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It's fine to spend money driving a new market but you eventually have to capitalize on it. How will that work? Large price increases, or just betting that dri

It's fine to spend money driving a new market but you eventually have to capitalize on it. How will that work? Large price increases, or just betting that driverless tech will eliminate costs and get them to profitability? Also, they already have substantial scale. When would one reasonably expect them to stop losing so much money?

fstuff 9y ago
Just take a look at Didi. They won the market in China and now prices are up, driven incentive pay is cut, wait times are up because drivers are leaving the platform because pay is down. https://www.google.com/amp/amp.timeinc.net/fortune/2016/09/14/didi-china-users-prices/%3fsource=dam https://www.google.com/amp/amp.timeinc.net/fortune/2016/09/1...
valuearb 9y ago
When they stop expanding worldwide. The world is an extremely large place. Paying drivers hundreds of dollars to sign up with Uber in hundreds of countries is a massive startup expense.
origami777 9y ago
I agree with you. I was simply trying to address the comment that it's "just an app".