3 ms·
The last line in the article answers that pretty well: "One thing the filing makes clear: It wouldn’t take a global movement to stress the company’s business m
by blakesterz 8y ago
The last line in the article answers that pretty well:
"One thing the filing makes clear: It wouldn’t take a global movement to stress the company’s business model. A couple big-city mayors could do that all on their own. "
- kevin_thibedeau 8y agoTheir business model is unconstrained growth to funnel money into side projects. That can't persist forever. If they just stuck to their core business they could easily be profitable as taxi 2.0.
- pwinnski 8y agoIs the net cost of these "side projects" greater than the $1.8B Uber is losing? I'm missing that in the S-1 if so.
- empath75 8y agoit doesn't cost that much to pay off a mayor.