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There's a line between 'unprofessional' and 'illegal'.

The org chart will tell you the difference.

It's not illegal for a boss to kiss or even sleep with an underling, as long as the encounter is consensual. It's fucked up, but not illegal.

Not illegal, but almost always a major violation of company protocol and a very good reason to get fired with prejudice. But Uber seems like the kind of corporate culture where that kind of thing is tolerated, if not basically encouraged.

People fall in love with colleagues all the time.

On so many levels. I don't think making out with someone at a company event is OK, period. Even less if they also work at the company. Even less if they're your report. Even less if you're powerful within the company (i.e. a tone-setter).

To be clear, the reason it's not OK is that a professional context should not also be a sexual context. It's not about protecting the person you're making out with. It's about everyone else. This is the same reason that excessive PDA in the workplace can be sexual harassment of other employees, even if both parties to the PDA are consenting.