I’m not quite sure I know what you mean. You mean like corporate raiders who buy and liquidate companies? If so, I don’t see how it applies here since Uber itself set up this subsidiary two years ago and merely got a Goldman Sachs loan to plump it up.
Ah. I misunderstood the connection. I’ll stand by the soapboxing, but it’s irrelevant to this thread, I guess. sry bt tht.
Just to give this a bit of a bump.
Looks like two top dogs at Uber are on the way out. One resignation and one leave of absence.
Distilling the article down I see that the higher-ups at Uber and running into real-world events that they can’t blow off and it’s costing them. They’ll be without a CEO, a COO, a head of engineering and a CFO.
I still take issue with the company having one of the highest values in the corporate world, too. With no track record of profitability and chaos at the highest levels more rounds of venture cap doesn’t lead to real value. It’s all vaporware. Smoke and mirrors convincing money people to throw more and more in.
Yep, it would look more and more like a Ponzi scheme but for the involvement of some very shrewd investors … maybe you put enough into Uber to keep it afloat and make your money indirectly.