I see Uber as our generation's Groupon. Wildly overvalued slowly heading to a cliff.
They do have revenue, but not profit, lost $3B last year despite seeing growth in revenue . The business goal (the product itself) is 10000x times better than Groupon. Car service is more direct. Groupon isn't a bad idea either, but the experience isn't as direct and as Uber. You see, emailing me / texting me offers is great, but I don't have time to scroll down and read the same kind of email everyday. If instead at…
To illegally set up a non-compliant taxi service that doesn't pay taxes, that doesn't pay minimum wage to its employees, that has been banned already in several countries, that ignores human safety introducing illegally self-driving cars, it is not a very good business model.