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Yea that’s certainly one way of looking at it. The other is “we burned billions trying to win those markets and lost every one of them to a local competitor”
by ulfw 7y ago
Yea that’s certainly one way of looking at it.
The other is “we burned billions trying to win those markets and lost every one of them to a local competitor”
- hayksaakian 7y agowhat if Uber becomes an international holding company for ride sharing businesses? Is that a better or worse future?
- exhaze 7y agoUber lost some markets and won in others (e.g. LatAM, Australia). Also, it's not like Uber spent the money and got nothing for it - it's stake in DiDi is worth more than the amount of money Uber spent in China.
- tybit 7y agoMany companies are facing winner takes all, so if your failures result in getting a significant stake in your competitions businesses, you’re doing pretty well IMO. As much as I’d like that not to be the case for Uber.
- konschubert 7y agoBut Taxis are not a winner-takes-all business. They may be on a city-by-city basis, but not nationally.