Tech companies that will rise and fall in the next recession
Mar 26, 2017
198 Comments
Thrive:
Uber (increased driver supply)
Netflix (cheap entertainment)
Survive:
Top tier Ad-based companies (Snap)
Fall:
Airbnb (fewer vacations/business travel)
Twitter/Pinterest (3rd tier ad companies will get no $ from buyers)
Instacart
Flexport (less trade)
Uber for X
Fintech startups
Mortgage-lending startups
?:
Lyft (tightening VC $ will force hand much faster than Uber)
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Then comes Uber, disrupts the local market. But they want to start with the help of these mafia drivers first, so they offer lucrative incentives while keeping customer cost down. Slowly but steadily they got enough drivers and started expanding to *other* drivers who were previously not in the mafia Monopoly. These are poor people who previously didn't have a good job, and a driving job without commissions is also a good raise for them.
Once they have enough of these poorer drivers, the motto is 'down with the corrupt mafia.' and rightfully so. Let those scums strike and complain. The reality is that Uber has created thousands of jobs for the poorer drivers while cutting out the Monopoly of the licensed drivers. They took from the monopolistic rich and gave to the poor. This is the good fight.
The ads drive incremental sales as measured using hold out groups and in store transaction details.