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Bot these companies are heavily funded and are not currently operating 100% based on their own revenue. Once these companies go public, you'll know the real imp
by calvinbhai 8y ago
Bot these companies are heavily funded and are not currently operating 100% based on their own revenue. Once these companies go public, you'll know the real impact of these companies.
Until now, they have been good with providing employment/independence to many people, while improving transport options to the public.
But, once they go public and they cannot throw money at drivers/riders, I expect many drivers to be negatively affected mainly because they start with a new car, purchased/leased through a subprime loan lender, when initial earnings are high. They start feeling the pinch a few months in, when they realize their bonuses are reducing and they are working more days in a month to payoff the car, and receive less into their account.
Sad thing is that, the same billionaires from such startups, will open a foundation/charity to help the poor, and they'll be lauded as "great philanthropists"