4 ms·
Personal nit but can we stop calling Uber a "startup" already? When you're getting valued in billions and running around with hundreds of millions hiring whoeve
by mkhpalm 11y ago
Personal nit but can we stop calling Uber a "startup" already? When you're getting valued in billions and running around with hundreds of millions hiring whoever you want to hire. You're probably a corporation, not a startup.
- rahimnathwani 11y agoUber is still: 1) Growing very fast, and 2) Spending investors' money to acquire market share of both drivers and customers. In China, the prices are so low, and the subsidies for drivers so high, that I wonder whether Uber has even reached unit profitability (i.e. positive gross margins). Plus, they're spending money on customer acquisition, and investing in infrastructure. Do we already know that Uber has found a repeatable business model?
- anon4 11y agoAlong the same lines, can we also stop talking about how the Great Recession has ended? It hasn't ended for something like 99% of people.