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I don't see how Uber is considered "too big to fail". They aren't the banking system, they are a ride hailing app. If they go away, people go back to using cabs
by overcast 9y ago
I don't see how Uber is considered "too big to fail". They aren't the banking system, they are a ride hailing app. If they go away, people go back to using cabs.
- lettergram 9y agoI don't mean in that sense. In my mind, investors are having to deal with the sunk cost falicy. Every investor is bringing more investors in, which will drag everyone down.
- gaius 9y agoOne ride from another app, and people will forget Uber ever existed.