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If Uber wanted to be profitable, they could be tomorrow. Their growth would slow down, and they wouldn't be able to invest in next generation technology, but th
by speedplane 8y ago
If Uber wanted to be profitable, they could be tomorrow. Their growth would slow down, and they wouldn't be able to invest in next generation technology, but they could be a very profitable business.
- dmitrygr 8y agoGiven the insanely high price elasticity of demand on rideshare, i severely doubt this. Show me anyone who does not have both uber and lyft apps, and does not immediately go to Lyft when uber prices seem a tad high (or vice-versa).
- sokoloff 8y agoI’m in that situation. I know Lyft exists, of course, and will switch if Uber gets too aggressive on pricing, so your point has merit, but I literally don’t have the app nor account there yet. OTOH, I believe Uber is already quite profitable in my city (Boston metro), so I don’t think a future of Uber as profitable overall is unachievable.