6 ms·
Even ignoring that, by that standard, he is among the worst human being ever with around -80 billions of "profit" so far... ...and ignoring that Uber is struct
by matt4077 10y ago
Even ignoring that, by that standard, he is among the worst human being ever with around -80 billions of "profit" so far...
...and ignoring that Uber is structured specifically to make the board toothless – proof: major VCs invested in Uber have to resort to public blog posts because they can't get answers nor actions using the standard
tools of corporate governance...
...there's nothing wrong with faulting people for immoral but legal actions they take. Uber and its ilk are inflicting harm on the lower middle class by driving down the income and security of taxi drivers. The spoils go to middle-class customers (now) and VCs (theoretically, someday). Is that a good deal for society overall? Nobody knows. Wal-mart has similarly driven down prices and arguably made life easier for many people. It's also killed Main Street, created an underclass of employees earning minimum wage, and led to the consolidation of power within oligopolies in many markets.
It's not a sustainable solution because boycotts and other means of regulating companies without the power of law just don't work. But there's nothing wrong with it. In fact, it's probably a necessary on the way to actual regulation by laws.