News for hackers. Stuff that matters.

A comment on SoftBank’s Vision Fund Loses $17.7B on WeWork, Uber. Parent comment

Re:SoftBank’s Vision Fund Loses $17.7B on WeWork, Uber by ghaff on Monday May 18, 2020 @05:42PM (#23228709)
>but a company-like-Uber-in-some-ways could be profitable in the future

In a sufficiently dense area, there is clearly a market for app-summoned taxis (for various values of who owns/maintains/pays for said cab). Prices may be higher than today's rideshare and volume lower. But there's a market for it. Just probably in fewer areas/at fewer times/with more expensive rates than today.

[ Parent | on HN ]
Re:SoftBank’s Vision Fund Loses $17.7B on WeWork, Uber by Udik on Monday May 18, 2020 @06:37PM (#23229199)
> In a sufficiently dense area, there is clearly a market for app-summoned taxis (for various values of who owns/maintains/pays for said cab)

Oh well. For sure, but it's a pretty vague statement, isn't it? We're not talking about some modest value that can keep some small company running; we're talking about $75 billion value. I'm sure that not one, but many small companies can thrive providing local services to taxi drivers collecting and dispatching hails. But that's a far cry from that to a single global company valued at almost a hundred billion dollars.

[ Parent | on HN ]