could dive into plenty of new lines of business in search of profits. Short-term, its biggest advantage is its size — and the pricing power that comes with market dominance.Uber's unimpressive IPO shouldn't have surprised anyone.
At yet, even with all the initial Wall Street hatin' and shares down 12% out of the box, Uber is still valued at over $70 billion — nearly $20 billion more than General Motors.For Uber, the short-term path is clear. The company must continue to grow revenue at the expense of profits, which have thus far been non-existent and aren't likely to materialize anytime soon.
Khosrowshahi has also indicated that Uber might pursue new lines of business — or, if self-driving cars can eliminate drivers, an obvious major cost, turbocharge the current core business . Uber could also turn itself into an advertiser on wheels, not just empowering brands with the vast amounts of data it collects but also potentially giving them screen time while a passenger is bored in the back seat.
Okay, I’ll just leave this here 🙄
clusterstock uber is screwed...and your article doesn't have any cogent arguments about why it isn't
Same happened about Facebook but it's not problem.
In what decade?
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