September 6, 2016

Uber: Whoops

uber
The blame: China.  (Does everything get blamed on China?)
Consolation: They’re sitting on $8 billion in cash.

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  1. No ‘Whoops’ at all….this is a concerted TNC strategy at the moment….claim/retain market share with massive negative cash flow. Lyft is likely in a similar situation for the last year or so. This will only go on for so long before VCs figure out that they’re throwing away cash for small moves in market share….this can’t be sustained for long. Watch for more competition based on service differentiation and partnerships/alliances in different markets, similar to airline alliances.
    In the meantime, for those markets that have accepted Uber and Lyft, it represents one of the few re-distributions of billionaire cash (VC, big investor cash infusions) back to more typical working folks in the form of job pay (drivers) and subsidized fares (passengers). Enjoy it while it lasts.

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