Peter Thiel is reportedly leaving Silicon Valley. According to the Wall Street Journal, the venture capitalist and embattled Trump supporter is moving from San Francisco to Los Angeles and taking some of his businesses with him. He's even reportedly mused about resigning from the Facebook board. Why? Peter Thiel apparently needs a safer space to broadcast his radical libertarian beliefs.
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If there is one quote that sums up the ethos of Uber, it might be this cut from the company's firebrand CEO Travis Kalanick: "Stand by your principles and be comfortable with confrontation. So few people are, so when the people with the red tape come, it becomes a negotiation." But after a month marked by one disaster after another, it's hard to see how Uber's defiant, confrontational attitude hasn't blown up in its face. And those disasters mask one key, critical issue: Uber is doomed because it can't actually make money.