7 ms·
Definitely worth reading the Naked Capitalism series he mentions in a footnote: Part 1: http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-u
by bsirkia 10y ago
Definitely worth reading the Naked Capitalism series he mentions in a footnote:
Part 1:
http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...
Part 2:
http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-two-understanding-ubers-uncompetitive-costs.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...
Part 3:
http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-three-understanding-false-claims-about-ubers-innovation-and-competitive-advantages.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...
Part 4:
http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-four-understanding-that-unregulated-monopoly-was-always-ubers-central-objective.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...
Part 5:
http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-five-addressing-reader-comments-and-questions.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...
Part 6:
http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver-part-six-bleak-pl-performance-while-stephen-levitt-makes-indefensible-claims.html http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver...
- habosa 10y agoCan't upvote this enough. It's a rigorous analysis showing that Uber is running a VC-funded ponzi-scheme in their current iteration. It is possible that some future Uber innovation will make them profitable, but their current operation is smoke and mirrors.