> The author doesn’t cite growth rates, customer acquisition costs of lifetime value of the customer and without that it’s not clear they know what they’re talk

> The author doesn’t cite growth rates, customer acquisition costs of lifetime value of the customer and without that it’s not clear they know what they’re talking about. If CAC << LTV and you have a high growth rate and your cost per ride is coming down then they should be doing exactly what they’re doing. If, if and if. There's no reason to believe that costs come down with significantly with (even larger) scale, or that people will prefer Uber over competitors or ordinary taxis, once they raise prices. The main reason why Uber has so little competition is that it's simply a bad business model, but massive growth in todays environment attracts enough investors to keep the ship above water for a long time. > The investor around the table are not dumb. That's not implied, the idea is that enough greater fools will be found once the stock goes public. > There’s a reason I don’t even go to Lyft anymore—Uber is way better than it was a few years ago. Uber simply has more money to burn. Enjoy your rides while it lasts.