Uber is currently the most highly valued private company in the world. No, they're not. 37Signals is [1]. Kidding aside, the term valuation in the context of a

Uber is currently the most highly valued private company in the world. No, they're not. 37Signals is [1]. Kidding aside, the term valuation in the context of a private company is always quite a bit whacky. Who determined that valuation? VCs with their liquidation preferences? Please. If rapid growth could not drive major margin improvements between 2012 and 2016, there is no reason to believe that Uber will suddenly find billions in scale economies going forward. Sorry what? As if Uber isn't already getting all the benefits of scale economics. Their losses are due to their hyper-aggressive growth plans and the stiff competition. The end game isn't saving money due to economies of scale. That's already happened. The end game is driving everyone else out of business and dominating the market in every region of the planet. That's when the profits would come in. [1] https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment https://signalvnoise.com/posts/1941-press-release-37signals-...