3 ms·
The problem with 50% savings on transportation prices is that it might only be temporary. Uber might have a _worse_ business model than a traditional taxi comp
by ejlangev 10y ago
The problem with 50% savings on transportation prices is that it might only be temporary. Uber might have a _worse_ business model than a traditional taxi company albeit with a better app. There's a pretty long series of articles about this, here's the first one if you're interested: http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...
- stale2002 10y agoWell, taxi companies themselves don't mean much. What matters is the drivers. And as soon as rates go up on Uber, people can switch to something else. All you need is a car and a taxi medallion(the price for which has gone into the ground) , and you too can compete with Uber if they raise prices.
- sjg007 10y agoTraditional taxis are done except probably in special cases.