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A comment on Uber and Lyft ordered by California judge to classify drivers as employees. Parent comment

Re:Uber and Lyft ordered by California judge to classify dri... by cocktailpeanuts on Monday August 10, 2020 @07:29PM (#24115438)
To be fair, the founder didn't want to do IPO and according to rumors that was the reason why he was kicked out. All the toxic workplace stuff was just a narrative tool to make it happen more easily.

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.

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Re:Uber and Lyft ordered by California judge to classify dri... by aggie on Monday August 10, 2020 @07:32PM (#24115464)
> All the toxic workplace stuff was just a narrative tool

That's a pretty bold claim. What of all the reports of a toxic workplace? I've heard first-hand accounts.

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Re:Uber and Lyft ordered by California judge to classify dri... by belval on Monday August 10, 2020 @08:07PM (#24115747)
I think he was arguing that the execs at Uber didn't really care about the toxic workplace stuff until Uber's founder said he didn't want to IPO, then they used it as a way to kick him out.

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).

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Re:Uber and Lyft ordered by California judge to classify dri... by neuroanalysis on Monday August 10, 2020 @10:34PM (#24116642)
He effort you have him ousted was led by Bill Gurley of Benchmark and several other VC investors in Uber. Essentially the board asked him to step down and he did.
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Re:Uber and Lyft ordered by California judge to classify dri... by cocktailpeanuts on Tuesday August 11, 2020 @07:04AM (#24119094)
If you look it up, there are plenty of articles of rumors saying that the VCs schemed to kick him out because they wanted to IPO and the founder didn't.
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Re:Uber and Lyft ordered by California judge to classify dri... by strangeloopworm on Tuesday August 11, 2020 @04:50AM (#24118461)
I mean if you expected a founder to be ousted partly because of not wanting to do an IPO, you'd expect the VCs to be the ones behind it no?
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