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That they don't need inventory or more than a few hundred employees makes me wonder what their real value is. Is the brand alone worth $30B ? You could have the
by kirykl 10y ago
That they don't need inventory or more than a few hundred employees makes me wonder what their real value is. Is the brand alone worth $30B ? You could have the same office staff running airBnb and uber.
edit: I'm also thinking of the non existent switching costs for customers.
I guess it works for credit card companies
- foota 10y agoThey have a significant investment in software and technological infrastructure to go with their investment in user acquisition.
- lettergram 10y agoUber is far more complex than airbnb. Airbnb makes money today (I assume), uber has an issue where they are in a highly competitive space, where technology matters (GPS, matching, etc.), And can't really even be profitable yet.
- fjrjdndnd 10y agoEither User's business model works or it doesn't. Either they're profitable or they're not. It doesn't matter if they're in a competitive space. Businesses are supposed to make a profit, and anything else is just a wall of bad excuses to protect their valuation.
- argonaut 10y agoTell that to Amazon. Profitability is not the end all be all.