Design and implement over engineered solutions to avoid paying minimum wage across dozens of countries seems at least a little sketchy.

One thing uber did well is it helped break a market distortion in markets where you had to buy a badge, but they were supply limited and could sometimes fetch $1M which IMO makes no sense, if someone can do the job they should be allowed to.

I'm not saying everything Uber did was great or right, but breaking that insanity is IMO a step of progress. Next we need to ensure gig workers make at least minimum wage after legitimate expenses.

> supply limited and could sometimes fetch $1M which IMO makes no sense, if someone can do the job they should be allowed to.

I mean, it's new york city, there is not enough room for everyone to drive around all day looking for fares. It's also a unionization thing -- a supply cap ensures a good wage for everyone in the club.

Still not fraud though. And it's not exactly like the existing taxicab industry wasn't already sketchy/exploitative. The whole point of Uber is that it's a massive improvement over what came before.

tell that to FTX stockholders and clients.

In loose IRS terms an engineered loss every year starts look like a hobby mis-telling the world that it is a business.

How many years did Amazon show losses and were allowed to continue without being called a hobby mis-telling the world?

Amazon was doing stuff though? Like getting books delivered to people’s homes.

Uber is getting people from point A to point B just as advertised

I think GP was talking about FTX in this case.

Uber also seemed a bit like a house of cards but I guess it’s pulling out of that.

Yellow cabs for me.