3 ms·
Well no because Uber is still bleeding cash pretty much everywhere and this relies on the assumption someone with more cash won't come along and/or investors wo
by ethanbond 10y ago
Well no because Uber is still bleeding cash pretty much everywhere and this relies on the assumption someone with more cash won't come along and/or investors won't come knocking for their now-ashen cash back.
- Fricken 10y agoThey've been spending like mad on growth, but underneath that is a real company. Uber is on track to draw 4 billion in revenue in 2016, more than double 2015. Uber is the next big tech giant, they've still got plenty room left to scale.
- ethanbond 10y agoA real company how? They don't own anything. Everyone I know in NYC has between 2-4 ridesharing apps installed and they choose whichever one is fastest/cheapest. For a while that was Uber, but as they run out of money and have to start turning a profit, you can guarantee that won't last long. And by "that won't last long," I mean that era has seemingly already passed. The quality degradations in the past few months alone in NYC have been serious enough for me to default to Juno whenever possible. I'm not saying Juno is sustainable either (I don't know), but so long as any ridesharing app is willing to burn investor capital at a loss, I'm willing to benefit from said loss. I have no allegiance to Uber and I doubt anyone else does either.