud in order to ‘increase his power over Uber’

Travis Kalanick is being sued by one of Uber’s largest investors, Benchmark Capital, which accuses the former chief executive of engaging in fraud in order to “increase his power over Uber for his own selfish ends”.

The Benchmark complaint exposes an ugly battle for power at the top of the nearly $70bn startup, which has been buffeted from crisis to crisis all year and is still searching for a replacement for Kalanick.

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from Technology | The Guardian http://bit.ly/2fvJedG

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