Also - I'm not one to usually browse Buzzfeed, but this was their story to break, so props to them for getting it out there.
Also - I'm not one to usually browse Buzzfeed, but this was their story to break, so props to them for getting it out there.
I think Yglesias has the right take — the very qualities necessary to make an legally-grey service successful are going to become antithetical to them succeeding as a normal, law-abiding, “legally white” service. http://www.vox.com/2014/11/18/7240295/uber-privacy
But they've raised money at a $17 billion+ valuation, from people who invested on the theory that they at least have a shot at a x5 profit -- so they need to target a valuation of $100 billion or so.
Which means that "make a popular service that people use and which has value and that is capable of turning a sustained profit" is now abject failure for them.
Success for Uber looks like "become part of the fundamental infrastructure of large parts of the world." It is NOT clear that they are on track to do that, and failure to do that is a real possibility, in a way that "failure to have a popular service that can make money" is not really a possibility.
I fully expect Sidecar to just give up in Chicago any day now.