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Super bearish on Uber^1. I mean when you get into a Lyft vs an Uber, do you REALLY notice a difference? Its the same thing with Airbnb. Uber is going to pave t
by spaceflunky 10y ago
Super bearish on Uber^1. I mean when you get into a Lyft vs an Uber, do you REALLY notice a difference?
Its the same thing with Airbnb. Uber is going to pave the way for someone else to come along.
Look at Pets.com, people freaked out because they were first to sell pet stuff online. Investors said, look they built an ecommerce website (really hard to do back them), they are first so they have brand affinity, and they'll build trust. Where is Pets.com now?
As for Nike, they're on an upswing now, but they are constantly under siege. But you're missing my point, which is that products (like Nike) build brand affinity, not retailers. Do you buy your Nikes from the same place every time?
^1 unless uber can use their capital to develop a self driving car before anyone else. This would give them a huge advantage. Competitors would struggle to overcome this and would make über virtually invincible.
- notyourwork 10y ago> Do you buy your Nikes from the same place every time? This is precisely the point most are overlooking when they disagree with your point.
- woah 10y agoYour analogy is not great, IMO. In this case, AirBnb is the shoe, the web browser and device used to access it is the shoe store.
- spaceflunky 10y agoAirbnb is not the shoe. The apt is the shoe and airbnb is Footlocker. Have you looked at footlockers stock lately?
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- ethanbond 10y agoI just wanted to say I really like your take on the situation. I've been skeptical about these companies for a while but was never able to articulate why. Well framed argument!
- thesimpsons1022 10y ago>products (like Nike) build brand affinity, not retailers. I don't shop at Amazon, ebay, target or walmart because of certain brand affinity for their products. I shop at them because of the brand affinity with the store.