News for hackers. Stuff that matters.
Re:The rise of super-voting shares has given founders the ul... by crdb on Friday April 07, 2017 @03:32AM (#14057830)
It makes it more painful, but shareholders can sue management and the board if their interests are not represented (see the numerous lawsuits against Yahoo). Or in other words "when there's a will there's a way".

The real reason they won't replace him is that he built a unicorn from nothing for them, making them very rich and cool in the process (imagine being able to say "I was an early stage investor in Uber"), and by all accounts he has not changed, with Uber being run as a large, efficient company that delivers globally with McDonald's level reliability.

Investors also know that what people say and do are very different things. In aggregate, customers will publicly complain and say they will take Lyft, but privately will vote with their wallet (after all who sees what you book), in the same way that publicly they decry energy wastage whilst they take holidays on other continents and drive SUVs to their giant McMansion. I literally cannot think of a company that "won" by promoting its ethical competitiveness, beyond conquering the few percent of the market who can afford to care and care enough to pay a premium. I wonder how many of the #DeleteUber reinstalled it quietly a few weeks later. The public has a very short memory - as a Frenchman I remember being called cheese-eating surrender monkey by the same Brits who today protest against "American imperialism".

Governments won't do anything since Uber has tons of positive externalities such as reduction in drunk driving, creation of many part time unskilled jobs and generally electorate happiness in having a reliable and affordable taxi service. They think in terms of net welfare and a few Californians having some issues at work is the least of their worries.

Re:The rise of super-voting shares has given founders the ul... by johncolanduoni on Friday April 07, 2017 @04:30AM (#14058113)
Group rides are a big market for ride sharing, so even if people only drop Uber for those and still use it privately that could be a big hit.
Re:The rise of super-voting shares has given founders the ul... by vivekd on Friday April 07, 2017 @04:40PM (#14063334)
>I literally cannot think of a company that "won" by promoting its ethical competitiveness,

Just off the top of my head there's starbucks whose main marketing innovation when they opened up was that they use only "fair trade" beans. And there's American Apparel, which despite the recent controversy, started off with the marketing promise that they are sweatshop free.

I don't know how much ethics matters, but certainly it matters to some extent.

Re:The rise of super-voting shares has given founders the ul... by philippoi on Saturday April 08, 2017 @02:11AM (#14065579)
> Governments won't do anything since Uber has tons of positive externalities such as... ...They think in terms of net welfare and a few Californians having some issues at work is the least of their worries.

That's not all that's at play and ultimately, Denmark did do something: https://techcrunch.com/2017/03/28/uber-to-pull-out-of-denmar...

Re:The rise of super-voting shares has given founders the ul... by cr0sh on Friday April 07, 2017 @01:32PM (#14061694)
> I wonder how many of the #DeleteUber reinstalled it quietly a few weeks later.

I can't say I was a part of that hashtag "mob", but I got rid of it and haven't considered it since. Furthermore, even though they are one of the potential employers on the Udacity SDC Engineer Nanodegree "shortlist" - assuming I make it that far - I won't be sending my resume their way (or Otto's way, I guess); to me it seems like a toxic culture I want no part of at this moment.

Could they change? Sure - right now it is too early to tell, but I have noticed movement in that direction. They still have a long way to go, though. I'm not hitching myself to that boat just yet.

> The public has a very short memory

I understand that I am an exception to the rule, nor do I really consider myself a part of the "general public"; simply being a poster here sets anyone apart from that particular grouping, generally.

My memory about some things tends to run longer; Nadella's gestures to the open-source community aside, I am still wanting an apology for Microsoft's former business practices, especially their hostility toward Linux. I know I will never get it.

Secondly, I am still rather angry over how, a few years back, the Susan B. Komen Foundation did this:

http://freethoughtblogs.com/blaghag/2012/01/do-not-donate-to...

...don't think I'll ever forgive that one.

Re:The rise of super-voting shares has given founders the ul... by 5thaccount on Friday April 07, 2017 @11:46PM (#14065188)
> but I got rid of it and haven't considered it since ... I won't be sending my resume their way

From the Parent:

> beyond conquering the few percent of the market who can afford to care and care enough to pay a premium

That's pretty much a confirmation of the stated view - only people "who can afford to care". And by "afford to care", I'm gonna go out on a limb and say that is (with 99.9% likelihood) someone who posts on Hacker News and could send their resume to Uber (but won't).

Re:The rise of super-voting shares has given founders the ul... by mankash666 on Friday April 07, 2017 @03:07PM (#14062618)
Who's to say you'll crack the interview? They're a tough cookie to crack, regardless of your views on them, so this whole "I won't apply" doesn't really matter.

And, for how much they pay, they'll easily find a good/better coder anyways. Everything has a price, and if bad culture can be compensated with a big(ger) paycheck, people will continue to work and apply there.

Re:The rise of super-voting shares has given founders the ul... by mrep on Friday April 07, 2017 @04:09PM (#14063112)
> customers will publicly complain and say they will take Lyft, but privately will vote with their wallet

I don't know about everywhere else, but i consistently find lyft to be cheaper than uber for rides here in Seattle.

Re:The rise of super-voting shares has given founders the ul... by taway_1212 on Friday April 07, 2017 @08:31AM (#14059078)
> making them very rich and cool in the process (imagine being able to say "I was an early stage investor in Uber")

Are there really people who think being an investor is cool ?

Re:The rise of super-voting shares has given founders the ul... by RodericDay on Friday April 07, 2017 @10:44AM (#14060066)
Only in this tech bubble and in cities swallowed by it like SF.

If you live somewhere with a healthier balance of careers where not everything is focused around tech, it would come off as incredibly dull and tone-deaf.

Re:The rise of super-voting shares has given founders the ul... by taway_1212 on Friday April 07, 2017 @03:57PM (#14063041)
Yeah, that's my reception as well, that's why I was surprised. Sure, investing requires skill and can get you very rich - but so does running a garbage truck company. I would assume that for most people, jet fighter pilots are cool, rock stars are cool, footballers are cool, even some poker pros are cool - but not investors.
Re:The rise of super-voting shares has given founders the ul... by Godel_unicode on Friday April 07, 2017 @10:22AM (#14059849)
Interesting question to ask on a site predominantly composed of people who have/want investment, run by a company which has invested in some really cool companies.
Re:The rise of super-voting shares has given founders the ul... by thatcat on Friday April 07, 2017 @01:12PM (#14061518)
Contributing to something valuable is the coolest.
Re:The rise of super-voting shares has given founders the ul... by SNwaiga on Friday April 07, 2017 @05:25AM (#14058328)
" customers will publicly complain and say they will take Lyft, but privately will vote with their wallet "

Exactly, public opinion doesn't really have any weight anymore.

Re:The rise of super-voting shares has given founders the ul... by snowwrestler on Friday April 07, 2017 @10:56AM (#14060182)
That sentence doesn't mean that public opinion doesn't have weight.

It means that public opinion is complicated because people can hold more than one idea in their head at once.

Re:The rise of super-voting shares has given founders the ul... by TeMPOraL on Friday April 07, 2017 @05:52AM (#14058426)
Did it ever? That it has sounds mostly like a lie told to the public to placate it.
Re:The rise of super-voting shares has given founders the ul... by nebabyte on Friday April 07, 2017 @10:37AM (#14059982)
It's sort of the "why it works on paper" for capitalism. Nominally, it plus low barriers to entry/conversion plus anti-anticompetitive mechanisms/trust-busting/etc lead to power structure wherein only businesses which keep their customers happy thrive.

In practice, network effects/'brand name' recognition/QA make for a generally reliable customer base from those who don't remain informed or care about your policies/practices or are just used to your product, and that's even before high barriers to entry and other market factors limiting competition to those who engage in the same cost-cutting-oriented models and so end up optimizing the same way.

TL;DR: Probably not.

Re:The rise of super-voting shares has given founders the ul... by bigtimeidiot on Friday April 07, 2017 @11:45AM (#14060625)
>making them very rich

Uber is a private company that, from everything I've read, is bleeding money and currently getting a ton of bad press.

How has it made anyone rich (yet)?

Re:The rise of super-voting shares has given founders the ul... by limeyx on Friday April 07, 2017 @03:32PM (#14062841)
Probably the founders took millions off the table at each funding round while denying this opportunity to the rank and file