4 ms·
Your critique fails because taxi companies and Uber have wildly different cost and operational structures. Clearly Uber is turning a healthy profit. I agree t
by hoopd 11y ago
Your critique fails because taxi companies and Uber have wildly different cost and operational structures. Clearly Uber is turning a healthy profit.
I agree that stable prices are important for public transportation and that people like them, but stable prices require regulation or an extremely healthy market. In this case we're seeing a change of regulatory powers.
- 1024core 11y ago> Clearly Uber is turning a healthy profit. Not really. They're losing money: http://www.bloomberg.com/news/articles/2015-06-30/uber-bonds-term-sheet-reveals-470-million-in-operating-losses http://www.bloomberg.com/news/articles/2015-06-30/uber-bonds...
- hoopd 11y agoInvesting heavily in multiple new markets doesn't exactly count as losing money and it doesn't mean their business model isn't wildly profitable.