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One of the big outstanding macro questions is how these businesses perform in a recession. If (or when) an inevitable contraction occurs, how quick are millenn

by nugget 7y ago

One of the big outstanding macro questions is how these businesses perform in a recession. If (or when) an inevitable contraction occurs, how quick are millennials to trade a daily uber eats habit for weekly groceries and meal prep at home.

malandrew 7y ago
This industry has already been exposed to a recession. You just need to let your mind think beyond US borders.
- quotemstr 7y ago
  Details?
  - malandrew 7y ago
    Brazil
    - piva00 7y ago
      Not really relevant as Uber's main market and revenue center is definitely not Brazil...
      - malandrew 7y ago
        The important thing is what impact that recession has on the business model. Is the business model counter-cyclical or at least recession resistant? Not all business models perform the same in a recession.
        chris123 7y ago
        During a recession: On the demand side, people cut back on spending (on Ubers, for example). On the supply side, some laid-off workers will turn to the gig economy.
        Jommi 7y ago
        This is what people just do not seem to get.