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Is that true? Or did the market force Uber to lower prices?

• AstralStorm 10y ago
  Uber could have remained a premium cab company with a fancy app, but everything start-up is rated on growth numbers, not profit, and definitely not on profit of drivers. If not for abusing growth, it would have not raised funding and would have likely failed.
  • vecter 10y ago
    What business incentive would they have to be a black car app, if they can make more money by expanding into UberX? Not to mention, if they had remained a black car app, they might have gone out of business. Uber is a business, not a charity. They exist to maximize profits. If you understand that point, then you see why your point is irrelevant. Also, what the heck does it mean to "abuse growth"?
    • Jarwain 10y ago
      If I had to guess, abusing growth means taking advantage of the fact that a lot of investors use growth as a core metric in their decision-making process. Thus, Uber optimising for growth over any other "more reasonable" option, just to obtain funding.
• smallnamespace 10y ago
  > did the market force Uber to lower prices Even if that's true, the CEO is the right person to make a complaint to. Or do you think the cab driver should get an economics degree and acquire a fine understanding of market forces?