Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ...
by untog on Thursday December 04, 2014 @01:34PM
(#8700834)
Hardly difficult. Once you have a monopoly position you just add a clause to the terms and conditions that you may only use Uber if it's the only service you're signed into at the time.
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Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ...
by nthj on Thursday December 04, 2014 @01:57PM
(#8700952)
I always thought Uber avoided such a clause now and would continue to do so in the future, regardless of monopoly status, because their contractors being reclassified as employees would be disastrous to their business model.
Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ...
by icebraining on Thursday December 04, 2014 @01:42PM
(#8700876)
But how do you get the monopoly position in the first place? Also, that assumes the law doesn't invalidate those clauses.
Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ...
by untog on Thursday December 04, 2014 @01:45PM
(#8700895)
As I said in the original post, by using VC cash to undercut competition and drive them out of business.
Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ...
by icebraining on Thursday December 04, 2014 @02:00PM
(#8700970)
And others can't get VC cash, why?
Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ...
by untog on Thursday December 04, 2014 @02:12PM
(#8701025)
VC cash isn't infinite, and the amount available today won't last indefinitely. And are many VCs really likely to invest in a new startup when Uber just got over a billion dollars of cash? You can be as innovative and disruptive as you want, you're still going to have an extremely hard time beating a company with $1.2bn in the bank.