The overriding ethos of Silicon Valley for the past decade or so has been to grow fast then exit before people can figure out if it’s a good business or not.
An interesting question is if VCs & founders will pivot to creating businesses or just cut costs and ride it out to the next bull market?
@carnage4life #Uber has lost billions of dollars so far, and is unlikely to ever be truly profitable to anywhere near the extent that they could recoup the losses. Remember when Uber was going to “revolutionize logistics”?
Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.
Dare Obasanjo
SkiBumMe