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I concur. This is a very poor decision all of which stems from the snowballing and mob mentality of the outraged. Companies at this stage in an ultra competiti

I concur. This is a very poor decision all of which stems from the snowballing and mob mentality of the outraged. Companies at this stage in an ultra competitive market (not talking about ride sharing, but self-driving) need their founders to lead and grow. It is just too early and critical to bring in a professional CEO. See Apple.

swang 9y ago
he could have cleaned ship years ago with all the previous scandals but he was either too stubborn or too arrogant to think any bad news would pull his company down. he was representative of uber's toxic culture and it seems like he should have stepped down right after he was caught bad mouthing a driver FROM HIS OWN COMPANY.
- nailer 9y ago
  Is that the video where he explains how there wasn't huge demand for upmarket cabs to angry upmarket cab driver? There wasn't much scandal there.
  - nodesocket 9y ago
    Correct. It's the video where the Uber driver blames Travis personally for him buying cars and his small transportation business failing. I mean, how could an incredibly high interest and high upfront capital car loan into a very speculative and low margin business be risky? It must be Uber and Travis screwing him.
anth1988 9y ago
Google brought in Schmidt.
bildung 9y ago
Uber hasn't been able to show a single GAAP-profitable market anywhere, including cities in the US. Rates would have to be more than 100% higher just to archive break even. Scale economics of that magnitude are unheard of with physical products. Self-driving is essentially just a media stunt for them, just like amazons drone delivery news that pop up every year just before christmas. Just look at the numbers in this article[1] - they need scale economics of two times the cost of the driver of the cab to archive GAAP profitability, which, obviously, is impossible even with self-driving. [1] http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html#_edn4 http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...
- codecamper 9y ago
  GAAP profit? Who can show that??

swang 9y ago

he could have cleaned ship years ago with all the previous scandals but he was either too stubborn or too arrogant to think any bad news would pull his company down. he was representative of uber's toxic culture and it seems like he should have stepped down right after he was caught bad mouthing a driver FROM HIS OWN COMPANY.

nailer 9y ago
Is that the video where he explains how there wasn't huge demand for upmarket cabs to angry upmarket cab driver? There wasn't much scandal there.
- nodesocket 9y ago
  Correct. It's the video where the Uber driver blames Travis personally for him buying cars and his small transportation business failing. I mean, how could an incredibly high interest and high upfront capital car loan into a very speculative and low margin business be risky? It must be Uber and Travis screwing him.

anth1988 9y ago

Google brought in Schmidt.

bildung 9y ago

Uber hasn't been able to show a single GAAP-profitable market anywhere, including cities in the US. Rates would have to be more than 100% higher just to archive break even. Scale economics of that magnitude are unheard of with physical products. Self-driving is essentially just a media stunt for them, just like amazons drone delivery news that pop up every year just before christmas. Just look at the numbers in this article[1] - they need scale economics of two times the cost of the driver of the cab to archive GAAP profitability, which, obviously, is impossible even with self-driving. [1] http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html#_edn4 http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...

codecamper 9y ago
GAAP profit? Who can show that??