Hyperdrive
Last Otto Co-Founder Leaves Uber After Contentious Acquisition
In this Aug. 18, 2016, file photo, one of Otto's self-driving, big-rig trucks
Photographer: Tony Avelar/AP Photo
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With the recent departure of Don Burnette, all four co-founders of driverless trucking company Otto have now left Uber Technologies Inc., about 18 months after Uber’s purchase of the startup.
The August 2016 acquisition was billed as a $680 million stock deal that would catapult Uber’s self-driving car program into contention with Alphabet Inc.’s Waymo. Instead, the Otto purchase turned toxic when Waymo sued Uber for allegedly stealing trade secrets.