10/19/18

Uber Uber Uber alles

The hype has begun on the Uber 2019 IPO – initial public offering of stock.

A Wall Street Journal article suggests that underwriters are whispering that the number is $120B – $120,000,000,000.

Of course, this is what’s called the “courtship” proposal — guys (the usual suspects Morgan Stanley, Goldman Sachs) looking for the assignment telling the prospective client what they want to hear to get the job; still it is a huge number.

Uber CEO Dara Khosrowshahi has said the company is aiming for an IPO in the second half of 2019.

New CEO, Dara Khosrowshahi, likes the big number and says, “Bring it.”

Why does this trouble you, Big Red Car, you ask? Let me tell you.

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09/14/18

UBER

Big Red Car here – I don’t qualify for Uber because I’m too damn cute. Sorry, Uber. Doesn’t mean I can’t love Uber from afar. [Been cheating on my Uber-affaire with Lyft. Don’t tell anybody.]

The Bevo loves Uber and the Big Red Car. Big Red Car poses for a selfie with the Bevo on the occasion of beating the crap out of Tulsa. OK, squeaking past Tulsa, thanks, place kicker.

So, what’s going on over at Uber?

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06/7/18

Rebuilding a Reputation – Uber, Uber, Uber

Let’s talk reputation, shall we?

Big Red Car here on a dark and lonely Thursday morning. Hope you are well.

So, today, we talk about Uber’s latest attempts to rebuild its pathetic reputation.

Unless you have been summering over at the South Pole, you know that Uber has replaced its founder/CEO Travis Kalanick with Dara Khosrowshahi.

Uber’s board of directors hopes that Dara K can repair the reputation destruction wrought by Travis K. [Next in the chain of succession is Coach K?]

Read this:

Dara the K, new Uber CEO

That is a hard task. How do you rebuild a reputation which is in tatters? Tatters flavored by lawsuits? Class action lawsuits.

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06/13/17

Uber Meltdown

Big Red Car, which is not involved with Uber as a car or a driver, here on a slightly cloudy day with a warmer afternoon promised. Hey, it’s June and it’s Texas.

So, Uber is having a tough time. The entire leadership is melting down. Huh?

As we chat, dear reader, Uber has just dismissed its #2. [Note, the Big Red Car is not going to name names even if you already recognize the plight of Emil Michael, the bonehead who famously wanted to use the Uber travels of journalists to their disadvantage.]

Uber VP pic

So, as we write Uber has vacancies at COO, CFO, CMO, general counsel, and now at #2. There is talk of the CEO, Travis Kalanick taking a “leave of absence” to deal with a personal tragedy — the death and critical injury of his mother and father respectively in a boating accident. Condolences.

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03/20/17

Uber – Cultural Wheels Falling Off?

Big Red Car here on a slightly cloudy Texas day. It is a good day because The Boss’s North Carolina Tarheels prevailed while the wicked Dukies were defeated by the valiant South Carolina Gamecocks. Go to Hell, Duke. [The Heels didn’t exactly cover themselves in glory, but they won and they advance.]

Duke loses

Duke’s Grayson “Tripper” Allen catches a glimpse of the scoreboard which says: “Y’all are losers, Dukies.” OMG, is that sweet or what? [Full disclosure, the second the Tarheels are out of the Dance, the Big Red Car is all, “Go Duke!”]

So, “Uber Uber Uber alles, Uber alles in der Welt” is having a few cultural issues. Recognize them for what they are — cultural challenges which start at the top.

Cultures are defined by the VALUES of the top dog. Lots of folks want to believe that culture comes mythically from the Culture Fairy, but, alas, that is not so. The CEO (founder) defines the culture when he unpacks his values in his fancy new office.

Therein lies the problem at Uber. The top dog, one Travis Cordell Kalanick has some very questionable values. No, let’s not say that. Let’s explore what’s happening over there at Uber and let you decide. So, no judgmental nonsense from the Big Red Car. You decide.

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12/18/13

Technology and Predatory Pricing, the Uber Story

Big Red Car here.  Ahhh, 70F and sunny in the ATX.  You know that’s pretty damn sweet, ya’ll.  On Earth as it is in Texas, indeed.

The Boss is still skiing in Steamboat and he’s reporting 35F and sunny — sunburn, Boss.  Get the SPF working for you.  Sunscreen, the most dependable service available and the best advice ever.

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