Their labor issues are hardly new. If you did not know about them when you invested in Uber, you didn't even read the news articles, yet alone the filings. You were supposed to price that in to your investment if you purchased.
Also, it's a public market. No one is "holding the bag". This may be true if Uber crashed before the IPO because private investors can't easily sell, but once on the public and liquid market, it is the public investor's own choice to invest or divest in these companies.
That's a pretty bold claim. What of all the reports of a toxic workplace? I've heard first-hand accounts.
So basically the workplace is toxic, but that's not the real reason why he was kicked out (according to the comment you were replying to).
I place some blame on the companies (and it is their responsibility to list potential risks in their public filings), but also it's somewhat the fault of buyers who scooped up millions/billions dollars worth of shares at sky-high valuations.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001543151/f0dcd9a...
Page 34 (by PDF count).
> Our business would be adversely affected if Drivers were classified as employees instead of independent contractors.
It’s not as if this information isn’t public. Everyone can see that Uber can’t make money.
I was under the impression that the markets that are mature for Uber were profitable, and they've been plowing capital into growth, hence the losses. Feel free to correct me if you have sources that show otherwise.
https://www.vox.com/recode/2019/8/21/20826405/amazons-profit...
Bezos has been clear from the start that he’s optimizing for FCF instead of profitability, you can read his early shareholder letters to see this.
In summary though, Amazon has been “making money” for ages, they just reinvest it in R&D so it doesn’t make it down to the bottom line.
I don't agree that investors should be protected from this (or from TSLA assertions), if you are investing you should be more sophisticated than buying stocks blindly, there is a risk to any investment and, obviously, that is why it can be so profitable.