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Bill Gurley Is Leaving Uber’s Board

(www.nytimes.com)
198 points 101carl | 1 comments | 22 Jun 17 00:23 UTC | HN request time: 0.205s | source
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johan_larson ◴[22 Jun 17 01:32 UTC] No.14609498[source]▶
I remain flabbergasted by all of this upheaval at Uber. What's happening is the sort of housecleaning I would expect if the company had to file for bankruptcy or got caught flat out bribing judges or something. But really, what triggered all this was acting like jerks.

It seems to me, what should have happened (a long time ago) was that they got shut down for systematically breaking the law, or encouraging others to do so. That would have made sense.

But instead they are getting flayed alive by not much more than bad press for being jerks. Makes no goddamn sense.

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1. DanielLawhon ◴[22 Jun 17 02:21 UTC] No.14609683[source]▶
I think a lot of the maneuvering that's happening now is prompted more by TK's seeming unwillingness to make sincere changes (and that's always worse than the initial mistake), but more importantly Uber's financials are still utter garbage right now and changes need to occur for that to be fixed in time for them to find the next Saudi Arabia that'll invest another $3.5B for them to keep the lights on for another year.