4 ms·
> Uber's IPO prospectus pretty much says they'd only be profitable if they can achieve a global monopoly to charge their own prices, and/or hope that driverless
by grandmczeb 4y ago
> Uber's IPO prospectus pretty much says they'd only be profitable if they can achieve a global monopoly to charge their own prices, and/or hope that driverless cars become ubiquitous soon.
What do you mean by “pretty much”? Where in the prospectus do they say this?
- prophesi 4y agoIt's a 248 page document, but I know on page 161 in the "Increasing scale, creating category leadership and a margin advantage" you can read how they're hoping that other ride-share companies popular in various regions will pivot to seek profitability and reduce incentives, thus allowing Uber to overtake their market as they keep their own incentives (ie, low prices). You can ctrl-f "self-driving" to find their strategy in that venture. edit: Should be easy to find the prospectus via search engines, but here's a link: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001543151/f0dcd9ae-31ea-40c2-ac8b-36d85158c8a2.pdf https://d18rn0p25nwr6d.cloudfront.net/CIK-0001543151/f0dcd9a...