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I really wonder if Uber will stop doing these shady shenanigans before their business runs into the ground. I guess they'll be around for a long time with the e
by yladiz 10y ago
I really wonder if Uber will stop doing these shady shenanigans before their business runs into the ground. I guess they'll be around for a long time with the enormous amounts of money they're been given through investments, but I feel like, at least in the US, where consumers prefer companies that aren't blatantly distasteful, people will start switching to other companies that have better PR or go back to the traditional taxi services. If what was said in February was true, that they're profitable in the US (which is difficult to believe because I doubt Uber uses GAAP), then they will eventually find themselves in a difficult position with one of their primary markets losing interest in their product. But, on the bright side, at least they're unlikely to have to worry about losing billions of dollars in China as much considering the new law that passed about ride hailing since they won't be providing the same incentive for drivers anymore[1].
1: http://qz.com/745337/china-finally-made-ride-hailing-legal-in-a-way-that-could-destroy-ubers-business-model/ http://qz.com/745337/china-finally-made-ride-hailing-legal-i...