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Fair points. If I were a VC, I wouldn't be thrilled with Kalanick at the helm, even if I wasn't about to sell sell sell. I get why people might be concerned ab
by sebastos 10y ago
Fair points. If I were a VC, I wouldn't be thrilled with Kalanick at the helm, even if I wasn't about to sell sell sell.
I get why people might be concerned about the operating losses, at least to first order. But I just don't see the structure of how people think this disintegration is going to happen. To me, it looks like a very solid business model that makes tons of cash and spends tons of cash (like Amazon). I don't see some kind of tower of Babel built entirely on the perception of value that could topple at any moment (Twitter). People love using ride-sharing apps, and there's no way that's going to change in the near future.
Even if their self-driving-car play isn't working out, I don't see why it has to pan out _now_. They can always just fall back on their massively successful core business..