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)
But how does uber stop losing so much money? Less VC cash in a recession...
Why does a recession mean more riders? I'd assume there are fewer riders
Top tier ad companies: you left off google and Facebook?
more driver supply, much less demands, that thrives uber, what are you smoking
op works at Uber. probably all that paper money.
This is very true though. One of the few great things about Uber is that our biggest problem actually decreases when there is a recession. driver base will increase significantly if many people are unemployed. This will keep prices low, etc etc.
what about Dropbox? their consumer products are good, business products are just ok.
probably one of the worst thread I've seen on blind. even worse than the racist ones.
Assuming Uber survives till next recession.
Snap is the next twitter, stock will plummet when the lock up period is over. Advertisers are having to hire teams of engineers and media buyers specifically for snap, those team will be the first to be cut when ad money dwindles.
how does more drivers help Uber?
More drivers -> shorter ETAs and less surge -> more riders -> attracts more drivers. It kicks off a harmonious cycle.
How does shorter etas and less surge lead to more riders? If there is a smaller supply of riders, like during an economic downturn because people lose their jobs and don't spend the night out, no matter how cheap rides are, people won't use them if they don't need them