3 ms·
> They burn through the investors' money (because who cares its not their personal money) until they get a foothold. Otherwise known as investing. Sometimes it
by qeternity 2y ago
> They burn through the investors' money (because who cares its not their personal money) until they get a foothold.
Otherwise known as investing. Sometimes it works. Sometimes it doesn't. And the last 20 years has been chockfull of excesses absolutely. But Uber is profitable these days, and has genuinely transformed how people get around. It looked like a negative unit margin dog until it didn't.
- 1986 2y agoOtherwise known as https://en.wikipedia.org/wiki/Dumping_%28pricing_policy%29 https://en.wikipedia.org/wiki/Dumping_%28pricing_policy%29
- itsumoiru 2y agoThis isn't quite dumping. It was more about achieving the scale necessary to make it usable. If there are no drivers, there are no customers. With no customers, who would drive?
- n_ary 2y agoIt is indeed dumping. Scale out so big that previous competitors can't keep up, then squeeze hard shaking out other competitors(taxis/rentals) as well as your own minions(a.k.a. gig economy workers) for blood. > If there are no drivers, there are no customers. With no customers, who would drive? No worries, Waymo is coming soon to kill Uber as well as everyone Uber took out of business.