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Your analogy is not the same. Blockbuster went bankrupt because...

  1. ABCguy
    67 Posts.
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    28/08/16
    09:13
    Post #: 18742752
    Your analogy is not the same. Blockbuster went bankrupt because people could download and/or stream movies for FREE and, even though illegal it is still popular to this day. Uber you have to COMPETE on price.

    The way I see Uber is that it just another form of transport entering the market. Based on your logic, buses and trains should have destroyed Taxis a long time ago. Taxis will still be there.
    Last edited by ABCguy: 28/08/16
    CAB Price at posting: $3.27 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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