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Uber

File illustration picture showing the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. A Frankfurt court earlier this month instituted a temporary injunction against Uber from offering car-sharing services across Germany. San Francisco-based Uber, which allows users to summon taxi-like services on their smartphones, offers two main services, Uber, its classic low-cost, limousine pick-up service, and Uberpop, a newer ride-sharing service, which connects private drivers to passengers - an established practice in Germany that nonetheless operates in a legal grey area of rules governing commercial transportation.    REUTERS/Kai Pfaffenbach/Files  (GERMANY - Tags: BUSINESS EMPLOYMENT CRIME LAW TRANSPORT)

Just reported that Uber has taken another round of investment money and is now worth more than a couple of billion US dollars. And has a value greater than $68 Billion US dollars.

 

The only thing we can imagine is, how do you get all that money back. Imagine the amount of rides they have to sell to come even close to that amount.

 

It is the same with some buildings in Dubai, where they made the estimation that it needs to sell all rooms, every single day for over 400 years to be break even again. Sometimes these things just doesn’t make any sense.

 

For example the domain names Pizza and Business, they were sold for a 2.7 US million and 350 US million. Let’s calculate for that 350 million dollars, that means it needs to make at least 1 million USD every single year for 350 years long to be break even again. Sometimes I think the people just went mad.

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