@mik said in The case for shorting Uber:
"The absurd proposition: Uber could use apps to reinvent taxis and turn a low-margin business into a high-margin business by sprinkling it with high-tech pixie dust. "
Indeed. I prefer taxis or Dial 7 cars.
Uber has a shot at operating an AI-driven fleet of taxis and make a significant dent on the cost of operating taxis (potentially far away in the future). This may not be sufficient to justify Uber's valuation, but it is a qualitative difference when compared to tradition taxi companies.
No, I am not expressing any opinion on Uber's valuation here, just addressing the comparison between Uber and traditional taxi companies.