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I don't think Uber qualifies as "tech they clearly don't understand". Uber is certainly a company with issues, but it's a clear problem they are solving, adding
by bdcravens 5y ago
I don't think Uber qualifies as "tech they clearly don't understand". Uber is certainly a company with issues, but it's a clear problem they are solving, adding automation to an industry that's very old.
- photochemsyn 5y agoUber only still exists because the Saudis dumped $5 billion into them.
- bdcravens 5y agoSure. I'm not arguing that it's a good business, but it's a simple business, no matter what tech they have backing them. Today's bubble is marked by a lot of Defi/Web 3.0 silliness.
- Ekaros 5y agoYeah problem is pretty clear. And they did provide something. Real question just like with food delivery is that is there margin there for an big player to exist? Or an expensive player? Paying people to offer singular service is not cheap. And then you have cost of vehicles as well...