Well, the company believed and acted like it was.
Uber was smart and took advantage of this, then Confidence turned Arrogance?
A toxic Culture,
Pissing on local rules, piling up criminal Investigations, Paying off hackers to cover up a data breach. What were they thinking? Uber's Competition understood the psychological disadvantage, a host of people lost their faith in Uber in 2017.
1. You lose your customers
2. your employees
3. eventually your Investors SoftBank’s $1 billion investment at the old valuation doesn't restore confidence Overnight, especially When Other Investors like Sequoia Capital and Tencent think it’s worth a lot less.
Then there's Didi, Chinese ride-hailing giant that Uber sold its Chinese operations to in 2016, Didi is valued at about $56 billion and also backed by SoftBank.
Valuations are based on how the company has performed, expects to perform, and how much investors believe in it. That SoftBank Invested $5billion into Didi earlier this year, tells you it believes in Didi a lot and that's the only valuation that matters now.
SoftBank has stakes in Didi, Grab in Southeast Asia, and Ola in India. Hopefully this New deal might just make needed partnerships happen and change the facts.
Uber was smart and took advantage of this, then Confidence turned Arrogance?
A toxic Culture,
Pissing on local rules, piling up criminal Investigations, Paying off hackers to cover up a data breach. What were they thinking? Uber's Competition understood the psychological disadvantage, a host of people lost their faith in Uber in 2017.
1. You lose your customers
2. your employees
3. eventually your Investors SoftBank’s $1 billion investment at the old valuation doesn't restore confidence Overnight, especially When Other Investors like Sequoia Capital and Tencent think it’s worth a lot less.
Then there's Didi, Chinese ride-hailing giant that Uber sold its Chinese operations to in 2016, Didi is valued at about $56 billion and also backed by SoftBank.
Valuations are based on how the company has performed, expects to perform, and how much investors believe in it. That SoftBank Invested $5billion into Didi earlier this year, tells you it believes in Didi a lot and that's the only valuation that matters now.
SoftBank has stakes in Didi, Grab in Southeast Asia, and Ola in India. Hopefully this New deal might just make needed partnerships happen and change the facts.
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