Uber's Chief Technical Officer To Step Down

Uber Chief Technology Officer Sukumar Rathnam is stepping down as the company's head of engineering, a spokesperson of the ride-hailing company said late on Tuesday. From a report: The spokesperson did not specify the reason for Rathnam's departure but Business Insider reported earlier that he had been increasingly at odds with chief product officer Sundeep Jain. Rathnam, who joined Uber about a year ago, plans to leave in early October, the spokesperson said.

Let me guess:

[Type44Q]

Let me guess: the plans to subsidize the replacement of their drivers, withh tech that doesn't exist... by abusing said drivers... just isn't panning out??

Re: Let me guess:

[TuballoyThunder]

I think their business model went into the shitter when they expanded past black car service. Since then they have consistently lost money each ride. Autonomous driving is far enough in the future to make Uber's survival questionable. It was good at wealth redistribution (i.e. moving some money from VC investors to drivers).

they wanted to be an taxi but not pay the taxi fee

[Joe_Dragon]

they wanted to be an taxi but not pay the taxi fees

Re:

[timeOday]

Markets are pushing capital at businesses, looking high and low for a return, so they convinced themselves they could provide one by expanding, and sold tons of shares for billions of dollars. Seems more and more like a losing bet.

Re: Let me guess:

[Type44Q]

Since then they have consistently lost money each ride.

You imply that those rides are costing Uber when in reality the company is reinvesting said profits - in their attempt to lock down self-driving IP before the next guy - so aggressively that they continue to show a loss.

Big difference.

Re: Let me guess:

[TuballoyThunder]

That strategy only works if you generate IP that actually works. I think one of the key reasons their self-driving division was sold to Aurora was to separate it from the risk of investor capital drying up.

oh well

[MagicMerlin]

maybe they can convert back to postgres now