I don’t know why this happened, but I have seen more companies implode due to situations that really have nothing to do with their business model. In the last few days, Uber has found itself in a situation that could literally close the company down.
I will try to detail what has happened but I have also included links to other stories that may tell the story better. See Business Insider.
Like many other companies, Uber has received its share of criticism as the service grew and became available in 45 countries and more than 200 cities worldwide. It is now valued at $18.2 billion.
Most companies grin and bear critiques from journalists, but apparently Uber wanted to fight back. At a recent industry event that included journalists, one of Uber’s senior executives admitted that the company was gathering information to discredit certain writers.
Uber has also been under fire by Sarah Lacy, of PandoDaily, for outrageous sexism woven deeply into the culture of the company. “We’ve seen it in the company’s PR team discrediting female passengers who accuse drivers of attacking them by whispering that they were ‘drunk’ or ‘dressed’ provocatively.”
Lacy and a host of other tech writers are calling for the resignation of CEO Travis Kalanick who has been quoted calling his company “boober” because of all the tail he gets since running it.”