UiPath

In the beginning, it was purely focused on developing something great, and the work culture also thrived with that mentality.

UiPath became obsessed with creating hype since early 2018, when they started getting massive funding and were eyeing going public. The stock is also going to crash soon because of this.

As someone currently working as a developer in this company, it’s scary how much a company like Microsoft has crawled closer to UiPath. I warned management not to focus so much on hype and going public.

We should have, and should moving forward, put more effort on innovation and spend less time worrying about shareholder expectations and creating hype.

If you have any doubts on what management really feels, look no further than the fact that the CFO traded many of his shares out when he was able to after going public. It’s not a coincidence.

Tell me a company where executives will trade out of a stock in huge quantities when they are confident of their technology moving forward. The answer is none.

If you want further proof, look at the interviews of that very same CFO hyping up RPA and UiPath right before going public.

Focus more on the technology side and stop trying to undermine the competition of Microsoft. We all know the stock is massively overhyped and overpriced. It’s also why it’s our responsibility to make sure we spend more time upgrading our technology and being one step ahead versus being complacent and seeing Microsoft knocking on the door. Management needs to spend less on private jets and lavish expenses and use the very same for R&D development.