wrote in message ...
On Tue, 20 Sep 2016 13:10:55 +0100
Recliner wrote:
Perhaps they will, but not for the reasons you think.

http://www.cnbc.com/2016/06/08/ubers...e-on-shaky-fou
dation.html

Like the majority of the current crop of silicon valley start ups then.
I'm
amazed the bubble has lasted this long. There must be a boatload of
gullible
rich idiots out there bankrolling them all.

with bank interest rate down at zero, there's a lot of money sloshing around
looking for a home

Early investors don't even need to believe in the long term prospects for
the company, all they need to believe in is the bigger fool coming along
later.

Just look at the absurd valuation of Ocardo against its piddly market share,
its piddly profit per delivery and it non-existent growth potential now that
every man and his dog supermarket has a competing operation (with lower
fulfilment costs)

tim