Short answer: European startups fail to recognize that when they expand to a new market they have to adjust themselves to the rules, standards and requirements of that specific market. Are we all alike?
Ernie SmithI wonder if we should start comparing Uber to Amazon, in the way it raises infinite capital, spends tons of it on a regular basis, yet survives.
And the fact that the driving factor to the cost problem is subsidies! Are Uber's prices are gonna go way up once they succeed at killing the taxi industry?