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Did Uber really win yet? They haven't exited yet. Their valuation is insanely high and they are not looking to IPO, as they won't get a favorable price in toda
by devanti 10y ago
Did Uber really win yet?
They haven't exited yet. Their valuation is insanely high and they are not looking to IPO, as they won't get a favorable price in todays markets. They are spending billions in China where they are not leaders yet (and unlikely to be).
I don't see how they have won yet. They are walking a dangerous path with no exit in sight.
- distances 10y agoThey also have severe problems in many European countries where the consideration of the legality of the service hasn't been as lenient as in the US. One can "win" without a global presence sure, but that's something to still keep in mind.
- prostoalex 10y agoTreating drivers as independent contractors also increases liquidity for everyone else in the market, as drivers just run multiple apps (and anecdotally prefer driving for Lyft in my unscientific q&a sessions). It's like Groupon marketing budget in early days increasing awareness of all deal sites out there.
- duaneb 10y agoNot all companies look for short term profits over long term viability. Why exit at all?
- adevine 10y agoBecause VCs want their money back before they're dead.