:yawn:
massive. uber is 300b company in a year
lol
How??? The loss is too huge I guess
I wonder how close to saturation is the while taxi market. and how sensitive to price is the demand, my hunch is one prices go up, lot of people will drive rather than take taxis it Uber. the predatory pricing argument falls apart of demand collapses when prices go up.
Car hailing industry will be 600 billion by 2020 as per several studies(plz google it). Uber is leading the industry.
yeah, the thing with humans is that they're not very rational. They're creatures of habit. Once they get rid of their cars and use ride share frequently, if the price goes up, you won't lose much demand. The market is far from demand constrained anyway. As how close to saturation, just look at the exponential growth. We're not even close to expanding to all of Europe and Latam. I bet Lyft is growing exponentially as well.
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A relatively balanced piece highlighting both the explosive growth and the historic losses. The bulls might cite the top line growth, the bears will point to the losses. In the end, I think neither indicator says a whole lot in isolation. The thesis that is currently being tested is if all the unprecedented spending can lead to a dominant capture of the ride-sharing market. If true, then everything will follow. If not true, then it could be a mediocre end. All of which makes it very exciting whether you're in this business or watching from afar.
In other words, predatory pricing.
I am enjoying it from the front seat :)