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comment by kleinbl00
kleinbl00  ·  3200 days ago  ·  link  ·    ·  parent  ·  post: The Uber Model, It Turns Out, Doesn’t Translate

Uber is sitting on a giant pile of cash but you're right - they haven't raised prices.

They cut rates instead.

That's because Travis Kalahnik is a dick.

The Uber model doesn't just not translate, the Uber model doesn't work. The startups are exploding; Pando rails about it every day. Party's over, everybody go back to work. All that's left is the tawdry confessionals and discount Aeron chairs.