5 ms·

Step 1: sabotage any worker rights established by pushing workers into freelance/self-employed work. Step 2: keep the money for labour costs in your pocket and

Step 1: sabotage any worker rights established by pushing workers into freelance/self-employed work. Step 2: keep the money for labour costs in your pocket and become a unicorn because people with cash want to bet on the removal of worker rights. Step 3: profit Step 4: do some lame PR, still keep the cash. Change nothing. Because others have to do that. Just not you. All you needed was the money. Companies following that model should not have a high valuation because they exist on borrowed time. Extorting money from a system does not make your business profitable at all, it just prolongs death. Also... is it just me or does Uber seem highly ineffective in operations considering the amount of engineers needed for running the business?

coldcode 6y ago
Uber is not a successful for-profit business in the long run as they make no profits; given free money to be able to subsidize what costs there are (and operating on the backs of people who make little themselves) can exist for a long time before failing. In the meantime richly paid executives and well paid employees can milk it for a long time.
- mnky9800n 6y ago
  And it's not like they become poor or suffer any real consequences when their company fails after never having produced profit ever.
  - papito 6y ago
    Capitalism without risk is da shizzle, yo.
- marenkay 6y ago
  Exactly what I was referring to. The whole business is broken, it is merely a bet on removing worker rights in the long run and that is what it is valued for.
papito 6y ago
I think the idea is to dominate the market and become the primary player, if not the player, in the driverless economy. The problem is, many players are angling for this - Google, Apple, Amazon, Tesla. If you are not efficient and frugal enough, you won't even make it. Also, those other companies have actual viable sources of income, while Uber is at the mercy of VCs.

coldcode 6y ago

Uber is not a successful for-profit business in the long run as they make no profits; given free money to be able to subsidize what costs there are (and operating on the backs of people who make little themselves) can exist for a long time before failing. In the meantime richly paid executives and well paid employees can milk it for a long time.

mnky9800n 6y ago
And it's not like they become poor or suffer any real consequences when their company fails after never having produced profit ever.
- papito 6y ago
  Capitalism without risk is da shizzle, yo.
marenkay 6y ago
Exactly what I was referring to. The whole business is broken, it is merely a bet on removing worker rights in the long run and that is what it is valued for.

papito 6y ago

I think the idea is to dominate the market and become the primary player, if not the player, in the driverless economy. The problem is, many players are angling for this - Google, Apple, Amazon, Tesla. If you are not efficient and frugal enough, you won't even make it. Also, those other companies have actual viable sources of income, while Uber is at the mercy of VCs.