Uber, IPO, come-uppance Show more
@joeyh It was never in dispute that Uber was going to raise some cash from this.
But that's not the point.
When you're talking tens of billions of dollars, the dollar amount matters less than image and political clout you generate.
This sets Uber up to look weak to investors, which means their share prices are vulnerable, which means their C-rank officers are vulnerable, as they're accountable to those shareholders now.
It gives the workers leverage to negotiate.