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investors

  1. BurgerTiime

    Here’s the Uber Investor Letter That Forced Travis Kalanick Out

    https://www.finance.yahoo.com/amphtml/news/uber-investor-letter-forced-travis-201528295.html Dear Travis: On behalf of Benchmark, First Round Capital, Menlo Ventures, Lowercase Capital, and Fidelity Investments, we are writing to express our profound concerns about Uber’s future, its...
  2. Single Malt

    What Happens To Fares After The Uber IPO?

    It's hard to believe there are enough suckers for Uber to pull off a successful IPO. However it looks like this is a real possibility. But make no mistake, the IPO has nothing to do with setting up a framework to make Uber into a profitable company, it's the investors trying to dump this turd on...
  3. Uber Annie

    Enough is Enough STOP Robbing DRIVERS & RIDERS

    Uber drivers have been taken advantage of over and over again. From flooded markets, fake surges, no increase in rates with gas increases (Uber got theirs), to now a broken app and testing in markets with low pay. It is time for Drivers to Unite and make a stand, United! We will coordinate...
  4. tomatopaste

    Uber has no more cards to play

    Uber's business model has always been broken. However until the fatal Uber self driving car crash, there was still a glimmer of hope for Uber's survival. Not anymore. It's clear Uber will never be able to produce a commercial self driving car system able to compete with the Waymos of the world...
  5. MHR

    Strange Things at Uber Keep Getting Stranger

    Strange Things at Uber Keep Getting Stranger The ride-hailing company just creates its own financial reality. By Matt Levine March 11, 2018, 9:00 AM EDT An existential battle. Photographer: Brent Lewin/Bloomberg via Getty Images This post originally appeared in Money Stuff. I like to say...
  6. H

    Powerzones are all different, per driver

    Some drivers have 200% powerzone, and some get 20% all mapped out in different locations with different prices- hardly seems fair, to say the least. This is complete discrimination, some zones are in Mid city far away, and I been asking other drivers to see their locations, and they are all...
  7. BurgerTiime

    Uber losses widen to the tune of $743 million last quarter

    https://www.cnbc.com/2017/11/29/ubers-third-quarter-loss-widens-to-743-million.html Losses were up 14 percent from the previous quarter. Uber's quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The...
  8. tomatopaste

    Uber's balancing act: We're not a taxi. Ok you got us, we're a taxi.

    Uber's always been a taxi service. They just hid behind ridseshare to undercut taxis and screw drivers. Now the Volvo deal to buy 24 thousand cars forces Uber to admit what they've always been, a taxi service. Uber had no choice. They had to admit to investors they were going to ditch the...
  9. BurgerTiime

    Uber’s “Peace Deal” is ready for signing, allowing SoftBank tender offer to proceed

    https://www.recode.net/2017/11/12/16640530/uber-peace-deal-ready-for-signing-allowing-softbank-tender-offer-to-proceed A “Peace Deal” to settle an ugly boardroom war at Uber is expected to be signed today or tomorrow. If all goes well — and this is a big if still since, well, Uber — it should...
  10. BurgerTiime

    Uber investors to former CEO: We’ll sue you if you don’t vote how we want

    https://arstechnica.com/tech-policy/2017/10/2-uber-investors-try-to-keep-supervoting-power-on-board-of-directors/
  11. BurgerTiime

    Uber faces yet another lawsuit but this time from.

    https://www.vanityfair.com/news/2017/09/ubers-legal-nightmare-takes-another-turn UBER’S LEGAL NIGHTMARE TAKES ANOTHER TURN This time, a Texas city’s firefighter pension fund is claiming the company and Travis Kalanick misled them. VanityFair 9/26/17 by Maya Kosoff After a year spent...
  12. Maven

    The Uber Dilemma

    https://stratechery.com/2017/the-uber-dilemma/ The Uber Dilemma Monday, August 14, 2017 By Ben Thompson _____ Long, detailed analysis using game theory, of Uber, venture capitalists, and the current boardroom battle to name the next CEO.
  13. tomatopaste

    Only Kalanick could have gotten Uber to this point; wrong. Well, maybe not wrong, but...

    Maybe it's true that only Kalanick could have gotten Uber to this point. But is this the point anyone, especially investors, wants to be in? Kalanick burned through billions of dollars of other people's money. We've reached the point where the other people are saying, no mas.
  14. Maven

    Lyft raises $600M amid Uber's crises

    CNNMoney (New York) First published April 11, 2017 by Sara Ashley O'Brien It's good to be Lyft right now. The company announced on Tuesday that it has raised a fresh $600 million from investors. The new funding bumps up Lyft's valuation to $7.5 billion -- still far short of Uber's estimated...
  15. Maven

    Lyft Up while Uber Down

    Lyft is taking advantage of Uber's many problems. They're going to raise more money from the same type of people that have been bankrolling Uber, but are now getting jittery that Uber is in final meltdown...
  16. Maven

    Cocaine and Sexism at Uber

    If you are of the opinion that Uber treats its independent-contractor-drivers poorly then consider what is done to their employees. I wonder if the Greenlight Hubs are any better. Cocaine and groping — bombshell report on Uber's work environment makes it sound awful and full of bros...
  17. BurgerTiime

    Two angel investors in Uber say efforts to change company culture from within didn't work

    Uber displayed "toxic patterens" http://www.cnbc.com/2017/02/23/two-angel-investors-in-uber-say-efforts-to-change-company-culture-from-within-fell-on-deaf-ears.html Two early investors in Uber said their efforts to change the company's "aggressive" culture from within haven't worked, and thus...
  18. N

    New company idea looking for suggestions

    I think we should start a new company. I'm tired of Uber and lyft stealing money from us from bad calculations and when we work so hard we get so little and it's not right that they take the money from the passengers also especially with all the surge prices it's confusing for people. -We...
  19. BAKAD

    Uber & Lyft Cracks are starting to show

    Today on CNBC ,the business channel, an investor was asked about what he thought of Uber saying Lyft is only worth 2 Billion. He said who cares what Uber thinks they have nothing to do with Lyft's evaluation. The investor went on to say: Both companies have a problem. Their strategy of...
  20. RightTurnClyde

    Fantasy of Driverless Cars

    As of now, independent contractors bear the total cost of car loans/vehicle purchase price, fuel, maintenance, depreciation, insurance, licensing, etc.. As well as the responsibility of avoiding accidentally damaging or destroying the lives and property of others. Uber is now going to assume...
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