snafu

Uber Shows World How To Fail

Uber Shows World How To Fail

Mere days after the world stood in awe of the 5-year old startup hailing from San Fransisco for being valued at $41.2bn by its investors, Uber managed not only to shoot itself in its feet, it also exposed one of the many short comings of its business model. In what the company calls a model built on capitalism, the world called an absolute tragedy this Monday and showed no restraint in its mocking condemnation. It seems I was right to have my skeptical hat on after all.