Uber. WeWork. I'm at a loss - the real 'growth' story

If you'd entrusted Uber's value of US$76.5 billion to Uncle Sam, you'd be paid US$1.84 billion annually…without lifting a finger.

But I digress, Uber is a growth story.

Therefore, any comparison with something so boring and staid as a government bond is completely irrelevant…at least that's the narrative during this period of complete and utter disconnect from reality.

So how does Uber increase revenue growth?

More people hailing an Uber? More people wanting lukewarm food to be delivered? That's one way.

But there's a fair bit of competition out there.

Lyft. DiDi. Ola. GoCatch. Taxify. Scoot. HOP. Deliveroo.

Each of these is offering loss-leading deals to attract customers.

Bump up prices? Not so easy with all that aforementioned competition.

Another way is to take a greater cut from your 'independent contractors'.

It appears that's already happening.

An investigative report published by Jalopnik (an auto-based website) on 26 August 2019, found that…