Up until Uber exhausts cash on hand. And then you’ll be back to using taxis or public transit, no?
A competitive advantage has no value without a path to profitability.
A competitive advantage has no value without a path to profitability.
Uber's rideshare business appears to be almost revenue-neutral. So if you're waiting for Uber to run out of cash, you'll be waiting a while. Worst case scenario, they stop pouring money into their money-losing ventures and focus on rideshare.
If you can’t kill taxis with tens of billions of dollars of VC investment, how does the last bit of cash Uber has help?
It's a real pity that there is no 'HN Quotes' section, I'd definitely nominate this one.