3 ms·

I’m bearish on Uber and I read the entire article, but it’s full of a lot of bald assertions with no supporting evidence and the only real point it makes, and i

I’m bearish on Uber and I read the entire article, but it’s full of a lot of bald assertions with no supporting evidence and the only real point it makes, and it makes repeatedly is that Uber is only “successful” because they offer below cost rides subsidized by investors who were pushing growth at all costs because they wanted to flip their shares to dumber money in the future. I don’t feel like he needed that many words to say that.

throwaway-571 7y ago
I thought the Uber goal was also to drive the competition out of business via any means necessary and then raise price.
- BeaverBomber 7y ago
  That is their ultimate goal. There's no indication that they'll be able acheive it. Their main "innovation" if you can call it that is removing regulations that were previous barriers to entry. If Uber removes all barriers to entry, somehow eliminates competition, how does it not come back once they raise prices past a point that makes it profitable to compete? The other goal they have is to be the first to engineer autonomous cars and replace all their drivers, roughly halving their operating costs. As the article points out, that is several years away, and would require Uber to expend huge capital costs to acquire and operate said cars. They are currently a company that doesn't do anything close to that.