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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 Cacti on Wednesday June 21, 2017 @07:59AM (#14602908)
Yeah. The whole driverless car thing with Uber is such a load of crap. It wasn't even in the plan until they started hemoraging money and had to come up with some excuse to keep investors on board. And by that point they were late to the game.

Uber as a play on driverless cars is a smokescreen to distract people from the fact they have little advantage over other companies and can't for the life of them turn a profit.

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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by rubicon33 on Wednesday June 21, 2017 @12:32PM (#14605278)
> they have little advantage over other companies and can't for the life of them turn a profit.

At this point why doesn't Uber just lay off a HUGE portion of their staff and kill the R&D. It's hard to imagine if they downsized significantly and quit investing in self driving cars, that they couldn't tip the needle into profitability.

Isn't that a fairly common move for a startup? Burn money to get off the runway, then downsize to stabilize?

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