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> As far as war chest goes, Uber basically has no competition. Google has more money coming in half year than Uber has ever raised, and it's from profits. The
by jacques_chester 10y ago
> As far as war chest goes, Uber basically has no competition.
Google has more money coming in half year than Uber has ever raised, and it's from profits.
The major car companies also have billions of dollars of revenue and collectively they hold hundreds of billions, possibly trillions, of dollars of fully depreciated assets.
- vitaminbandit 10y agoYou're right about the cash available, but how much is Google (and its investors) willing to lose to compete with Uber? Are Google's investors willing to put up with another [vastly more expensive] Google Plus? Because when I say war chest, I mean Uber is willing to lose it all. Rides are Uber's only revenue source, whereas Google has never made a cent in that industry.
- nojvek 10y agoIs Uber really willing to lose it all? Investors have put money in it expecting 10x return. Google can just right it off as their moonshot project while Uber as as a company goes poof and burns
- jacques_chester 10y agoGoogle's investors don't have a choice. Brin and Page have voting control. In any case, it's hypothetical. Uber's unit economics are made of losses and there is no structural moat around their business. They'll run out of money and that will be that.