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Would you invest in Taxi cab companies or App based car rides?
by sriram_sun 7y ago
Would you invest in Taxi cab companies or App based car rides?
- oliverx0 7y agoMy main point is that the market cap seems a bit excessive. I can see Tesla having a competitive advantage, and I also see the bet some investors are making on it disrupting the car industry. But after reading those numbers, it just shocked me a little.
- throwaway_tech 7y agoSuppose it depends if you are pre IPO investor that is in on the scam or a sucker retail investor post IPO who will be stuck with the bag.
- sremani 7y agoGiven the Quarterly losses of App based car rides, there is no cut and dry answer to this. May be this is a right time to buy a Cab company. Because sooner or later - Uber and Lyft want to turn profitable, then there is a margin in certain markets where Taxis will not only be competitive but probably cheaper.
- bdamm 7y agoSV companies have made showing losses an art form.
- phildawes 7y agodepends on the price