More Uber crap

More Uber crap.

At some point, it would be great if there were actual consequences.

As an entrepreneur this is incredibly frustrating to me all of the shortcuts, unethical, brutal and just plain illegal shit that Uber does to "win".

It is from these extreme actions that you get the inevitable counter-movement of [too-heavy] regulation.

What we need is nimble, light regulation before things get too far out of hand.

At the very least the shareholders need to experience some severe pain - such as a 75% loss of capital -in order for the shareholders to be aligned with reigning in management.

And at a $70b valuation, I am not sure if even a 75% penalty is enough to dissuade these actions.

Perhaps dissolution of the corporate charter altogether, and declare their intellectual property in the public domain. Radical? Absolutely. But it would get the attention of General Counsels, CEOs, boards and most importantly the investors across the land.

Of course in these political days we are far, far from regulating the out of control post-sovereign corps. Really, it is in their own interest to play fair. At some point the table will be flipped, and the farther you push the red-line, the more violent the flipping.

https://www.nytimes.com/2017/03/03/technology/uber-greyball-program-evade-authorities.html?hp&_r=1

Originally posted on Facebook on March 03, 2017.