Bill Gurley Is Leaving Uber’s Board

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.

> caught flat out bribing judges or something.

I mean, pretty close: http://www.latimes.com/business/technology/la-fi-tn-uber-gre...

They also have that Otto thing: https://www.wired.com/2017/05/googles-fight-uber-takes-turn-...

Oh and yeah, and with the push to #deleteuber and the massive amount of cash Uber's burning (or was), I can't imagine they wont be bankrupt soon[1].

[1] http://www.vanityfair.com/news/2017/04/uber-is-losing-an-ins...

> and the massive amount of cash Uber's burning (or was), I can't imagine they wont be bankrupt soon

let's wait and see what the q2 numbers look like before we start declaring the patient dead.

The (for some reason) publicly reported q1 losses of 700m, were (was?) ~33% better than q4 2016 (1b). if the (presumably) publicly reported q2 numbers are in the neighborhood of 500m, you'd be looking at real growth.

Quarter ends in 2 weeks and the q1 numbers were (for some reason) released right when q1 ended, so maybe we don't have to wait too long.

Part of that is seasonal, cold = more taxis.

It's these types of comments that demonstrate how ignorant the doomsayers are about Uber's business. The doomsayers start with their desired failure outcome and work their way back to the present instead of seeing the myriad ways they could not be more wrong.

In this case, Uber is an international business that operates in the northern and southern hemisphere and many places with other relevant weather patterns like rainy seasons and dry seasons. The seasonality at this point is likely almost entirely smoothed out by the sheer number of places they operate in globally. The US market might be larger and more mature, but many international markets have largely caught up now.