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Uber’s Waymo Settlement: Why the Road Isn’t Clear Yet
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Uber’s Waymo Settlement: Why the Road Isn’t Clear Yet

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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Five days into a trial that was set to last for weeks, Uber unexpectedly settled a lawsuit brought by Waymo over the alleged theft of trade secrets from the self-driving car company. Under the settlement, Uber has agreed to pay Waymo a .34% share of the company’s equity, which amounts to 4 million. Waymo, which is owned by Google parent company Alphabet, had been seeking damages of billion. Documents presented in the case remain sealed, including 14,000 emails that engineer Anthony Levandowski allegedly stole from Google when he left to form his own self-driving car company called Otto. In 2016, Uber purchased Otto for $680 million. Although much of the details are still in the dark, the case sheds light on the cutthroat world of technology-based businesses and the race to produce the next big thing. It also raises interesting legal and moral questions about balancing the interests of a company over the rights of employees.…

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