3 ms·
fat chance in hell. as soon as uber makes money by raising prices, paying drivers less or both, many others will jump in, quickly destroying the returns on inve
by curiousjorge 11y ago
fat chance in hell. as soon as uber makes money by raising prices, paying drivers less or both, many others will jump in, quickly destroying the returns on investment.
I see uber as a giant bulldozer that is paving the way for future competitors. Once they realize there's no way to keep people locked in unless they form a cartel like the traditional taxi industry, investors will panick.
An Uber cartel is the least possible outcome because they do not own the roads, the car, the people. Do I ride the bike to work or hitch a ride? Do I use Uber or just take a taxi that's parked right across my building? Do I use Lyft or Uber if Lyft is offering cheaper ride? Is there any noticeable difference or do I even care, I just want to go from A to B and pay the least amount of money.
This is the endgame for Uber: enable future competitors to reap the returns on it's investment because they are focused on monopoly in an industry that won't make it possible.