Friday, February 24, 2017

Uber Is Doomed

Let's be realistic here, an insane $70 billion valuation on a company that hasn't turned a profit and exists on investor money is doomed to fail. Then again, I say the same thing about Twitter and investors still keep them afloat.’s becoming more evident that Uber will collapse on its own. Barring a drastic shift in the company’s business—an implausible rollout of self-driving car fleets across the U.S., an increase of fares by three-fold, or a complete monopolization of the taxi and ride-hailing markets—Uber’s lifeline is shrinking. Its business model could collapse if one court case, and there are many, goes against it. Or perhaps more pressing, if it simply runs out of cash.