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I'm not an Uber-hater - but they don't offer anything unique and the valuation is insane. Their problem is that if they rack up prices/commission to pay off th
by goldcd 8y ago
I'm not an Uber-hater - but they don't offer anything unique and the valuation is insane.
Their problem is that if they rack up prices/commission to pay off their investors, then both their drivers and riders will simply switch to the next pre-IPO company that will connect them for less.
Uber in my mind is like all the other social media sites. We appreciate that they're the best thing to connect us at this time - but if something better comes along, both sides have no loyalty and will move on.
Can anybody imagine an Uber provider/rider they've met paying over the odds for an identical service because "they love the Uber brand"?
- noway421 8y agoI can imagine such a person. If rider values reliability, they would always open Uber app straight away and get a ride in 5 seconds. I don't think the argument of people switching to a cheaper service actually holds true that much. People don't shop around for a ridesharing service, they open up something that they know will work and work fast.