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And the 11 billion invested. Luckily that money is burned at a breath-taking rate and we can see the closing of Uber sooner than later.
by TomK32 9y ago
And the 11 billion invested. Luckily that money is burned at a breath-taking rate and we can see the closing of Uber sooner than later.
- partycoder 9y agoIt is true that significant part of that money comes from investors. However it is expected to ultimately be self-sustaining and come from you.
- icebraining 9y agoIs it expected? It probably was, when the money was first invested. Now their expectations are irrelevant. In my area, there's already another competitor (Cabify), plus taxis, who are not significantly more expensive. Uber doesn't have a chance of raising their prices to cover that. I'm hoping they last just enough for another competitor to appear, and that they'll crash and burn afterwards.