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Yes, profitable, but Uber's valuation would tank if they were just scraping by on this kind of revenue with no hopes of automated driving or other things in the
by bloodyplonker22 5y ago
Yes, profitable, but Uber's valuation would tank if they were just scraping by on this kind of revenue with no hopes of automated driving or other things in the future to increase margins.
- neonate 5y agoOK, in that case the answer is "Uber can be profitable". Probably true that their valuation would be lower but that's not the argument I hear people making.
- bloodyplonker22 5y agoWhat happened to WeWork is almost exactly the hypothetical scenario that you are describing for Uber.
- jacobr1 5y agoUber doesn't have the same risk profile. When demand drops for wework, they are still on the hook for longer term leases. When demand drops for uber, drivers eat the loss of fewer transactions. As long as they can keep their overhead in check (and this certainly isn't clear) then they should be be able to have an operationally viable business.
- morpheos137 5y agoThere is no hope of price competitive automated driving. It is ludicrous.