"Recliner" wrote in message
...
On Mon, 19 Sep 2016 19:25:51 +0100, "tim..."
wrote:


"Recliner" wrote in message
...
tim... wrote:

Perhaps this is some taxation game that they are playing reporting
these
losses?

No, but those losses will be carried forward to offset future profits
when they arrive.


Do you *really* think Uber's business is that simple?

Is how simple

yes I do

I look forward to your next management textbook. It should be
refreshingly
short.


spending billions on trying to win a market of millions is just silly

Ah well, you'd better sell your well-informed investment advice to the
billionaire funds investing in Uber. You clearly understand this market
much better than they do.

Everything that I did find when trying to research this shows that
everything in the Garden is not rosy for Uber

I think that was your view before doing any research.

Nope

I thought that it had questionable business practices, but I (sadly) also
thought that it was destined to take over the world



I suspect that the backers will get cold feet soon

Perhaps they will, but not for the reasons you think.

http://www.cnbc.com/2016/06/08/ubers...oundation.html

ISTR that I made some of these comments before (about its MO being easy to
replicate)

I also don't recognise the basic premise

"They integrated a mostly unused stockpile of personal automobiles"

Um? Nhow many people do you know with a nearly new Mercedes S class (the
mandated type of car for early adopters) sitting in the garage unused whilst
they sit in the lounge twiddling their thumbs.

The average underemployed person who considers being a cabbie to make ends
meet has a beat up old Sierra (at best) in the garage

tim