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I think it was the other way round. Investor scrutiny on Uber increased after it became clear they were gonna IPO. When it became evident that Uber couldn’t mak
by addicted 7y ago
I think it was the other way round. Investor scrutiny on Uber increased after it became clear they were gonna IPO. When it became evident that Uber couldn’t make money to justify their valuation (and potentially not make money at all), the justification became self driving cars.
When it became clear Uber’s self driving cars weren’t happening, and Travis personally had greatly compromised the possibility of it working out, Travis was forced to leave.
IOW, Travis’s leaving was driven by the increased scrutiny when it became clear Uber needed to IPO, and needing to IPO meant Uber couldn’t continue losing money like they did which led to them having to make changes which meant customers weren’t as happy with them anymore.