2 ms·
Haven't looked in detail, but I continue to wonder about those outsized losses. Seems they are monopolizing the market using investor dollars to price below co
by pasbesoin 10y ago
Haven't looked in detail, but I continue to wonder about those outsized losses. Seems they are monopolizing the market using investor dollars to price below cost.
Many taxi services have been their own racket. But I don't view the above as moving to a better, sustainable model -- not at the current prices.
It seems this -- Uber drivers earning more than the profit/cost structure merits -- is a stopgap towards cornering the driverless car livery ("taxi", etc.) services, at which point labor expenses significantly decline and the old-school competition has been severely crippled if not eliminated.
P.S. I'm not a user of Uber -- or Lyft, etc. Suburban car owner. By I don't like market manipulation and monopolization -- good things don't tend to follow. Even as I watch one friend benefit quite significantly -- and essentially -- from the current Uber presence.
For their sake, as well as the larger picture, I wouldn't mind being proven wrong. But I've yet to reach any level of comfort with much of these "sharing" services/businesses.