Re:Why “Uber for X” companies are struggling even as Uber th...
by matzipan on Tuesday April 19, 2016 @06:21PM
(#11530965)
There is no way in hell that loss is going to turn into profit this millenium. Unicorn valuation is basically a very expensive game of hot potato.
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Re:Why “Uber for X” companies are struggling even as Uber th...
by ndirish1842 on Tuesday April 19, 2016 @06:39PM
(#11531048)
They are profitable in the U.S. They are unprofitable world wide because China and India are newer markets and Uber requires scale to turn profit. As they continue to gain market share and overall ridership/driver-ship, they will become closer and closer to world wide profitably.