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Uber's biggest risk will come from competitors or co-ops eating into their 20%-25% profit margins. There are a lot of regions that like the concept of ride sha
by kelseydh 11y ago
Uber's biggest risk will come from competitors or co-ops eating into their 20%-25% profit margins.
There are a lot of regions that like the concept of ride sharing, but don't like how an American silicon valley company is capturing wealth locally and sending it to Silicon Valley.
That's why I'm convinced we will soon see efforts to make co-op versions of Uber that copy its technology, but return 95%-99% of the money in each transaction back to the driver.
- rahimnathwani 11y ago"There are a lot of regions that like the concept of ride sharing, but don't like how an American silicon valley company is capturing wealth locally and sending it to Silicon Valley." I live in China, and enjoy cheap rides with Uber. I'm pretty sure the money is flowing the other way, and investors are subsidising local drivers and riders.
- hiharryhere 11y ago"I live in China, and enjoy cheap rides with Uber. I'm pretty sure the money is flowing the other way, and investors are subsidising local drivers and riders." For now. When the local market is won then the taps reverse and the money will flow the other way.