2 ms·
But their valuation may not hold. It is currently based on the defensibility of a monopoly position. That position is predicated on the network effect in a 2 si
by krschultz 10y ago
But their valuation may not hold. It is currently based on the defensibility of a monopoly position. That position is predicated on the network effect in a 2 sided market (e.g. Ebay). With autonomous cars now you are talking about defensibility from consumer brand + economies of scale in a commodity market (e.g. United Airlines).
- martin-adams 10y agoIf I understand you correctly, then that means they are screwed either way with regards to the valuation. Go driverless and the valuation may not hold, or don't go driverless and let someone else make them irrelevant.