Uber’s future = GoPro, FitBit , hortonworks, cloudera
Now that hype is all gone, when they face reality. All they do is to lay off people. some might say that facebook had to face the same stock performance like what uber is facing right now after the IPO. But facebook atleast didnt lay off people, made clever acquistions like instagram, whatsapp and finally made good financial results. Not sure if uber is going to make the same come back again.
Burning cash by giving huge cash discounts in the mindset that eventually we will figure out ways to become profitable will never be sustainable in the long run.
same shit is going to happen to doordash, postmates when they face the real waters.