[rajacombinator]

Not sure if a $40B company that generates staggering losses and faces brutal competition globally can be considered a rocketship any more ...

[aianus]

> faces brutal competition globally

There is no competition to Uber in Toronto. It's so cheap and accessible it's almost competing with public transit at this point.

[tdylan]

They are facing a ton of competition in their 3 largest markets. USA (Lyft 1bn+ funding), China (Didi 3bn+ funding) & Ola (couple 100mm's).

[eonw]

plus the impending lawsuits for wrongly classifying their employees as contractors... thats going to take years to play out and could hit their profitability really hard.

[jacalata]

Ola?

[tdylan]

IIRC it's OlaCab, in India.

[untog]

That isn't exactly a counter to the OP's point. Just because they don't have competition in one global location does not mean they do not have global competition.

[aianus]

Depends on your interpretation of the word globally. I took it to mean 'everywhere' or 'pertaining to the whole world' like 'global variable'.

[tdylan]

*51bn company.