Quote:
Originally Posted by oilyfan
You will have to give us way more detail. If you are talking about valuation of the company, maybe. But the business model is good. I was just in Vegas and used the service, it was very good way better than cabs there and much cheaper.
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The business model isn't good; Uber wants to compete against private vehicles and mass transit which requires both large numbers of drivers and extremely low rates. This results in Uber losing huge amounts of money and high turnover of drivers. Without constantly raising more money, Uber will be bankrupt.