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I think the difference with those comparisons is that Uber is a massive startup, and startups have a high tendency to fail. Situations like Uber are the exact r
by chejazi 10y ago
I think the difference with those comparisons is that Uber is a massive startup, and startups have a high tendency to fail. Situations like Uber are the exact reason everyone was issuing warnings about "late stage private companies" last year. Uber might have lots cash on hand, but their unit economics makes them a ticking timebomb, meanwhile the constant PR is sending them into a huge tailspin.
Zenefits seems to have cleaned up with the departure of the former CEO. I'm not sure what their bankruptcy prospects were. Departure or not, I think Uber has challenges beyond their need to create self-driving cars (which the CEO claimed was existential for them).
- mylons 10y agoi think the self driving car stuff is existential for uber because the drivers cost them too much money. it's a race against their ability to raise capital.
- djsumdog 10y agoand yet Google is saying some of that software was stolen and there was that other recent post that showed their cars still needed a pretty large amount of driver intervention .. so that's probably not working out for them at the moment either.
- mylons 10y agocorrect. they've fucked themselves. i'm really curious what their financials look like, because i bet google has an approximation, and google may know that this lawsuit's costs will break the camel's back.