I think Uber (and Lyft) are absolutely adding value. I now regularly take ride shares when I would previously have driven or extremely reluctantly taken cabs. I also talk to my rideshare drivers and the platforms provide some much needed cashflow (and perhaps day-filling) for people who seem genuinely happy to avail themselves of the income opportunity provided.
I see no reason to think that those two companies couldn't be quite profitable in their core businesses in their established cities. (I think they already are.)
That said, their valuations in the market are comically/insanely/unjustifiably high, but that's quite different from saying they "add no value".
I see no reason to think that those two companies couldn't be quite profitable in their core businesses in their established cities. (I think they already are.)
That said, their valuations in the market are comically/insanely/unjustifiably high, but that's quite different from saying they "add no value".