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Uber has picked fights with local, regional and federal governments around the world, as well as reporters, other companies, etc. Many of those could potentiall
by ucaetano 10y ago
Uber has picked fights with local, regional and federal governments around the world, as well as reporters, other companies, etc. Many of those could potentially lead to litigation but so far haven't, and if anyone has been waiting to sue Uber, this is the optimal time for it.
With the Waymo lawsuit, the internal investigations, cash burning, leaks, disgruntled employees and drivers, a wave of new lawsuits around the country and the world could quickly overwhelm the company, preventing it from doing an IPO or even securing more funding. With the IPO delayed and valuation damaged, more of the best employees will quit, as the long hours and low salaries won't translate into post-IPO fortunes.
- ucaetano 10y agoAnd it seems to be happening already: https://www.ft.com/content/c6bc4b2c-0012-11e7-8d8e-a5e3738f9ae4 https://www.ft.com/content/c6bc4b2c-0012-11e7-8d8e-a5e3738f9...