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Or they could just buy Uber. The thing is they likely wouldn't want to own Uber, especially considering it's just burning through mega-cash.
by muninn_ 10y ago
Or they could just buy Uber. The thing is they likely wouldn't want to own Uber, especially considering it's just burning through mega-cash.
- londons_explore 10y agoGoogle has mega-cash, and is happy to burn through it if long term returns look plausible.
- xapata 10y agoPerhaps even enough cash to create the dominant ride hail company from scratch. Coca-cola was about to buy Gatorate for $13B. Buffett squashed the deal at the 11th hour and Pepsi paid $14B. Buffett presumably thought that Coca-cola could use the $13B to make its own sports drink. It's still not clear which company was wiser.