People seem to miss the part when Uber has a lot of mindshare and users with the app already installed. That is part of why they are valued so heavily. There is a giant and obvious market out there and Uber won't be competing on even ground since they already have their app installed in so many places.
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People seem to miss the part when Uber has a lot of mindshare and users with the app already installed. That is part of why they are valued so heavily. There is a giant and obvious market out there and Uber won't be competing on even ground since they already have their app installed in so many places.
When switching costs are low that mindshare isn't worth too much.