Mythbusting Uber’s valuation | FT Alphaville
data_society's bookmarks 2017-04-12
Summary:
"If Uber is cheap it is not because it has out innovated the incumbent cab market, which at the end of the day has access to exactly the same ride-hailing technology. To the contrary, it’s because investors have failed to recognise that the source of its greatest innovations is and always has been cheap money."