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Uber CEO Takes Leave of Abscence

Yes some of these problems are the usual start-up growing pains, along with start-up founders often enough not having the skill-set required in a mature organization. But despite his great idea, Kalanick seems to have made quite a mess of things.

I believe a lot more in terms of misrepresentation and grey areas of legality are going to continue to come out. I suspect the investors are getting concerned.
 
Bucky said:
Nonesene. Uber is still generating a lot of profit and is simply taking time off to grief his mother's death.

Companies like Apple, Microsoft and Amazon had to go through a similar maturity process.
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Nonsense as well.

Uber has never made a profit that I'm aware.

Which is why they can't do a long overdue IPO.
 
Chomsky said:
Uber has never made a profit that I'm aware.

Which is why they can't do a long overdue IPO.
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I mean revenue. But you are right, Uber has yet generate a profit but generating a profit shouldn't be a short term goal for that company.
 
Bucky said:
I mean revenue. But you are right, Uber has yet generate a profit but generating a profit shouldn't be a short term goal for that company.
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Fair enough.

And I'll further support your argument by pointing out Amazon lost money for it's first decade or more! ;)
 
Chomsky said:
Yes some of these problems are the usual start-up growing pains, along with start-up founders often enough not having the skill-set required in a mature organization. But despite his great idea, Kalanick seems to have made quite a mess of things.

I believe a lot more in terms of misrepresentation and grey areas of legality are going to continue to come out. I suspect the investors are getting concerned.
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The many, many, many, many, many, many, many investors hehe
 
ModerateGOP said:
The many, many, many, many, many, many, many investors hehe
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Not to speak of the many, many, many, many, drivers that onboard only to quit driving weeks or a month-or-two later!

Those cheap rides are currently being heavily subsidized by the investors, and also drivers (often naively) taking appreciation out of their personal cars.

I believe the model is sustainable, but not at the current passenger rates. Which is why Uber just decoupled passenger rates from driver rates, so they could start floating them while keeping the drivers locked in.
 
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