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Sure, but I wonder if this was the best way for it to happen. Couldn't we have gotten to taxi-hailing apps without allocating a bunch of capital to companies t
by SquishyPanda23 7y ago
Sure, but I wonder if this was the best way for it to happen.
Couldn't we have gotten to taxi-hailing apps without allocating a bunch of capital to companies that might never turn a profit?
I'm just curious. I don't personally care because my money isn't invested and my rides are subsidized by the people who did invest.
- 9935c101ab17a66 7y agoIt doesn't seem like it. In my experience, a lot of taxi companies don't have fully-featured apps even today, and the ones that do were probably motivated by the spectre of Uber. They weren't motivated to do it because they already had the market captive.
- repolfx 7y agoYou don't even have a pension? A lot of money finds its way to companies like Uber from sources almost everyone has. Even with no pension, your bank is speculatively investing the money in your account to try and earn interest.
- SquishyPanda23 7y agoUber is a private company. If I own any equity indirectly it would be news to me.