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The problem with Uber is not the business model, it's the hype that leads to overvaluation as you properly show. Too bad the article does not make that crystal
by brandelune 10y ago
The problem with Uber is not the business model, it's the hype that leads to overvaluation as you properly show. Too bad the article does not make that crystal clear.
- jimminy 10y agoPart of it is business model, they've outsized their market potential which is a failure of their model. It's a bit of a chicken and the egg, because it's absolutely related to their valuation. That valuation is based on a flaw somewhere in their model potential, which feeds back into the model of potential (via expressing oversized outside interest).