Uber's retreat from India
Niten, I hear your lament. I have said the same. This is from the copy: "On the face of it, not calling India a priority market may feel like an admission of defeat. No, it is not. India’s diminishing importance in Uber’s scheme of things is an admission of sanity prevailing over haemorrhaging cash-burn." Retreat is an act of moving back. The copy illustrates that. Uber wanted to do a lot more in India and isn't doing it anymore. You can sit in both camps and say, yeah, this is good; someone else, not so good. But that’s not what we have done. We’ve said sanity over cash burn. We have said additional things. Like Dara’s perspective on India taking a long time. The sale of Uber Eats. Not for one moment have we judged the current event as good or bad. Employees feel a little despondent and I think you can't really decide on how one must feel in a situation.