4 ms·
>But Uber is selling over $5 billion a year [1]. There's something there. Anyone can do $5BB in revenue by selling dollar bills for fifty cents. Uber is a coo
by bigtimeidiot 10y ago
>But Uber is selling over $5 billion a year [1]. There's something there.
Anyone can do $5BB in revenue by selling dollar bills for fifty cents.
Uber is a cool idea, but it's pretty hard to judge demand when you're subsidizing the price. I'm skeptical that they'll be able to simply "turn up prices" once they've captured the market.
How much of Uber's value comes from it's self-driving fleet potential, which might be starting from scratch?
- 5thaccount 10y agoWhich partly makes the CEO so key. Dispassionately, what Uber needs right now is someone who can convince investors to keep the money taps open. If you lose $X BILLION a year, you need $X Billion + y% to maintain that burn rate. So the question is: Is there a CEO that can continue to raise money, OR that can turn a $X Billion loss into a mild loss, whilst still raising the money required to keep the enterprise alive? That's a pretty damned niche request!