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This can't be a surprise to anyone. Given Lyfts performance, after it's IPO, the fact that UBER is not profitable and really doesn't have a near term plan to be
by WheelsAtLarge 8y ago
This can't be a surprise to anyone. Given Lyfts performance, after it's IPO, the fact that UBER is not profitable and really doesn't have a near term plan to be. The stock will continue to struggle.
They could follow the Amazon model to profits, get big enough to dominate the niche, but they at least need a profit engine, that would give them cash flow. It would let the company grow without having to continuously have to raise money and keep the stock price stable.
Look for the company to continuously raise money or to reduce service. None is good for the stock's future price.
- kahnjw 8y agoCan Uber count on being the incumbent the way Amazon did? Amazon built up physical logistics infrastructure and a subscription service that serve as a barrier to entry for competitors. Uber's only real market foothold is a network of drivers, the turnover rate of which is high. To most users, ride shares are a commodity. Savvy user's already check available services prior to booking.
- deleted 8y ago[deleted]