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Uber raises an additional $1.2B at $40B valuation to fund Asia expansion

5 pointsby davidiachover 10 years ago

1 comment

lkbmover 10 years ago
I&#x27;m curious what the major expenses for Uber are. Do new investments mostly going to dealing with regulators, or marketing&#x2F;promos to simultaneously bootstrap a critical mass of drivers and users in a new city?<p>If it&#x27;s the latter, there&#x27;s a silver lining for Lyft: Uber&#x27;s breaking into new markets for them. Otherwise, it just means Lyft is falling further behind. Network effects make this industry somewhat of a natural monopoly, right?