[fosk]

Of course Travis still thinks that, he is the founder. He cares about the long term survival of Uber, not about an exit event. Uber is in a complicated industry, in complicated times with very aggressive competitors. It just takes time, but somebody is unwilling to wait anymore.

The bird cannot fly, we already know that. They are crashing Uber against a wall and they just don't care. Do you know what's going to be the next word coming out of the new CEO? It's going to be "layoff". Whatever it takes to fix the books. And then what?

Then maybe Travis comes back to right the ship if it's not too late.

[frgtpsswrdlame]

But that doesn't really answer my question, which is what can delaying IPO actually do for them? I agree that the bird can't fly but I don't see how it's going to fly in 18 months or 80 months and I don't see a way around that. Uber exists in a market with no barriers to entry (it destroyed them) and it can't run a profit. Kalanick himself has said Uber needs self-driving but I'm a skeptic on that as well. It's 20+ years before there's going to be real, safe cars without drivers. Kalanick is delaying the inevitable, investors are trying to cash out before the public realizes self-driving is vaporware.