Episode Details

Uber lost over $1 billion a year in China and sold out to its rival. In the US, the same bet won. When the winner takes most of a market, losing money now can raise your odds of winning it.

Featuring: Jack Ma, Chris Dixon

Watch on YouTube

Read the full post

Brought to you by:

Trends.vc: Discover new markets and opportunities.

HeadsUp: Know when your competitors move. Before your customers do.

Multi: Turn any content into a YouTube video.

Chapters:

(00:00) Going past the point of negative returns
(00:17) Uber's $1 billion a year in China
(00:46) Uber's price war with Lyft in the US
(01:14) Taobao's free listings against eBay
(02:00) How platforms take more once they lead

Where to find Dru:

I write an essay daily. Get them free
Follow me on X
Watch my video essays on YouTube
Follow Dru's Notes on Apple Podcasts or Spotify

Subscribe to Dru's Notes for a new episode every day.

Click here to view the episode transcript.