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by msmith10101
3104 days ago
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Revenue/user growth are irrelevant if your business model is to raise money for goods/services that cost you more money than you can charge from random users who have no brand loyalty. Uber's in a market in which there are no barriers to entry. It's a race to the bottom and waymo/lyft have better strategies thus far. (Lyft: raise less money at a reasonable valuation - stick with a crappy product in markets that actually matter, Waymo: Go fully autonomous using Google tech). Uber is the worst of both worlds. 2020 sounds reasonable to me after a snap-style IPO - Uber burns a lot more money than Snap :-) https://www.forbes.com/sites/lensherman/2017/12/14/why-cant-... |
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Tell it is Instagram.. haven't generated single dime yet sold for billions.
Google integrates Uber in their maps long time ago.. wouldn't be surprised they would want to buy it regardless of their financial situation.