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Well low is relative. I think GPs point was that Uber can never have a real monopoly because eventually they have to operate profitably. Once the base price of
by wickawic 10y ago
Well low is relative. I think GPs point was that Uber can never have a real monopoly because eventually they have to operate profitably. Once the base price of a ride settles competitors can still come eat their lunch. Heck I took a taxi in Seattle for the same price as an Uber but the driver actually knew where I was going and how to navigate in traffic.
Driverless cars would throw a big wench into this however.
- dx034 10y agoAnd only if Uber is the only one coming up with it. If VW/Mercedes/GM/Ford develop driverless vehicles, anybody can build a service based on it (most likely the manufacturers themselves). The only chance for Uber to survive is to be the first one in that space. I don't see how that can happen with so many companies in advanced development stages.