3 ms·
What I really don't understand about Uber's legality issues is just how it is that their investors are able to get away with investing in that business. At som
by JonFish85 11y ago
What I really don't understand about Uber's legality issues is just how it is that their investors are able to get away with investing in that business. At some point if these lawsuits start taking a toll, shouldn't there be some sort of litigation around their investors who knowingly invested in a company doing some legally questionable things?
It happened to people who invested with Bernie Madoff; if you were getting outsized returns (e.g. the Wilpon family), there were clawbacks. Shouldn't the same apply if/when Airbnb and Uber start losing in court? Start fining the investors who clearly knew that the companies were living on the edge, legally speaking?
What about the $1.5bn that Uber is trying to get from a bank? Don't banks have to do a LOT of due diligence into businesses they are doing loans from? I can't imagine the "waste management" companies run by the Mob can get a huge loan from banks, even if they can pay a premium in interest charges. Why can Uber?