How Uber Backers Orchestrated Kalanick’s Ouster as CEO

Post by amrrs » Thu, Jun 22, 2017, 11:35 AM UTC

HenryBemis wrote: post #101

camillomiller wrote: post #94

Earlier quoted context omitted.

Let's not forget that, however you frame it, he might have done all that by exploiting the worst traits of digital capitalism. I.e. they found the cleverest way to keep the revenue flowing (and maybe profits, one day) while getting rid of those pesky liabilities called means of production, all with appalling levels of capital concentration and lack of redistribution. Kalanick might be out, but UBER now is hardly less…

+1 I think that apart the "less drunk drivers", "entrepreneurs", and all that fandom talk, Uber went ahead to bump heads with one of the most "exclusive" professions (taxi drivers are the favorite voters for any government), and managed to carve out a portion of their business, out-of-nowhere. It's like, me starting a soft-drink company and, take on Coca & Pepsi and carve out 10% of their sales globally within 5 year…

Post by celticninja » Thu, Jun 22, 2017, 11:41 AM UTC

zer00eyz wrote: post #83

vm wrote: post #70

Earlier quoted context omitted.

He created a service that reduced drunk driving rates by 1/3, enabled nearly 200K drivers to become entrepreneurs, provided a valuable service to millions of customers, and accelerated the shift to self driving cars. That deserves serious credit.

Lets take this point by point: - reduced drunk driving rates by 1/3 Not going to argue with that one, it is good. - enabled nearly 200K drivers to become entrepreneurs I used to work in direct sales, aka multi level marketing. They too called the people there "entrepreneurs". Those very people your describing as "entrepreneurs" have been suing Uber for missing money. When confronted by one of these drivers about mone…

Post by nonamechicken » Thu, Jun 22, 2017, 12:30 PM UTC

mattmanser wrote: post #111

hueving wrote: post #105

Earlier quoted context omitted.

Rape? When did that happen?

India is the one I remember widely reported - http://www.bbc.co.uk/news/business-40296994 This case had an even worse history than I thought though: Uber had investigated the complaint, obtained her medical records and speculated that she made up the claims to hurt the firm's business. So Uber also steal peoples medical records, and only fired the guy who instigated that after it became a news story: http://www.bbc.c…

Post by SmellyGeekBoy » Thu, Jun 22, 2017, 12:48 PM UTC

danieltillett wrote: post #108

mabbo wrote: post #14

A commenter in another thread put it very well: you can have as many voting shares as you like, but you aren't in control of your company until you're profitable.

You are never in control of your company unless you don’t have employees.

Post by delazeur » Thu, Jun 22, 2017, 12:53 PM UTC

qb45 wrote: post #82

matthewmacleod wrote: post #79

Earlier quoted context omitted.

Bullshit. He made taxi services cheaper by pumping VC money into the market, with no obvious long-term strategy for profitability.

FWIW, I heard they convinced investors that economy of scales will make their pricing profitable in the future. At least that's what somebody said in this other Uber thread here. Whether their calculations will pan out is another story. Whether such tactics should be allowed - yet another.