This is my last story about Uber CEO Travis Kalanick.
If you are a long time Pando reader-- since, say, 2012-- you know why that is a momentous statement for everyone here who has struggled to keep going emotionally and financially amid years of Travis Kalanick and his henchbro Emil Michael trying to destroy my family, my professional reputation, and of course Pando’s business.
I won’t rehash all that here. I’ve already written countless thousands of words about how I was targeted personally, what it says about the universal playbook bros use to bring “nasty women” down, and where their strategy went wrong. (If you’re arriving really late to the party, there’s a whole chapter explaining every horrible detail in my next book, but you’ll have to wait til November to read that.)
Instead, I want to focus on what this means for Uber going forward, particularly those who have a financial stake in the company, whether employees or investors. There has never before been a private company in Silicon Valley history valued so highly. Tens of billions of dollars in paper is stunned at the unraveling of Kalanick’s untouchable, do-no-wrong hero worship, wondering “Well, what the fuck now?”
Pando has a five year track record of saying what’s about to happen to Uber at least six months (sometimes much longer) before the rest of the press. Indeed, I said at the time of Josh Mohrer’s departure that something had changed. The A-team was no longer untouchable. I said when Emil Michael left that the investors had finally split Kalanick from Uber in their minds, and Bill Gurley was belatedly seizing the “responsible board member” mantle. And I said when the company announced tipping would be added into the app, he no longer had a grip on the product vision either.
So if you hold stock in Uber, here’s my take on your lot...