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I have an Uber T-shirt if you're interested.

• objektif 7y ago
  Shots fired. Its not unbelievable tbh.
  • chx 7y ago
    Depends. If they lose to AB5, it's immediately over. You see, Uber is not a cab company masquerading as a tech company. No, it has become the latest attempt in a very long list of various form of attempts to essentially roll back the New Deal, undo all the progress organized labor made. Recommended reading: Invisible Hands by Kim Phillips-Fein, this covers the first few decades closing with Reagan (and almost starting with him, too). https://www.wwnorton.co.uk/books/9780393337662-invisible-hands-f4184038-84b9-40b1-a06f-54a7867e2157 https://www.wwnorton.co.uk/books/9780393337662-invisible-han... If you consider it from that angle, then pouring billions into it is not that much of an investment. But if AB5 forces Uber to make their drivers employees then the "gig economy" is practically over and with it, Uber as well.
    • CamperBob2 7y ago
      Or, it could just be a perfectly natural market response to blatant regulatory capture and customer abuse on the part of the incumbent taxicab industry.
      • StavrosK 7y ago
        The problem is that it's both.
      • chx 7y ago
        > natural market response with 5.2B quarterly loss and no path to profitability, natural market, sure, sure.
        • objektif 7y ago
          Well the response is natural. Successfull? Hell no.