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How much driver runway does Uber have left at that churn rate?

• uptown 11y ago
  Not sure, but that churn rate may also be impacted by these changes they seem destined to make in order to drive profitability: https://twitter.com/NeilAnAlien/status/627873374505562112 https://twitter.com/NeilAnAlien/status/627873374505562112
  • sk5t 11y ago
    In other words, Uber would like to create a lucrative monopsony... nevertheless one imagines they are already doing their damndest to extract maximum value from the market while both maintaining overall market growth.
    • uptown 11y ago
      Their usual strategy is to enter a new market, and pay drivers a higher rate and charge customers a lower rate (or provide discounts and coupons) to encourage growth. Once they're established, adjust those rates until they balance supply/demand. https://pbs.twimg.com/media/CLcMATPUsAAWceX.jpg:large https://pbs.twimg.com/media/CLcMATPUsAAWceX.jpg:large
      • DarthMader 11y ago
        Uber gave a month of free rides (~$25 limit I believe) when they came in my market a few years ago. Lyft had gotten their the month before and only offered like 3 free rides. They were crushed.