Thursday 23 February 2017

Pissed off investors have had it up to here with Uber

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Two of Uber's earliest investors have joined the hate-on-Uber parade. 

In a stern open letter published on Medium, Mitch and Freeda Kapor, who invested in Uber in 2010, criticized the company for a history of "toxic patterns" and hiring a "team of insiders to investigate its destructive culture and make recommendations for change."

Those charged with digging into sexism and sexual harassment allegations that surfaced over the weekend following a female engineer's scathing blog post all have ties to the company, the early investors point out. They have little faith that the investigation will be truly independent. Arianna Huffington's on the board, Chief Human Resources Officer Liane Hornsey reports directly to CEO Travis Kalanick, and former attorney general Eric Holder was once a paid lobbyist for Uber. Read more...

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