4 ms·
A founder/CEO that built a $60B company with control of the board? Not a chance in hell he steps down. For each person telling him to resign, there are hundred
by goseeastarwar 10y ago
A founder/CEO that built a $60B company with control of the board? Not a chance in hell he steps down.
For each person telling him to resign, there are hundreds stroking his ego and encouraging him to carry on.
- alphonsegaston 10y agoUber's valuation is a collaborative performance that only stops being fiction if everyone plays along until they achieve a self-driving monopoly. Kalanick is tearing up pages of that script faster than new ones can be written and a whole lot of the performers are jumping ship. If he wants to be the king of an ash pile, so be it. But it's not gonna be an ash pile worth $60B.
- goseeastarwar 10y agoUber isn't going anywhere. Investors may take a short-term hit riding this wave of bad PR, but there's far too much machinery that will continue to push Kalanick's agenda forward. This thread is chock full of wishful thinking, but the fact of the matter is the vast majority of Uber's users just want to get somewhere and don't care how the company is being run.
- ntelson1s 10y agoMost of the expressed opinions here do come from a bit of wishful thinking, but I think you're ignoring that Uber doesn't exactly have a monopoly. The service they offer already has competition and doesn't exactly require an insane technical expertise. Self-driving was a means to providing that after they've already expanded. So far only massive injections of cash have been the fuel behind their massive expansion success. Without self-driving tech, they lose the race to the monopoly they wanted as an end goal and at best need to restart and double down on their losses without leading the industry anymore... or let it burn.