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I don't think so. Being a 50mm company probably includes no longer serving the majority of markets they do now. At 50mm they become a regional taxi service with
by redorb 6y ago
I don't think so. Being a 50mm company probably includes no longer serving the majority of markets they do now. At 50mm they become a regional taxi service with phone hailing rides.
Truth is - now that they are public ~ I'm not sure what success is... for a lot of people who started there a long time ago - the IPO was 'the success' now the public is left holding the bag (mostly by their own choice of buying the stock).
- sg47 6y agoI think they meant $50 million in profit.
- criddell 6y agoNo, I was talking market cap. That's the size of some nation-wide retailers (like J.C. Penney). I think Uber can exist, I just don't see how what they do is worth billions. When Uber withdrew from Austin, it took a couple of days for very similar replacements to pop up.