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Okay, but you can expect a car to last upwards of 10 and you own it. If you decide you want to drive down the coast, you can do just that. I think services like
by gormz 8y ago
Okay, but you can expect a car to last upwards of 10 and you own it. If you decide you want to drive down the coast, you can do just that. I think services like this are way overhyped and wouldn't exist if they saved you money.
- zilian 8y agoWell they actually operate at a loss, so it wouldn't be so surprising if you save money using uber instead of owning a car. Magic VC money subsidize your trips ;)
- SpecialistEMT 8y agothis myth again. uber makes money on every ride. they operate at a loss annually because they invest everything in expanding to avoid paying taxes - like most companies do.
- zilian 8y agoIt's quite true that they make money on every ride - what I meant is that we get "cheap" rides while they try to win a "winner-takes-all" monopoly, because they can afford to "invest" in expanding, with heavy losses (4.5B in 2017). It's also true that it's not sure they will ever reach profitability. Therefore, my comment.