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Uber is not superfluous. It has added a massive amount of value to the economy and created hundreds of thousands of service jobs that did not previously exist,

Uber is not superfluous. It has added a massive amount of value to the economy and created hundreds of thousands of service jobs that did not previously exist, taking a service that was previously lower quality, less desirable and less useful and improved it on all fronts. A private equity downturn/a bad IPO/tech crash puts those jobs in peril. Not to mention many of the jobs of people posting on this site.

tomtimtall 8y ago
Those jobs will not be in peril. There are plenty of rideshares and the tech is trivial compared to the actual services. Uber’s valuation and capital gamble is not about ridesharing, it’s self driving taxis, and they May very Well go out of business with that gamble.