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There has never been an above razor thin profit line for fleet vehicle operations. Uber is a subsidized taxi company. They charge people from A TO B and take a
by nickcrowley81 9y ago
There has never been an above razor thin profit line for fleet vehicle operations. Uber is a subsidized taxi company. They charge people from A TO B and take a cut of the fare. The fares are so low compared to taxis because of this subsidization. The only way they survive as this app form of a taxi is by drastically raising fares. They will be too far behind the driverless car race and crash there as well. Let alone the truth of the matter is, the technology is waaaaaaaay farther away on driverless. Read Financial Times 7 part series on Uber. They're the only ones truly on top of this sham of a company.
- arjunrc 9y agoDo you have the link to the FT series? I can't find anything on Google.
- pktgen 9y agoThe parent poster is probably referring to the Naked Capitalism series, not FT. That series is now up to 9 parts: Part 1: 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... Part 2: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-two-understanding-ubers-uncompetitive-costs.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver... Part 3: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-three-understanding-false-claims-about-ubers-innovation-and-competitive-advantages.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver... Part 4: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-four-understanding-that-unregulated-monopoly-was-always-ubers-central-objective.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver... Part 5: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-five-addressing-reader-comments-and-questions.html http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver... Part 6: http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver-part-six-bleak-pl-performance-while-stephen-levitt-makes-indefensible-claims.html http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver... Part 7: http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver-part-seven-ubers-narrative-vox-stratechery-critiques-naked-capitalisms-uber-series-defending-uber-requires-ignoring.html http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver... Part 8: http://www.nakedcapitalism.com/2017/02/can-uber-ever-deliver-part-eight-brad-stones-uber-book-upstarts-prpropaganda-masquerading-journalism.html http://www.nakedcapitalism.com/2017/02/can-uber-ever-deliver... Part 9: http://www.nakedcapitalism.com/2017/03/can-uber-ever-deliver-part-nine-1990s-koch-funded-propaganda-program-ubers-true-origin-story.html http://www.nakedcapitalism.com/2017/03/can-uber-ever-deliver...