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At this point, I would have zero doubts about betting against Uber. The fact that company with ginormous loss continues to pursue loss-making ventures is beyond
by shubhamjain 8y ago
At this point, I would have zero doubts about betting against Uber. The fact that company with ginormous loss continues to pursue loss-making ventures is beyond me. Food delivery was already an established market in India, and UberEats had no competitive value compared market leaders when it came--except, of course, zero delivery fees. The market itself is extremely challenging and not even the biggest companies have profitability in sight, and yet for Uber it somehow fits in their long term vision.
Wake up, Uber management. No company, however appealing, can continue to raise money making a billion in quarterly loss.
- dabockster 8y agoHonestly, I've been seeing so many ads advertising referral bonuses for new Uber drivers lately that I'm surprised no one is calling them a pyramid scheme.
- kamaal 8y ago>>Food delivery was already an established market in India Same Uber model there too. `Eat this 500 rupees biryani for 50 rupees` `Let me help you order this Baskin Robbins Ice cream for 80% discount` `Diwali food festival, expensive ad on TV, Dal Maakhni at 60% discount` These people are hoping that people will get so addicted to their app, eventually they will either stop cooking(Which ridiculous at the very face of it), or stop driving/walking up to their nearest restaurant. Also, this luring people into using apps with discounts has max utility, its not a infinite trick you can play forever.
- rorykoehler 8y agoCapture market share and introduce autonomous services. This is the game plan and it's only a matter of timing. Uber might have been slightly too early. Only time will tell.