4 ms·
"From what I'm seeing, the entire US Taxi/Limo market is $11bn in value." That sounds incredibly low. That's twice the value of KING, and cabs are a lot bigger
by mdemare 12y ago
"From what I'm seeing, the entire US Taxi/Limo market is $11bn in value." That sounds incredibly low. That's twice the value of KING, and cabs are a lot bigger than Candy Crush.
Maybe you mean the market is $11bn/year in revenue (or even in profits)?
- quaunaut 12y agoRight, it's $11bn/year in revenue, averaged over 5 years. Is that not usually used in determining the value of a given market?
- runako 12y agoYes, but you're comparing a company (Uber) with an annual revenue number ($11B), which is one property of a market. For comparison, Apple is currently worth around $565B, but its revenues were $176B in the last 12 months. Chipotle is worth $17B, but its revenues were $3.4B over the last 12 months. A firm's revenue and its value are related, but usually not equal.