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A pedant might argue, and cogently one might add, that Uber's unsustainable business model is what will destroy Uber's unsustainable business model.
by jacques_chester 7y ago
A pedant might argue, and cogently one might add, that Uber's unsustainable business model is what will destroy Uber's unsustainable business model.
- TeMPOraL 7y agoThe story of Uber is one of how surprisingly long they can keep an unsustainable (and illegal) business model running. They were supposed to be dead for a long time now. They're still kicking.
- jacques_chester 7y agoYes, though speculative investments can last for a long time. There's also the confluence of macroeconomic factors: the emergence of China, continuing massive savings rates in Japan with little to invest in domestically, the decision by Saudi Arabia to open a massive sovereign wealth spigot and the quantitative easing that occurred after 2008. Financial capital is incredibly cheap by historical standards. That said, I find myself using one of the classic defences of a confident prognosticator: I am right / I will be right, except about the timing[0]. But to make more verifiable predictions I would need to start assigning probabilities to particular dates. [0] Tetlock's Expert Political Judgment: How Good Is It? How Can We Know? is still a brilliant and amusing empirical study of opinionated forecasting: https://www.amazon.com/Expert-Political-Judgment-Good-Know/dp/0691175977/ https://www.amazon.com/Expert-Political-Judgment-Good-Know/d...
- jquery 7y agoWhat is Uber doing that you consider illegal?
- TeMPOraL 7y agoOperating taxis in cities around the world. Google it, it's not only not news, it's pretty much the core defining thing of Uber.