Imagine that, and just SIX years ago, Uber did not exist!!
This should give new businesses hope that there is still a lot of money to be made from a totally new business model.
The key is to hold down expenses and start up costs.
Unlike eBay, Uber is courting business to use them, and considering how much Amazon is pushing the same day delivery (as well as Google and others), Uber does have a rather unique position in capturing quite a bit of that market...
More importantly, if you think of people as cargo, I think Uber is now one of the ten top delivery companies in the world. Swapping over their drivers from passenger to package delivery isn’t that hard of a swap.
That said, this is yet another tech company money pit. I’d save my money to buy the pieces when they go bust.
Seeking a valuation of != actually being that valuable.
No wonder...it cost my son and 4 of his buddies 200.00 from downtown Cleveland to the western suburbs. 25 minute car drive = 200 bucks. That is a fooking rip off!