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>All they are is an app with some marketing, and anyone with a bit of money can easily come up with a competing app. I think I'll let your first statement stan
by dylanjermiah 11y ago
>All they are is an app with some marketing, and anyone with a bit of money can easily come up with a competing app.
I think I'll let your first statement stand, but in regards to the second. Uber has raised $5.9bn dollars, is doing ~2m rides per day, is in 300+ cities -- sure you can create a competing app, but the chances of meaningfulness are small if non existent.
- ma2rten 11y agoin 300+ countries As far as I know, there are only 196 countries in the world.
- dylanjermiah 11y agoI apologize, I meant cities. Thank you for letting me know.
- kevin_thibedeau 11y agoThe difference is that carpooling is legal. What Uber and Lyft are doing is not in most markets.
- dylanjermiah 11y agoWhat relevance does this have to the parent, or my, comment?
- kevin_thibedeau 11y agoThe relevance is that a $5.9b valuation is dubious when it's based on an illegal enterprise. That "value" can disappear in an instant when municipalities start cracking down.