Topic
Business Strategy, page 2
OpenAI’s staff forced a governance reset
The employee revolt after Altman’s removal showed the board lacked a workable continuity plan. OpenAI soon installed a new initial board.
Shein's reported IPO target needed more than download counts
Shein reportedly sought an $80–90 billion IPO valuation in 2023. App popularity could not establish the margins that price required.
Bird continues to face challenges
Bird's scooters were useful when they worked. Broken vehicles made fleet uptime and repair cost the business question.
Lime's $500 million financing left the fleet economics open
Lime's 2021 financing showed investor interest, but debt and ride counts couldn't prove its scooter fleet was profitable.
Lyft Rentals looked useful. Owning the fleet was harder.
Lyft Rentals was convenient in San Francisco, but its later shutdown showed how much harder fleet ownership is than adding a booking option.
Uber starts 15-minute delivery in Paris
Uber's 15-minute Paris grocery offer made a strong promise, but dark stores and standby couriers carried the cost of keeping it.