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Some tech companies are simply not sustainable and won’t last a year in the new reality.
by DmitryOlshansky 6y ago
Some tech companies are simply not sustainable and won’t last a year in the new reality.
- colinmorelli 6y agoA lot of companies won't last a year when their business operations are effectively ceased overnight - whether they were sustainable beforehand or not. Uber certainly had cash flow problems before this started, but even companies with healthy cash flow that operate in heavily hit industries are going to feel this. For example, Expedia recently laid off 3,000 if I remember correctly.
- bhupy 6y agoUber has $8B in cash.
- DmitryOlshansky 6y agoYeah, but for how long? s/1/10/
- bhupy 6y agoAs with running away from the bear, they just need to outrun the other guy. How long does Lyft have? When can Uber raise its prices to become EBITDA positive?
- DmitryOlshansky 6y agoI’m getting my popcorn ready for this episode of “walking dead” unfold all over the internet news outlets.
- vmception 6y agoWall St was pleased with Lyft's growth, not pleased with Uber's growth but did not see surprises. Easier to impress when you start from a smaller amount and don't have a bunch of pet projects to shed. People are obsessed with this rideshare/gig economy winner take all idea almost like they have to believe it... actually that explains a lot.
- vmception 6y agolonger now, lol.