3 ms·
Uber "just moves money around and takes a cut", same with AirBNB, and so any other marketplace.
by pacofvf 12y ago
Uber "just moves money around and takes a cut", same with AirBNB, and so any other marketplace.
- ForHackernews 12y agoYep, and all of those middle-man business that add almost no value should be squeezed down to razor-thin margins and turned into commodities by competition. That's slowly starting to happen in the financial industry, with robo-advisors and cheap index funds taking trillions of dollars out of the hands of overpaid Wall Street firms, but that process takes time. Hopefully we'll start to see the same thing with Lyft and Sidecar eating into Uber's nonsensical valuations.