| ▲ | leptons a day ago | |
That's great that they dominate a shrinking market, because few people can afford to pay $80 to go 15 miles. | ||
| ▲ | adventured 18 hours ago | parent | next [-] | |
Uber isn't dealing with a shrinking market. They're becoming critical transportation infrastructure and their business keeps expanding year after year. $32b -> $37b -> $44b -> $52b -> $57b That's Uber's sales growth year by year. And now they're solidly profitable. The sole threat to Uber is the Waymo / Tesla automation angle. A merger is most likely there. | ||
| ▲ | lovich 21 hours ago | parent | prev [-] | |
Why do I need to care about profitability as a business if I can capture a shrinking market? /s It feels like a related statement to someone willing to burn their own country to rule over the ashes. | ||