4 ms·
Uber is a investment fueled churn machine right now. Supply and demand(even as overly simplistic that model is) has yet to come into the equation. We will not h
by hiou 10y ago
Uber is a investment fueled churn machine right now. Supply and demand(even as overly simplistic that model is) has yet to come into the equation. We will not have any idea the validity of the business model until the never before seen massive expenditures in driver acquisition subsides. Which probably won't be for several years or more.
- pfarnsworth 10y agoThe CEO already said that the top 30 cities produced over $1B in profits. I don't think your information is correct anymore.
- davidf18 10y agoWell, if this information is correct, then there is room for disruption starting with the cities with the highest taxi prices. Therefore instead of writing an article, build the app. Let it fly in NYC and offer 30% lower rates.
- massysett 10y agoOh wow, so Kalanick opened his mouth and a huge number came out. Does he have anything on paper to back this up? An audited financial statement? Even a napkin with numbers on it?
- deleted 10y ago[deleted]