Uber’s CEO has resigned, not unexpectedly, but unexpectedly quickly- they also lack a slew of other C-suite operatives, is this a sign that these insiders really did know that Uber had no conceivable path to profitability.
Its business model has been based on a massive internal contradiction: using a ginormous war chest to try to achieve a near-monopoly position in a low-margin, mature business that is fragmented geographically and locally.… Read more