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Let me address your points 1) It's possible Tesla could enter the ride-sharing market. And it's possible they could win. But I won't download a Tesla app until
by valuearb 9y ago
Let me address your points
1) It's possible Tesla could enter the ride-sharing market. And it's possible they could win. But I won't download a Tesla app until their service is as good a Ubers, and that's a huge barrier to overcome.
Uber's advantage is their massive lead in installed apps and available drivers. If they lose that, then they'll be at risk. Some autonomous company may pull it off, but the far more likely route is that Uber adds autonomous fast enough that none can catch them.
3) I'm not arguing to add headcount to ride-share, I'm arguing to add focus to it. Having a CEO 100% focused on ride-share instead of CEO 50% focused on ride-share and 50% focused on autonomous/uberEats/100 other side hustles will trickled down through exec staff, directors, etc.
4) Starting over in HR is your first start. You can't have a culture where people were allowed to hide problems or protect bad employees. It starts in HR.
5) An IPO is fine. It's all about financing the business over the long term, so the new CEO will pick the best possible financing path. And reducing burn rate might be enough alone to do it, since Uber should still have billions left in the bank.
Let's be fair, the $60B valuation was really dumb and won't be seen again for a long time if ever. You can't count on having investors as dumb as the Saudi's again.