Uber is facing the biggest crisis in its history
economist.com
Uber is facing the biggest crisis in its history
1–10 of 161 posts
Re: Uber is facing the biggest crisis in its history
#2Honestly, how many other companies, government agencies, or other organizations would hold up under the kind of coordinated, orchestrated drubbing that the media has dished out to Uber over the last couple of months?
Re: Uber is facing the biggest crisis in its history
#3Honestly, how many other companies, government agencies, or other organizations would hold up under the kind of coordinated, orchestrated drubbing that the media has dished out to Uber over the last couple of months?
I'm not at all a fan of Uber, but at this point it seems like a coordinated smear campaign.
Re: Uber is facing the biggest crisis in its history
#4Honestly, how many other companies, government agencies, or other organizations would hold up under the kind of coordinated, orchestrated drubbing that the media has dished out to Uber over the last couple of months?
You seriously think government operatives and journalists are coordinating with each other to destroy Uber?
Re: Uber is facing the biggest crisis in its history
#5Honestly, how many other companies, government agencies, or other organizations would hold up under the kind of coordinated, orchestrated drubbing that the media has dished out to Uber over the last couple of months?
What do you mean by "hold up"? Continue to receive investment money? Maintain a customer base?
In what way would other companies fail?
Re: Uber is facing the biggest crisis in its history
#6Here's the money quote:
> If Mr Gurley and the rest of the board cannot find an experienced candidate willing to work with Mr Kalanick, calls for him to step down may grow louder. But that is his decision to take. Uber is a prominent example of founders’ power at fast-growing tech firms. On its own, Uber’s board does not have the clout to change the CEO, because of his super-voting shares and those of his co-founder, Garrett Camp: together they control a majority of the voting stock.
Well, that's a pretty bad corporate governance problem. The CEO's behavior, and the culture he created at the company, have badly damaged the company's image and driven away senior executives and probably a lot of engineers too -- and yet the board can't get rid of him.
I would certainly think twice about investing in a company whose board is powerless to do anything about such a terrible self-inflicted wound.
Re: Uber is facing the biggest crisis in its history
#7As a part-time Uber driver in Toronto I haven't noticed any drop-off in ride requests whatsoever. Uber will survive, at least unless someone else beats them to market with an autonomous alternative.
I don't get any incentives or bonuses either, just ~75% of the gross receipts from the customer.
Re: Uber is facing the biggest crisis in its history
#8Honestly, how many other companies, government agencies, or other organizations would hold up under the kind of coordinated, orchestrated drubbing that the media has dished out to Uber over the last couple of months?
The media giveth and the media taketh away.
Uber is a glorified cab dispatch organization, desperately fishing around to try to convert some of the insane valuation they enjoy into something more valuable. For years the media has made Uber their darling -- the oft restated misnomer about a "sharing economy" -- giving it what would likely calculate to billions in free press. Retelling the tales about the grand new world for drivers, with endless riches. The new standards of excellence for passengers.
So now the bad parts are the narrative. To dredge up another trite saying, live by the sword die by the sword.
Re: Uber is facing the biggest crisis in its history
#9Honestly, how many other companies, government agencies, or other organizations would hold up under the kind of coordinated, orchestrated drubbing that the media has dished out to Uber over the last couple of months?
How has it been coordinated? Most of these things, like worker harassment which was reported on twice, once perpetrated by a childish CEO who is still in charge, is self inflicted. Travis didn't have to join Trump's Tech Advisory Committee either, that was a choice he made.
Re: Uber is facing the biggest crisis in its history
#10Here's the money quote: > If Mr Gurley and the rest of the board cannot find an experienced candidate willing to work with Mr Kalanick, calls for him to step down may grow louder. But that is his decision to take. Uber is a prominent example of founders’ power at fast-growing tech firms. On its own, Uber’s board does not have the clout to change the CEO, because of his super-voting shares and those of his co-founder,…
While I'm not sure I disagree with you, devil's advocate here...do you think you'd feel the same way as a founder who could prevent yourself from ever being fired from your own company? I can think of several situations where retaining that kind of control would be hugely beneficial and important (in the right hands of course, which is the whole issue here).