Re: Uber's Financial Plan
I have to admit, I did think their business plan was somewhat inspired by South Park:
1) Spend vast amounts of money stealing underp^H subsidising taxi rides to drive all other taxi companies out of business
2) Develop AI taxis so they could fire all their drivers. Which wouldn't cost anything as the drivers are all "self employed"
3) Monopoly Profit!
If they've had to even partially abandon step 2), that leaves them with large amounts of debt and a lower chance of paying it off.
Admittedly, as other people have perhaps cynically noted, the execs of the company have no doubt already cashed out as much as they can.
But it does make me wonder if Uber itself will still be around, this time next year...
Biting the hand that feeds IT
