What is left for us - Cabs and rides thats all ?
https://www.webpronews.com/uber-looking-to-sell-uber-elevate-air-taxi-business/
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Uber Looking to Sell Uber Elevate Air Taxi Business
WebProNews
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Amazon Retail is only profitable recently, for years it was losing by reinvesting back into growth.
Amazon has profitable units and continues to invest in stretch categories: Alexa, Go, Drones
Uber has a profitable unit and is killing off multiple categories.
Coronavirus is temporary. FAANG vision isn’t based off a 1 year blip, that’s ridiculous.
Kalanick set these things up for the 10+ year future, and Dara has no vision, technical background, or cajones. He’s just caving to short term wall st. pressure because he only knows how to be an old school IBM/Cisco/Oracle/HP executive. Those are a dime a dozen and it’s why none of them FOUNDED Uber as a department or category. Same old not investing in growth we just talked about.
Dara appears to be doing the right thing here by focusing on profitability and when we are profitable and have the money, we could buy another Elevate
“Rideshare? We’re in a recession, we can’t afford to build that, it’ll pay off after 10 years, we have problems now.”
Lo and behold they’re mostly 10b market caps that can’t buy 90b Uber now...
Transit ? and ??