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A comment on Uber Founder Travis Kalanick Resigns as C.E.O.. Parent comment

Re:Uber Founder Travis Kalanick Resigns as C.E.O. by smt88 on Wednesday June 21, 2017 @01:52AM (#14601061)
So Travis created an insane valuation but the business isn't viable? That sounds like bad management to me. They may do much better without him.
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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by rokhayakebe on Wednesday June 21, 2017 @02:09AM (#14601159)
Keep in mind a company can be said to be valued at 100B today and 100M tomorrow yet everyone involved can still turn a profit.

What matter are: Cash In Bank, Cash Coming In, Burn Rate.

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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by smt88 on Wednesday June 21, 2017 @02:25AM (#14601268)
Agreed. My point is that the fundamentals don't live up to the valuation.
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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by viraptor on Wednesday June 21, 2017 @03:49AM (#14601743)
They were run in a way that assumed funding and burning money to get there. If they suddenly need to turn profitable, they can still downsize a lot. Consider their 2000 engineers... That's on an established service. Sure, they would slow down new features and expansion, but they've have expenses they can cut. And prices they can raise.
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