That's an entirely different conversation... I do think Uber in particular was great at creating hype and glossing over the fact that their pricing/model isn't sustainable without the substantial rider/driver subsidies and worker exploitation that let them consistently undercut traditional taxi pricing.
What I meant is that any poor market performance for Uber/Lyft could simply be a function of investors waking up to the aforementioned realities, it doesn't necessarily indicate the bursting of some broader bubble.
Furthermore, I don't even view Uber/Lyft as "tech" companies. Sure, they make software, but they're not in the software business.
nathan-io|6 years ago
What I meant is that any poor market performance for Uber/Lyft could simply be a function of investors waking up to the aforementioned realities, it doesn't necessarily indicate the bursting of some broader bubble.
Furthermore, I don't even view Uber/Lyft as "tech" companies. Sure, they make software, but they're not in the software business.