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Top UBER exec outs himself as UBER Files whistleblower

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The man who led UBER’s controversial lobbying efforts in Europe has identified himself as the whistleblower behind the UBER Files investigation

Lobbyist Mark MacGann has come out as the whistleblower who leaked thousands of compromising documents on the US ride-hailing firm.

MacGann led Uber’s lobbying efforts in Europe, Africa and the Middle East between 2014 and 2016. 

The one-time cheerleader-in-chief for Uber in Europe, MacGann now looks set to become one of its sharpest critics.

Lobbyist Mark MacGann with the French President

He’s told The Guardian newspaper he wanted to speak out because he believed Uber broke the law in dozens of countries.

He also claims Uber misled people about the company’s business model.

In his wide-ranging interview, MacGann detailed the personal journey that led him to leak the data years after leaving Uber.

“I regret being part of a group of people which massaged the facts to earn the trust of drivers, of consumers and of political elites,” he said.

“I should have shown more common sense and pushed harder to stop the craziness. It is my duty to [now] speak up and help governments and parliamentarians right some fundamental wrongs. Morally, I had no choice in the matter.”

UBER Files investigation

Journalists have accused the company of having “broken the law” in its war against local taxi companies as it entered new markets.

The Guardian has shared more than 100,000 documents, dating from 2013 to 2017.

The Uber files consists of confidential company data that MacGann had access to at Uber.

But many experts are now warning that all entrepreneurs can learn lessons from Uber’s failings.

It includes company presentations, briefing notes, security reports and tens of thousands of emails and WhatsApp, iMessage and chat exchanges between the company’s most senior staff at the time.

They include Travis Kalanick, Uber’s combative co-founder and then chief executive, David Plouffe, a former Barack Obama campaign aide who became a senior vice-president at Uber, and Rachel Whetstone, a British PR executive who has also held senior roles at Google, Facebook and now Netflix.

When MacGann departed Uber in 2016, Whetstone described him as “a wonderful leader”. Plouffe called him a “talented public policy professional” and “terrific advocate for Uber”.

In response, Uber has tried to distance itself from the investigation and the practices of former management.

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U.S. Federal Reserve announce rate cut, show great confidence in economy

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The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Markets brace for potential 50-point fed rate cut

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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