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Uber’s multiple markets maybe an advantage. If they’re all equally unprofitable, perhaps not, but at least that’s plausible. Uber’s multiple verticals are dogs
by jonathankoren 8y ago
Uber’s multiple markets maybe an advantage. If they’re all equally unprofitable, perhaps not, but at least that’s plausible.
Uber’s multiple verticals are dogs, and reek of money madness. Eats is small time and loses money. I don’t know it’s financials, but I find it hard that this ancillary business is in a healthier state than a competitor who has it as their core buisness.
Uber ATG is as bad off as any other autonomous car program. There’s a growing realization that technology won’t be ready anytime soon. (See Andrew Ng’s comments about just redesigning cities to limit autonomous vehicles’ interactions)
Uber Freight is a ghost town.[0]
The of course there’s the buisness if renting and then discarding Xiaomi scooters. (Or is that not a thing anymore? I honestly don’t remember.)
Sure, I understand the logic behind all of these. Once you have a system to tell a person “Go here, and take this here,” then you can plug pretty much anything into those slots. However. No one has shown that the way they’re doing it is a sustainable business model, and it looks like it’s not.
[0] https://www.forbes.com/sites/stevebanker/2018/04/10/is-uber-freight-on-the-verge-of-going-out-of-business/ https://www.forbes.com/sites/stevebanker/2018/04/10/is-uber-...
- whoisjuan 7y agoThis is very true. Their diversification it's not necessarily a good diversification. I think only Uber Eats has the potential to produce some positive result in the mid-term, but it also depends on how much they decide ton invest on it.
- darkwizard42 7y agoUber Eats is making money... the financials are clearly listed in its S-1, https://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm https://www.sec.gov/Archives/edgar/data/1543151/000119312519... Uber Eats is currently 2nd/3rd place in market share for food delivery at around 20%, https://qz.com/1549084/doordash-overtook-uber-eats-in-us-online-food-delivery-second-measure-finds/ https://qz.com/1549084/doordash-overtook-uber-eats-in-us-onl... There is a lot more out there on Eats financials as listed in the S-1 and in previous "leaks". Definitely seems like a healthy business where I agree its revenue is much smaller than the overall ride-sharing business, but from a technology standpoint they are likely better than their competitors BECAUSE of having a core ride-sharing business with which it overlaps a lot of ideas like pricing, dispatch, ETA predictions.
- jonathankoren 7y agoThanks for the qualification about Eats. However, I don’t think the issue in food delivery is a technical. I think it’s financial.