4 ms·
>The problem is they need a story like self-driving cars to maintain the (inflated) valuation long enough for existing investors to get out. Taxi rides alone ar
by aphextron 8y ago
>The problem is they need a story like self-driving cars to maintain the (inflated) valuation long enough for existing investors to get out. Taxi rides alone are not nearly enough.
This is pretty much it. Making an Uber clone is absolutely trivial, and they are being outcompeted in every single international market which has one. They also have zero customer loyalty, people will happily switch to another app the moment there is competition.
- paulcole 8y ago> Making an Uber clone is absolutely trivial Maybe so but cloning Uber is absolutely not trivial.
- paulie_a 8y agoIt seems like it would be difficult to clone their terrible GPS usage and mapping. Most drivers use Google maps in my experience. And now with Uber express pool it is pretty much guaranteed it will tell you the wrong location. If it says northeast corner, just go to the south west corner.