Facebook, The PR Firm - Margins by Ranjan Roy and Can Duruk

”One of the jokes² at Uber was that if things ever did not work out as a ride-sharing app, we could just pivot to becoming a law or a consulting firm since we were so good at introducing ride-sharing to many cities and finding creative ways to increase awareness and gain market share. The darker way to read the joke is that Uber is less of a tech company, but a financial entity composed to find regulatory arbitrage opportunities and suck the profits dry until it can find other sources of revenue. The joke is funny because it is true.”

John Philpin : Lifestream @JohnPhilpin
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