Cheddar afternoon business update 8/11: Google celebrates hip-hop

Posted: Updated:
NEW YORK, N.Y. -

One of Uber's earliest and biggest investors is suing former CEO Travis Kalanick.

Benchmark Capital is accusing the ex-executive of defrauding directors in an effort to gain further control of the company's board.

Kalanick stepped down from his position as CEO in June, after six months of scandal and legal trouble at the company.

In other news, the company that owns IHOP and Applebee's says it will close up to 135 Applebee’s locations and 60 IHOP restaurants.

The downsize comes as more customers flock to "quick-service" restaurants like Panera and Chipotle. It is still not clear which particular locations will be impacted.

Meanwhile, Google celebrated the birth of hip-hop Friday.

The Google Doodle commemorated the 44th anniversary of hip-hop, celebrating the 1973 party where DJ Kool Herc is credited with creating the genre.

The doodle features art from graffiti artist Cey Adams and is unlike anything the company's ever done before, according to Doodle team members.

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