SoftBank grabs a ticket to ride, and Uber is stranded

When your largest shareholder also backs your rivals, and at the same time advises you to surrender some markets to them, you've got to wonder about motives.

The last thing Uber Technologies needs is yet another battle between management and investors, as ousted founder Travis Kalanick's troubles with Benchmark Capital are only just over.

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A version of this article appeared in the print edition of The Straits Times on March 09, 2018, with the headline 'SoftBank grabs a ticket to ride, and Uber is stranded'. Print Edition | Subscribe