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And why would they want to destroy those companies? Uber gives them income they otherwise would not have (if they had better employment options they would use
by ars 8y ago
And why would they want to destroy those companies?
Uber gives them income they otherwise would not have (if they had better employment options they would use them - especially in the current excellent economy).
So why would they want to destroy their source of income?
- criddell 8y agoThey wouldn't necessarily want to destroy the company, but it certainly helps them negotiate. Especially since there doesn't seem to be anything particularly special about Uber anymore. They did the hard work of breaking down bureaucracies and getting people used to the idea of non-professional drivers. When Uber and Lyft left Austin, a bunch of companies popped up very quickly to fill the gap. It isn't clear to me what you are investing in if you were to buy Uber shares.
- karlakush 8y agoNegotiate for what, a larger share of Uber's losses? You can't negotiate for more money with a company that loses hundreds of millions of dollars a year.