Musings on Markets • 0 implied HN points • 09 Jun 14
- Uber acts as a matchmaker between drivers and customers, not like a traditional taxi company. This lets them focus on technology and convenience instead of owning vehicles.
- The company has grown rapidly since it started, claiming to double its size every six months. However, it faces strong competition and regulatory hurdles in many markets.
- Investors are betting on Uber's potential future value, which might be inflated compared to current estimates. The current valuation of $17 billion seems overly optimistic given its revenue and profits.