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Whoa there that's very different business. In oil there are huge barriers to entry and big costs to ramp down and ramp back up production. If Uber ever tries t
by WhitneyLand 10y ago
Whoa there that's very different business. In oil there are huge barriers to entry and big costs to ramp down and ramp back up production.
If Uber ever tries to raise prices too high competitors wil swarm into the market.
- nazka 10y agoYes but on a simple point of view: the strategy, dynamic, and end results are the same here. And it's the same for oil companies too. With the price starting to go up with the cut from OPEC and other countries, more oil companies start to be created, the old ones have finally more air to breath and start to drill again. Also with Uber investing on autonomous cars and how they are the only one with real tests with several cars on the road, this is going to be a huge barrier of entry. Even more when we see how the best tech giants like Apple and Google are struggling to develop one.