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Well, Theranos and Etherium are met with frequent criticism on this board with good reason, but the issue isn't about losing out on an investment - which is obv
by vectorpush 9y ago
Well, Theranos and Etherium are met with frequent criticism on this board with good reason, but the issue isn't about losing out on an investment - which is obviously a risk with any company and clearly not applicable in the case of Uber - but rather, negligent, reckless or fraudulent behavior dressed up in tons of marketing buzz and obfuscated by insane levels of hype that functions only to inflate the ego and perceived prestige of the founders while simultaneously fleecing consumers of their money. The bigger the hype to inevitable-reality gap, the bigger the schadenfreude payoff when the scammer house of cards finally collapses in on itself.
- will_brown 9y ago> negligent, reckless or fraudulent behavior dressed up in tons of marketing buzz and obfuscated by insane levels of hype Sounds like Uber to me. Yes people got rides and it's a good product, but they still took operations to cities/counties all over the world illegally. Drivers are the ones who are stuck holding the with damaged driving records, and in some cases criminal records, for nothing more that operating under Uber. For example in Miami alone there are still $3.5M worth of outstanding fines from drivers when they were illegally operating as rides for hire. Multiple that by how many cities? Then extend that business model for to any other illegal activity: drugs, prostitution, murder for hire, etc... but you know hype ($50B unicorn) and marketing buzz (disrupting, sharing economy).