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Uber was actively poaching from our team when I was at Edmunds.com a few years ago; hope my ex-teammates that jumped ship are doing alright. Uber is in a precarious position and I can't help but wonder what would be different if Travis Kalanick were still in charge. I know it might be an unpopular opinion, but I think his leadership and vision were really instrumental to Uber's early success.
Uber was actively poaching from our team when I was at Edmunds.com a few years ago; hope my ex-teammates that jumped ship are doing alright. Uber is in a precarious position and I can't help but wonder what would be different if Travis Kalanick were still in charge. I know it might be an unpopular opinion, but I think his leadership and vision were really instrumental to Uber's early success.
However, that doesn't mean he should still be CEO. Kalanick also created a company culture that became more and more toxic as it grew larger. Lyft was arguably on the ropes and might've failed without the #DeleteUber movement caused by all of the Uber scandals. Without Lyft for competition Uber might actually have the pricing power to be profitable now, but as it stands I'm not sure how viable they are in the long-term.
Earlier quoted context omitted.
Where is the line between "fear of recession" and "being in a recession"? Recessions happen on a somewhat consistent cycle ( https://en.wikipedia.org/wiki/Business_cycle , https://en.wikipedia.org/wiki/Lists_of_recessions); people would be less fearful if they were better prepared for their inevitability. Antifragility would be a good concept to be familiar with.
You should re-read my post, as it wasn't myself that fears a recession is looming. The broader discussions within the markets are that one is on the horizon. I'm not so confident.
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I mean resistance to his ideals and methods are based on his relative carelessness towards anything but his and the company's goals. Incredible leader, amazing CEO with the raw ability to move mountains for the company's growth. Remarkably bad at human and helping humankind. If burning the Amazon rainforest helped Uber's goals he would have it torched in the most efficient and rapid method possible by morning light.…
> Remarkably bad at human and helping humankind. I would say that the way how Uber aggressively expanded throughout the world has massively helped humankind. Because of Uber, many countries have changed their taxi laws, and many local competitors have sprouted up. More efficient taxi and ride-sharing services help save the environment and make cities nicer. Of course this is quite theoretical but I believe Uber was t…
(More empty cars cruising around)
Uber was actively poaching from our team when I was at Edmunds.com a few years ago; hope my ex-teammates that jumped ship are doing alright. Uber is in a precarious position and I can't help but wonder what would be different if Travis Kalanick were still in charge. I know it might be an unpopular opinion, but I think his leadership and vision were really instrumental to Uber's early success.
Unless Travis could have pulled off a miracle with self driving cars, Uber would be in exactly the same place it is today. If anything the company is executing better than it did under his leadership. It just cannot win the battle against basic economics, which everyone saw coming.
Their fixed costs are servers and engineering. If they set their prices higher than what drivers are willing to accept they should make money.
I don’t see how “basic economics” is the enemy. Their enemy is setting expectations too high. If they were happy with a profit of $100M a year they would be sustainable forever.
Google is pretty well-known for maintaining a very deep bench-- if an engineer isn't effective in some role, they'll just move them to some other team. Heck, a lot of hires (especially 3rd/last attempt) go directly to the bench. This strategy pays off well when a new competitor (like Facebook or Uber) comes along and snatches up people in the lead roles, or if the company feels the need to pivot to something really f…
If anything, Uber has invested in too much tech for the sake of being tech heavy, which may not be best suited for their business (outside self-driving, which needs heavy tech investment).
Earlier quoted context omitted.
> I know it might be an unpopular opinion, but I think his leadership and vision were really instrumental to Uber's early success. I don't think that's an unpopular opinion at all. Never heard someone say otherwise. EDIT: From the the downvotes I can tell I am wrong. Please help educate me: Honest question: Who or what was "really instrumental to Uber's early success"?
> Honest question: Who or what was "really instrumental to Uber's early success"? Using VC funding to bankroll an unprofitable business model, undercutting existing industry players who didn't have multiple billion dollar rocket boosters, mostly. Ignoring laws and other unethical practices no doubt helped.
Related, but Uber is said to be hiring 2,00 for it's new Chicago office next year [1]. A mix of engineering and operations. My understanding this would be under their freight team, which according to this Techcrunch article, was unaffected by this layoff. [1]: https://www.chicagotribune.com/business/ct-biz-uber-hiring-o...
There's definitely a tightening of capital happening right now. Investors are pulling back as fear of recession grows. EDIT: Did I say I believe there's a recession coming? No. I said (accurately) that there are growing FEARS of one. There's definitely tightening of investments and capital happening.
I mean there's also the fact that California has pending legislation that seems ready to pass that will kick Uber (and others in the gig economy space) right in the wallet. Next 2 years should be interesting as we see what effect that has on things.