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Coronavirus is forcing Uber to return to its start-up roots [WP]

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SmittenKitten
2041 Rider
 Posted 1 month, 2 weeks ago

Good read.

Coronavirus is forcing Uber to return to its start-up roots

For years, Silicon Valley start-ups have built a culture that relies on moving fast and turning on a dime. Failure is accepted, but companies and founders need to quickly find a new path forward. Venture capitalists — and now traditional investors — have poured billions of dollars into these companies with the faith they will figure out how to eventually make money, much like tech giants before them.

The global pandemic presents the biggest test of this class of large start-ups, which also includes Airbnb and WeWork. It’s putting a huge strain on their business models, raising the question of whether they are too established to innovate.

https://www.washingtonpost.com/technology/2020/05/26/uber-coronavirus-pivot/


Comments

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    AKalligon
    47
     1 month ago

    I guess they do have their billions.

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    AndrewCalam
    71
     1 month ago

    I didn't know Uber almost bought GrubHub.  They should have while they had the chance.

    Lyft staying the course is...reckless?  I did see they are trying to start a food delivery service...