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Ridesharing is dead globally, in almost every country all at the same time. This is as catastrophic position as Airbnb, except Airbnb was profitable. I'm a huge
by ping_pong 6y ago
Ridesharing is dead globally, in almost every country all at the same time. This is as catastrophic position as Airbnb, except Airbnb was profitable. I'm a huge Uber fan, a shareholder (unfortunately), and have many friends that work there currently, but this is as close to an existential crisis as they will ever face. Saying they will restart hiring is extremely naive. They could be a dead business if things don't go very right for them in the next 9 months, most important of which includes have a vaccine.
- Jommi 6y agoEhh they have the food delivery potential, and cahs reserves to survive this. What won't survive though is Lyft, leaving a tasty market for Uber to eat up in 2021.