I'm not predicting Uber's demise. I'm casting doubts on continued revenue growth and margin protection to justify the skyhigh valuation (since this is a thread

I'm not predicting Uber's demise. I'm casting doubts on continued revenue growth and margin protection to justify the skyhigh valuation (since this is a thread about private funding valuations). Uber doesn't have a monopoly on smart people. Pretty soon each and every significant market in the world will have a local competitor who'll know how to play the local system better than Uber and not to piss off civic stakeholders to this extent. There's nothing to stop the competition either. Drivers already on the road with Uber can be easily persuaded to install a second app with a small financial incentive. It's absolutely a commodity play for them. Same for consumers. It's a classic race to the bottom competitive situation, great for consumers and perhaps even the drivers but not necessarily for the company.