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Neither of those apps are profitable yet. Even if there was a huge opportunity there, Uber didn't have the cultural understanding necessary to execute well, and
by Invictus0 8y ago
Neither of those apps are profitable yet. Even if there was a huge opportunity there, Uber didn't have the cultural understanding necessary to execute well, and didn't have the funds to fight a global war of attrition with every other ride-hailing company.
- rightbyte 8y agoUber being a money sink is the biggest VC joke ever. I can't understand how they are losing that much money while having no car expenses, providing an app, customer support and some certification service for the drivers. Their developer and RnD departments has to be way too bloated and the ambitions way too high.