3 ms·
Tough? Uber is already leading the market. Their only competition is from Lyft, which from what I understand isn't nearly as popular as Uber. All they've got to
by TheAdamAndChe 9y ago
Tough? Uber is already leading the market. Their only competition is from Lyft, which from what I understand isn't nearly as popular as Uber. All they've got to do is lead a PR campaign to shift public perception & they're golden. Or am I missing something?
- sverige 9y agoTough because they're not making money.
- danso 9y agoThey still compete with taxis, and the regulations and labor laws that govern taxi-like services. At some point, they'll be dealing with the effects of self-driving cars. Even though that may be a decade away, Uber has been operating at a loss to the tune of hundreds of millions every quarter even as revenue increases [0]. It's not about to run out of cash but it has plenty of existential threats to contend with. [0] https://www.cnbc.com/2017/08/23/uber-q2-earnings-loss-narrows-bookings-soar.html https://www.cnbc.com/2017/08/23/uber-q2-earnings-loss-narrow...
- paulie_a 9y agoI would say they are missing a key concept: profit. You can only provide a service at a loss for so long.
- deleted 9y ago[deleted]
- adjkant 9y ago> All they've got to do is lead a PR campaign to shift public perception & they're golden. I don't see how you do that in any sort of reasonable time without making big changes. A new CEO won't do that, and actually paying drivers more eats into that road to profitability hard.