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This industry has already been exposed to a recession. You just need to let your mind think beyond US borders.



Details?


Brazil


Not really relevant as Uber's main market and revenue center is definitely not Brazil...


The important thing is what impact that recession has on the business model. Is the business model counter-cyclical or at least recession resistant? Not all business models perform the same in a recession.


During a recession: On the demand side, people cut back on spending (on Ubers, for example). On the supply side, some laid-off workers will turn to the gig economy.


This is what people just do not seem to get.




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