3 ms·

I mean Uber could have still executed the same playbook and fired executives who were guilty of sexual harassment, and WeWork could have executed the same playb

I mean Uber could have still executed the same playbook and fired executives who were guilty of sexual harassment, and WeWork could have executed the same playbook but without the personal appropriation of corporate opportunity.

dsfyu404ed 7y ago
Even if the execs stopped running around grabbing the secretary's butts and double dealing on sketchy real-estate deals with the company that wouldn't make their business models any better. Uber is basically an international taxi company and we-work is a real-estate company. Neither of their business models are money printers to the degree required to justify their valuations. Sure, they have a chance of creating some network effect feedback loop that makes them insanely profitable but is that chance big enough to justify the valuation? The market seems to say no.
- notfromhere 7y ago
  they're not profitable and never will be
- somebodythere 7y ago
  Uber is THE taxi company and WeWork is THE co-working company. All over the US, and even outside of that. A local taxi line might be worth a few million dollars. It's disingenuous to say that Uber is "just a taxi company" when you have their level of consumer loyalty and geographical control.
  - deleted 7y ago
    [deleted]
  - bpt3 7y ago
    Consumers are playing Lyft and Uber off of each other and picking whichever one is cheaper (https://www.vox.com/2019/2/5/18210376/uber-lyft-ride-loyalty-chart https://www.vox.com/2019/2/5/18210376/uber-lyft-ride-loyalty...), and Uber's network structure doesn't lend itself to geographic control (https://hbr.org/2019/01/why-some-platforms-thrive-and-others-dont https://hbr.org/2019/01/why-some-platforms-thrive-and-others...)