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From Reuters - FRB | Thu Mar 9, 2017 | 1:28pm EST
By Rob Cox | NEW YORK

http://www.reuters.com/article/us-uber-tech-management-breakingviews-idUSKBN16G2NS?

(Reuters Breakingviews) - Travis Kalanick is doing Uber investors of the future a potentially massive favor by remaining at the helm of the ride-sharing service. If Uber was a normal company, one exposed to a modicum of market discipline, it is hard to imagine a board of directors would let so impulsive an executive remain at the wheel.

There's a silver lining, though, to this flawed stewardship: every day that Kalanick sticks around reveals another flaw in Uber's business model, its corporate culture and its valuation. This may eventually save public shareholders from being sucker-punched someday.

Though its $68 billion private price tag suggests otherwise, Uber is not a conventional company and Kalanick still calls the shots. That may be a problem for investors who have injected billions of dollars of cash into the firm Kalanick founded in 2009 after a frustrating evening in Paris trying to hail a cab. Most of them are experienced enough to go along for the bumpy ride.

Sophisticated investors like Goldman Sachs, Google and the Saudi Arabian kingdom can shoulder the burden of transforming Uber into a properly managed company from its current adolescent guise. Kalanick might be able to steer Uber in that direction, with guidance, patience and a seasoned deputy. But his antics to date suggest a low probability he will succeed. Either way, it is far better to give that a whirl before selling shares to widows and orphans as did Snap, an even more jejune startup, whose stock has tumbled 25 percent since peaking after its market debut last week.


89th Academy Awards - Oscars Vanity Fair Party - Beverly Hills, California, U.S. - 26/02/17 - Uber co-founder Travis Kalanick. REUTERS/Danny Moloshok - RTS10HMR
 

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Why does it matter if he stays or leaves? The business and entity is rotten to the core. Like a new boyfriend or girlsfriend you fall in love with only to find out its completely evil short time later
 

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From Reuters - FRB | Thu Mar 9, 2017 | 1:28pm EST
By Rob Cox | NEW YORK

http://www.reuters.com/article/us-uber-tech-management-breakingviews-idUSKBN16G2NS?

(Reuters Breakingviews) - Travis Kalanick is doing Uber investors of the future a potentially massive favor by remaining at the helm of the ride-sharing service. If Uber was a normal company, one exposed to a modicum of market discipline, it is hard to imagine a board of directors would let so impulsive an executive remain at the wheel.

There's a silver lining, though, to this flawed stewardship: every day that Kalanick sticks around reveals another flaw in Uber's business model, its corporate culture and its valuation. This may eventually save public shareholders from being sucker-punched someday.

Though its $68 billion private price tag suggests otherwise, Uber is not a conventional company and Kalanick still calls the shots. That may be a problem for investors who have injected billions of dollars of cash into the firm Kalanick founded in 2009 after a frustrating evening in Paris trying to hail a cab. Most of them are experienced enough to go along for the bumpy ride.

Sophisticated investors like Goldman Sachs, Google and the Saudi Arabian kingdom can shoulder the burden of transforming Uber into a properly managed company from its current adolescent guise. Kalanick might be able to steer Uber in that direction, with guidance, patience and a seasoned deputy. But his antics to date suggest a low probability he will succeed. Either way, it is far better to give that a whirl before selling shares to widows and orphans as did Snap, an even more jejune startup, whose stock has tumbled 25 percent since peaking after its market debut last week.


89th Academy Awards - Oscars Vanity Fair Party - Beverly Hills, California, U.S. - 26/02/17 - Uber co-founder Travis Kalanick. REUTERS/Danny Moloshok - RTS10HMR
What a nice suit. Suit itself prolly would take 100 uber drivers 1 week paycheck put together to afford that ;)
 
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