Uber shake up : personal issues or massive losses
Uber does not communicate its financial results but several leaks in the past years have shown massive financial losses including in the US, its home market where it holds 80% of the market share, no significant technological advantages, no significant contractors retention (a lot of drives are happy to move to other platform for good reasons).
But it seems that no one talks about this when CEO is fired concentrating on personal issues.
So real question : was he fired because the company is losing massively and business angels are getting seriously afraid ? And is it an elaborate cover up to avoid a market drop in the share value ? If this is the case, why are we helping them ???
Many startup are building the future and have issues finding funds. Is Uber really disruptive ? Is it really needing all those billions ? Or is it a bubble ready to burst ???
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7yOne good question to Uber's investors is "can we expect a company focused on growth by breaking the rules behave and establish itself as a sustainable and respectable business ?"