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How is it a scam? I'm using it and I'm not being scammed. Drivers are getting paid, they are not being scammed. Investors know it's not profitable and operatin
by pkalinowski 7y ago
How is it a scam? I'm using it and I'm not being scammed. Drivers are getting paid, they are not being scammed.
Investors know it's not profitable and operating at loss, yet they keep investing.
Uber is not lying and report their numbers accurately. They don't report unflattering numbers, which is telling, but still - it's not scam.
- garlandkey 7y agoScam was a poor word choice. That said, their entire business model is a house of cards and certainly isn't future proof. Uber doesn't seem to be planning for the future very well and will have no way to compete with Tesla (if their vision pans out).
- simonblack 7y agoInvestors know it's not profitable and operating at loss, yet they keep investing. Otherwise known as "There's one born every minute." Uber (and Lyft, et al.) are in competition with traditional taxis. There's a good reason taxis are more expensive, which is that taxis have to break even, at the bare minimum. If Uber charged what the service costs, there would be no difference in costs to the consumer between using a taxi or calling a Uber. It's the dumb investors which are making up that difference. They won't be dumb forever.