Re:Uber Founder Travis Kalanick Resigns as C.E.O.
by Applejinx on Wednesday June 21, 2017 @05:27AM
(#14602271)
Their valuation is entirely and utterly founded on the idea of growth, and that there is no other path. They have absolutely no chance of turning around and telling Wall Street, of all people, that it's time to pause. Wall Street only loved them when they moved fast and broke everything there was to break.
This is death. I mean, it's sensible talk, in another context it would be seen as enlightened, in a larger sense it's the right answer.
Uber aren't IN another context. They depend completely on Wall Street continuing to think they are the biggest shark that ever sharked, and now that's ruined and the only big investment opportunities are in betting AGAINST Uber. Most likely the smartest money is already out.
This is death. Shouldn't be, in a more sensible context, but it absolutely is. You can't tell Wall Street 'it is time to think sustainability' when they bet on you eating the goddamn world for them.
This is death. I mean, it's sensible talk, in another context it would be seen as enlightened, in a larger sense it's the right answer.
Uber aren't IN another context. They depend completely on Wall Street continuing to think they are the biggest shark that ever sharked, and now that's ruined and the only big investment opportunities are in betting AGAINST Uber. Most likely the smartest money is already out.
This is death. Shouldn't be, in a more sensible context, but it absolutely is. You can't tell Wall Street 'it is time to think sustainability' when they bet on you eating the goddamn world for them.