Where’s the “moat” or value for companies like Uber/Lyft/DiDi/Grab? Aren’t they essentially worthless?
by WaveML TLDR: Ridesharing companies’ massive valuations are based off of a driverless taxi future. However, it seems that in this future almost all the profits will go to the companies that have solved the hard tasks of manufacturing the cars and designing the self driving AI software, not the relatively easy to replicate task … Read more