[devanti]

Did Uber really win yet? They haven't exited yet. Their valuation is insanely high and they are not looking to IPO, as they won't get a favorable price in todays markets. They are spending billions in China where they are not leaders yet (and unlikely to be). I don't see how they have won yet. They are walking a dangerous path with no exit in sight.

[prostoalex]

Treating drivers as independent contractors also increases liquidity for everyone else in the market, as drivers just run multiple apps (and anecdotally prefer driving for Lyft in my unscientific q&a sessions). It's like Groupon marketing budget in early days increasing awareness of all deal sites out there.

[distances]

They also have severe problems in many European countries where the consideration of the legality of the service hasn't been as lenient as in the US. One can "win" without a global presence sure, but that's something to still keep in mind.

[duaneb]

Not all companies look for short term profits over long term viability. Why exit at all?

[adevine]

Because VCs want their money back before they're dead.