When things go wrong..... or.... Why A Leader Shouldn't Lie

[BeauV]

I'm not sure if you all follow what is happening to Uber, but it's an amazing example of what happens when the leader of a company (any organization for that matter) simply doesn't care if the team breaks the law, regulations, lies, steals, cheats, and breaks normal mores of decency.

About half of the senior executive have abandoned the place. Massive sexual harassment etc... seems to be going on. No one wants to be around when all this hits the fan.

The most recent setback is Uber getting sued by Google (now called Alphabet) for the blatant theft of intellectual property when they tried to launder IP lifted by the startup "Otto" from Google's car division. The founder and CEO of Otto is on "leave", the case is extremely strong, and the judge just asked the police to investigate what looks like criminal theft, as opposed to IP infringement. Time to buy the GIANT bag of popcorn, this is about to get good.

Article Here

[Orestes Munn]

Just glad I no longer have to feel like a chump for taking regular cabs.

[TheOffice]

Uber and AirBNB seem to think like our president. The arrogance is amazing! I use both occassionally, but would not want my money to be invested with either!

[Jamie]

There is always Lyft....

[BeauV]

Uber and AirBNB seem to think like our president. The arrogance is amazing! I use both occassionally, but would not want my money to be invested with either!

That raises an interesting question: "If you have made 4X your investment, do you sell now or hold on and hope for a 10X or 20X return on an IPO?"

I have two or three investor buddies who are pondering that question. There is a ready market for AirBNB and Uber private stock, they have made a good return, but not crazy good like the early investors. I'm not entirely sure what I'd do. I guess I'd shift to my average out process: Every time I have a solid buyer, I sell half of what I hold.

[kimbottles]

Uber and AirBNB seem to think like our president. The arrogance is amazing! I use both occassionally, but would not want my money to be invested with either!

That raises an interesting question: "If you have made 4X your investment, do you sell now or hold on and hope for a 10X or 20X return on an IPO?"

I have two or three investor buddies who are pondering that question. There is a ready market for AirBNB and Uber private stock, they have made a good return, but not crazy good like the early investors. I'm not entirely sure what I'd do. I guess I'd shift to my average out process: Every time I have a solid buyer, I sell half of what I hold.

Talk about a first world problem!!