I think Uber has bright future, but I really doubt about current valuation. What's looking bright for them is that they can replace their drivers with self-driv

I think Uber has bright future, but I really doubt about current valuation. What's looking bright for them is that they can replace their drivers with self-driving cars eventually. By then core business competency completely transforms into capital and technology which Uber has built quite a strength. Looking at what they are right now, Uber and Lyft are both pseudo technology company that haven't added that much innovation to current landscape (different markets have different experience, i.e. SF vs NYC). But can we expect huge profitability in the future? I doubt it - they have to maintain a fleet of cars which are quite expensive to maintain, and they cannot drive out competition completely (DOJ will never allow this). Bottom line? Very competitive pricing in the future, some profitability, however I doubt margin will be good.