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I never said their valuation is justified, just that their business model works. The costs of providing their booking service is small compared to the revenues
by valuearb 9y ago
I never said their valuation is justified, just that their business model works. The costs of providing their booking service is small compared to the revenues it generates. The only question is how much do they have to spend on end user marketing and driver recruitment.
- alphaalpha101 9y agoTheir business model isn't just the cost of booking, because they aren't a booking company. They're a taxi company. The cost of doing business involves running taxis. And that is not profitable for them.