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Comment by lettergram | Hacker News Reader

They have three lawsuits that can sink the company, given their runway.

They now have next to no leadership, and they still have no clear path to making money.

Their board is up in arms, their CEO stepped down, but still has full control.

If they want investment, it's going to be a down round. And their CEO will have to give up a significant chunk of the business. Even then, idk who else is left with the capital they'd need.

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All this shakeup at the top, but will it affect anything on the ground? I'm still going to take an Uber this weekend and no one not in tech that I know will even hear about any of this, let alone know who the CEO is.

Sounds like they are trying to cleanup their image, then will get back to expanding their already massive reach they have in their cities they are already in around the world.

Travis' resignation was the lead story on Nytimes.com and on the front page of the Washington Post. This isn't just a niche story anymore.

Sure, but is the company going to implode from this? I wouldn't think so. They are already massive and seem to be just cleaning house at the top to try and shed their lawbreaking image, and now move into phase two: become legitimate and grow even further while being more mindful and cooperative with city regulations, where it benefits them.

Second this,, why would any who uses Uber take into account the internal turmoil happening within the company when they decide to use the app or not?

The costs of Uber going up or decrease in availability of drivers should matter more.

Drivers only care about their bottom line which is rate per mile/time and frequency of riders.

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