View Single Post
  #24   Report Post  
Old September 21st 16, 02:03 PM posted to uk.transport.london
David Cantrell David Cantrell is offline
external usenet poster
 
First recorded activity at LondonBanter: Oct 2006
Posts: 1,392
Default Is Uber Bleeding to Death?

On Mon, Sep 19, 2016 at 03:10:42PM +0100, tim... wrote:

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


Becoming the default choice for taxi services throughout the developed
world (which is what they seem to be going for) is not worth mere
millions.

What they're doing is very similar to what Amazon did early on. They
consistently lost money for the first few years, and only occasionally
made a profit since. It's only very recently that they started to make
vaguely reliable looking profits. Amazon spent those profitless years
buying the market.

--
David Cantrell | Reality Engineer, Ministry of Information

Cum catapultae proscriptae erunt tum soli proscript catapultas habebunt