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Woking to Heathrow
tim... wrote:
"Roland Perry" wrote in message news In message , at 12:15:44 on Sat, 1 Apr 2017, D A Stocks remarked: I may well take another look at Uber when I make the reverse journey at 5.00 am on Monday morning: no more messing about with cash and and, if my initial experience is anything to go by, nicer cars, nicer drivers and cheaper. What's not to like? The alleged exploitation of their workers, the implications for proportionate corporation tax receipts flowing to the UK, and the possibility that having captured the market they can hike their fares. the one thing about the taxi trade is that they can't monopolies the market through lower fares and then hike them when the competition pulls out the barriers to entry for a taxi company are so low that if you take your fares back up to the regulated maximum the competition will soon pile back in again. to keep the competition out you have to keep your fares low forever which is fine if your costs of operation really are low enough to support that, but does mean that operating an unsustainably low fare to grab market share doesn't work. History also shows that startups such as this are exceptional if they succeed in the medium-long term, so what's your exit strategy if they pull out of the Brighton market? catch the bus He's a user not an investor And they aren't selling a unique product This is just a generic observation of the venture capital funded world, not a prediction about any particular company trading today. The BBC opines: http://www.bbc.co.uk/news/business-29653830 Careful, Recliner will be along soon to tell you you are an idiot Huh? Why would I do that? I invest in many venture capital funds, and am well aware that many startups fail. I've also long thought that many IT companies are over-valued. |
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