Opinions differ on whether Uber will be blown off course by this storm.
“This is only a small bump in the road. (Uber) has become an essential habit in so many peoples’ lives. Business will go on as usual, and people have short-term memories,” says Manny Fernandez, CEO of angel investment firm DreamFunded.com
.Other observers beg to differ. Roger McNamee, founding partner at venture capital firm Elevation Partners, questions Uber’s huge capital raises — $15 billion despite lingering uncertainly about per-ride profitability — and its limited financial disclosures.
“Now the company’s horrific culture has been exposed in terms that may cause an acceleration in the #DeleteUber campaign,” he says.