4 ms·

Not sure if a $40B company that generates staggering losses and faces brutal competition globally can be considered a rocketship any more ...

• tdylan 11y ago
  *51bn company.
• aianus 11y ago
  > faces brutal competition globally There is no competition to Uber in Toronto. It's so cheap and accessible it's almost competing with public transit at this point.
  • tdylan 11y ago
    They are facing a ton of competition in their 3 largest markets. USA (Lyft 1bn+ funding), China (Didi 3bn+ funding) & Ola (couple 100mm's).
    • eonw 11y ago
      plus the impending lawsuits for wrongly classifying their employees as contractors... thats going to take years to play out and could hit their profitability really hard.
    • jacalata 11y ago
      Ola?
      • tdylan 11y ago
        IIRC it's OlaCab, in India.
  • untog 11y ago
    That isn't exactly a counter to the OP's point. Just because they don't have competition in one global location does not mean they do not have global competition.
    • aianus 11y ago
      Depends on your interpretation of the word globally. I took it to mean 'everywhere' or 'pertaining to the whole world' like 'global variable'.