Sharing Economy Is No Threat to Cars, Einhorn Proclaims

Bloomberg – May 5, 2016

With Uber Technologies Inc. attracting valuations $10 billion higher than General Motors Co., you may be forgiven for heeding whispers that the sharing economy will one day kill off legacy rivals in Detroit. Greenlight Capital Inc. President David Einhorn, however, isn’t in a forgiving mood. He said the death of the car industry has been greatly exaggerated by the kind of people who don’t need a parking space.

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