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Uber said that the median driver salary was $90,766 for UberX drivers in New York, but reporters can't find one driver who made that much (google the slate arti
by georgeecollins 12y ago
Uber said that the median driver salary was $90,766 for UberX drivers in New York, but reporters can't find one driver who made that much (google the slate article for details). I don't think that is really crucial to the success of the company, but it is crucial to my trust of the companies estimates.
Groupon or Zynga should teach people that a business model can expand rapidly and make money for a while, or attract enough invetment to appear viable. The question is: will this still be making a lot of money in five years? When they have to expand to less attractive markets? When they have to defend against copy cats?
It's not that it isn't a good business, or a clever company. It's just that at $25 bn it has to be a really profitable, really big company for a long time. Maybe.