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While I agree there's a gap, TK was indeed sued for fraud: https://www.nytimes.com/2017/08/10/technology/travis-kalanick-uber-lawsuit-benchmark-capital.html htt

While I agree there's a gap, TK was indeed sued for fraud: https://www.nytimes.com/2017/08/10/technology/travis-kalanick-uber-lawsuit-benchmark-capital.html https://www.nytimes.com/2017/08/10/technology/travis-kalanic... That to some extent is based upon greyballing and other activities Uber did to defraud or skirt regulation. Moreover, Uber has effectively made employees out of many drivers while they were not treated like employees, and courts have forced payments-- that's not like disappearing deposits but since laborers were wrongly under-compensated it's effectively just as harmful. Had SBF somehow raised say just $1-2b, which seems to be what the gap will be for the recovery, I wonder if today he'd still be a billionaire and out of jail like TK and AN.

phire 3y ago
So... it turns out anyone can file a lawsuit for any reason. Doesn't mean it's true. This lawsuit was later dropped, so it seems to have been without merit. And it was part of a power struggle that happened on the Uber board after he resigned, not related to anything that happened while he was CEO, or any of the shitty things that Uber did. > Had SBF somehow raised say just $1-2b, which seems to be what the gap will be for the recovery, I wonder if today he'd still be a billionaire and out of jail like TK and AN. Well, yes. But only because he wasn't caught. Not being caught doesn't make the fraud legal.
- choppaface 3y ago
  > This lawsuit was later dropped, so it seems to have been without merit. Lol the lawsuit against TK was filed because he refused to resign. If the lawsuit was without substance, then Sunsan Fowler must have been a conspiracy and all the Greyballing evidence also faked like the moon landing. The top “victims” of FTX were VC speculator funds. Perhaps if TK had realized losses for Benchmark and Google like SBF did, then TK would be facing additionally wire fraud.

phire 3y ago

So... it turns out anyone can file a lawsuit for any reason. Doesn't mean it's true. This lawsuit was later dropped, so it seems to have been without merit. And it was part of a power struggle that happened on the Uber board after he resigned, not related to anything that happened while he was CEO, or any of the shitty things that Uber did. > Had SBF somehow raised say just $1-2b, which seems to be what the gap will be for the recovery, I wonder if today he'd still be a billionaire and out of jail like TK and AN. Well, yes. But only because he wasn't caught. Not being caught doesn't make the fraud legal.

choppaface 3y ago
> This lawsuit was later dropped, so it seems to have been without merit. Lol the lawsuit against TK was filed because he refused to resign. If the lawsuit was without substance, then Sunsan Fowler must have been a conspiracy and all the Greyballing evidence also faked like the moon landing. The top “victims” of FTX were VC speculator funds. Perhaps if TK had realized losses for Benchmark and Google like SBF did, then TK would be facing additionally wire fraud.