Uber’s president quits after six months
Uber’s president, Jeff Jones, is quitting after six months on the job, citing issues with the company’s approach to management. The move follows Uber CEO Travis Kalanick’s announcement that he plans to hire a chief operating officer to provide leadership help. Jones’ departure follows several rocky weeks for the ride-hailing giant, which is grappling with charges of sexual harassment, a lawsuit from Google, and a campaign to delete its app, among other issues.
MuleSoft shares surged in debut
The year’s first big enterprise software IPO delivered a first-day pop. Shares of MuleSoft closed up about 40 percent in their first day of trading on Friday, giving the San Francisco-based company a market cap north of $3 billion. The stock was down slightly in Monday morning trading.
Netmarble files to raise $2.35B in IPO
Netmarble, one of the largest mobile and PC gaming firms, has filed to raise as much as $2.35 billion through an IPO in its native Korea, TechCrunch reports. A listing in that price range would give the company a valuation that’s just shy of $12 billion.
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