Listen Now: Starting Over: How Former Uber CEO’s New Startup Took Off
The former CEO of Uber is driving himself back into the business world.
In 2007, Travis Kalanick was ousted as CEO of Uber after a number of scandals. Now despite his attempts at secrecy, it appears his new startup is taking off.
It all started about a year ago when Kalanick announced he bought a real estate startup called City Storage Systems. The company redevelops distressed bits of real estate such as underused parking lots and turns them into physical sites that support online businesses.
One of those online businesses is Cloud Kitchens, a company that builds kitchens for chefs who want to start a food delivery business. And that business starting to take off, providing direct competition to Kalanick’s former company, Uber Eats.
So far cloud kitchens has opened in Los Angeles and is now working on London and Silicon Valley. But this information is hard to come by. According to Business Insider, new employees of the company are being asked not to update their LinkedIn profiles with their new gig while he gets more locations up and running.
When one door closes…
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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