Re: Why does Uber even exist and Too Big To Fail
and when all the comptition goes to the wall? what then?
Uber raised it prices and the VC's who put up the ante get even richer.
We get screwed because there is no competition left.
Uber still claims that its drivers are not employees. Where the ruling goes against them, they pull out leaving a void because they have made their money (the VC's that is).
They go public and fail to produce those miraculous profits, the share price tanks.
Read up on the South-sea Bubble. Uber is just a modern version.
mines the one with a local Z-A in the pocket because in the post Uber world, I'll be doing a lot more walking.