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They seem to be fundraising awfully quick for a company that has plenty of cash on hand. They'd probably have to fund-raise again or go public to pay off the da

They seem to be fundraising awfully quick for a company that has plenty of cash on hand. They'd probably have to fund-raise again or go public to pay off the damages.

Animats 10y ago
Going public just got tougher for Uber. With a big lawsuit with merit hanging over them, their IPO value drops considerably. Underwriters don't like open-ended liabilities like that.
- memmcgee 10y ago
  I also think the sexual harassment claims pose a massive liability. If the harassment is as wide spread as Fowler says it is, Uber could be looking at a massive class action lawsuit.
  - Animats 10y ago
    That's chump change on Uber's scale.
angus-prune 10y ago
One of their strategies is to starve competitors of investment by hoovering up as much as they can themselves. This doesn't mean that they're in a good financial position, just that the signalling is different from other VC funded companies.
- memmcgee 10y ago
  True. But I wonder if more VCs are going to put money in smaller localized ride sharing startups now that Uber is getting such a bad rap.
  - bduerst 10y ago
    Maybe, maybe not. VCs can be like lemmings at times, and I fell like most have already jumped on the ride sharing hype.