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Its worth considering that 3 is actually quite common within large companies as well. I can think of a few industries dominated by big tech that have never tur
by lumost 4y ago
Its worth considering that 3 is actually quite common within large companies as well. I can think of a few industries dominated by big tech that have never turned a profit or even positive free cash flow.
- ghaff 4y agoThe thing that actually puzzles me is that in the post-Kalanick era, Uber didn't more aggressively pivot to essentially being a taxi company where drivers supply their own vehicles. You've got a working app--how many people do you need to maintain/enhance it? Self-driving isn't happening in an economically interesting time horizon--certainly not reliable door-to-door in cities. So raise prices, cut costs, and have what's a fairly attractive taxi business for many places. Of course, that may not have been what investors wanted to hear.