Nothing is up; it's what happens when companies have to transition from Silicon Valley "bro" culture to a real business where you manage risk like any other bus

Nothing is up; it's what happens when companies have to transition from Silicon Valley "bro" culture to a real business where you manage risk like any other business variable. IMO Uber's problem is that they were 5-10 years too early for their business model to work. They're getting mired in driver disputes and -- worse -- driver rules are getting codified into law in many cities. That's going to make it very hard for them to compete with leaner competitors who are not managing drivers, workforce reductions, etc. once self-driving cars are more available. Uber will have to fight tooth and nail for every piece of automation while a competitor can fly under the radar until they're big (sound familiar?)