Comment Re:Uber is a Pump-n-Dump scheme (Score 1, Interesting) 299
With all due disrespect to Uber's extant valuation projections, you've used airlines as an example. Besides the fact that people travel on the ground more than they travel through the air, airlines are notorious for having razor-thin margins, spotty track records of profitability and a tendency to go broke on short notice. Their capital stock is a double-edged sword. You may have heard a joke: "How do you become a millionaire in the airline industry? Well, you start out as a billionaire..."
The real questions about Uber are how big the new market they want to build actually is, and why some competitor won't grab substantial portions of that market from them.