7 ms·
It is, in the short term. Then Uber beats out all competitors, then stops subsidising rides. Suddenly they won't look so good.
by untog 10y ago
It is, in the short term. Then Uber beats out all competitors, then stops subsidising rides. Suddenly they won't look so good.
- JumpCrisscross 10y agoUber is profitable in "some" of its top markets, i.e. "New York City, DC, San Francisco, Chicago, Los Angeles" [1]. Those are also markets with competition at both the national, e.g. Lyft, and local, e.g. Juno, Via, et cetera, scales. [1] http://www.businessinsider.com/ubers-revenue-profit-and-loss-2015-8?r=UK&IR=T http://www.businessinsider.com/ubers-revenue-profit-and-loss...
- stale2002 10y agoThe "short term" has become pretty long, so far. People were saying the same thing 5 years ago, but I've still got my 5$ taxi rides.
- toomuchtodo 10y ago[removed]
- stale2002 10y agoAmazon has been around for 20 years. I am not particularly worried that Uber could raises prices on me.... 20 years from now.
- deleted 10y ago[deleted]
- mrgordon 10y agoWell Uber has been raising more money at higher valuations as a premier unicorn but now they're headed to down round central and the pressure will be on to make money sooner rather than later. Especially with the revelation that the self driving technology that they were counting on was stolen...
- untog 10y agoBecause Uber keeps taking on VC money. If you think that can continue permanently then you're deluded.