Newsweek

How Uber Could End Up As Silicon Valley's Biggest Crash

A dysfunctional culture, bad press, a sketchy financial outlook, dissatisfied employees: Can the on-demand transport originator reform and become an enduring company?
Travis Kalanick, billionaire and chief executive officer of Uber Technologies Inc., pauses during the opening of "Startup Fest", a five-day conference to showcase Dutch innovation in Amsterdam, the Netherlands, on May 24, 2016.
03_17_Uber_01

Just a year ago, Uber reigned as the tech industry’s awe-inspiring, all-powerful Wizard of Oz. But lately, the curtain is being pulled back to reveal a guy who’s more like an angry drunk frantically yanking levers while taking roundhouse swings at the Tin Man and propositioning Dorothy.  

Uber is in a whole lot of bad right now, and there’s growing concern that it’s about to melt down like a haywire nuclear reactor, which would leave a crater in the heart of Silicon Valley. Uber gave us on-demand transportation. Countless people all over the world love this new kind of service. The category is only going to get bigger. But it’s possible it will do that without Uber.

Rotten Culture, Bad Press

At the heart of Uber’s trouble is its culture, which seems to have been born from a one-night stand between John Belushi’s crude in and Ayn Rand’s hypercompetitive Hank . That culture got put on public a blog calling out Uber’s rotten treatment of women and its general dysfunction. The place is so cutthroat, she wrote, “it seemed like every manager was fighting their peers or attempting to undermine their direct supervisor so that they could have their direct supervisor’s job.”

You’re reading a preview, subscribe to read more.

More from Newsweek

Newsweek1 min readInternational Relations
Senseless Strike
Mourners gather at Saif Abu Taha’s funeral on April 2. Taha and six other World Central Kitchen staff members were killed the prior night in an Israeli drone strike. The Israel Defense Forces took responsibility for mistakenly targeting the convoy, c
Newsweek6 min readInternational Relations
No End Game in Sight
ISRAEL HAS UNDOUBTEDLY WEAK-ened Hamas after six months of fighting in Gaza, but the short-term tactical gains against the group behind the October 7 attack may come at a significant cost to Israel’s long-term security, as well as complicating potent
Newsweek1 min read
The Archives
“Fewer than 14 percent of AIDS victims have survived more than three years after being diagnosed, and no victim has recovered fully,” Newsweek reported during the epidemic. AIDS, caused by severe HIV, has no official cure. However, today’s treatment

Related Books & Audiobooks