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Totally missing the forest for the trees. Uber has billions in revenue, so just on that alone the idea that the market is not worth billions is false. Furtherm
by argonaut 11y ago
Totally missing the forest for the trees. Uber has billions in revenue, so just on that alone the idea that the market is not worth billions is false.
Furthermore, they said the same things (20 something singles) about Facebook. Now my parents are on Facebook. The key is that Uber has the potential to change market behavior. Well, more than just the potential - it is changing some market behavior, as evidenced by this anecdote. The potential is that it has to potential to change the transportation spending habits of many more people.
- toomuchtodo 11y agoCouple things: Transportation is going to change regardless. Electric self-driving cars are going to be manufactured by several companies, perhaps operated by those same companies (or leased to others). Why would Google provide its tech to Uber when Google already has access to the market through Google Maps? Why would Tesla provide its self-driving cars to Uber when it could build them and sell ridesharing directly (which Elon has specifically indicated he wants to do by his response to said questions during investor calls). Uber is just an app, no more, no less. The Gorillas are the tech companies doing the real work.