Hamish Douglass, co-founder of a large fund Magellan Financial Group, which manages more than $ 37 billion, said that Uber is practically no chance of survival in the next decade - by AMarkets materials.
«Uber has been losing money, its strategy of raising capital - a Ponzi scheme," - he said at the annual conference of the stock brokers and financial advisors in Sydney.
Douglas argues that Uber is under threat from the moment when the market began to appear autonomous cars. In addition, competition in this industry is constantly growing, as the barriers to entry into the industry is almost there.
