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(Possible) Consequences: ... Without any way to raise more money or reduce their costs, Uber runs out of money and folds. Highly unlikely. Why? Investors who s
by rsp1984 10y ago
(Possible) Consequences: ... Without any way to raise more money or reduce their costs, Uber runs out of money and folds.
Highly unlikely. Why? Investors who stomach multi-billion dollar annual losses will probably just shrug off a mere lawsuit or a "bad media narrative". If the choice is to either write off $15 billion or to give another couple to help the company go through a rough patch (what a buying opportunity!) I think I know what investors are going to do.
They may demand Kalanick's head in the process (and I think they will -- not that it would really hurt him much personally though...) but seriously a whole nother level of crap would have to happen before investors start getting comfortable with the thought of letting go those $15 billion.
- trprog 10y agoAs they say, if you owe the bank $100 you have a problem. If you owe the bank $100 million the bank has a problem.