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Uber completes sales of $9.3bn in stock with SoftBank

Bloomberg Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company. Uber shareholders sold about $8 billion at a discounted price to a group of investors led by SoftBank, making the Japanese conglomerate the largest shareholder. SoftBank also invested $1.25 billion directly into Uber at a valuation of about $70 ...

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Italy vote: Facebook ups the ante on fake news

Bloomberg Facebook Inc. is intensifying scrutiny of its pages to root out bogus news reports and other attempts to interfere with Italy’s general election in March, according to people familiar with the matter. The US company will allocate more resources to ensure users comply with its guidelines during the election campaign, two people said, asking not to be named because ...

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Trump marks year one with federal government shutdown drama

Bloomberg Donald Trump woke up on the anniversary of his inauguration with the federal government shuttered, a development that seemed almost predictable after a year of tumult in Washington. “This is the One Year Anniversary of my Presidency and the Democrats wanted to give me a nice present,” the president said on Twitter early on January 20. He said in ...

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