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So, per you, This is much less about covid and more about a unprofitable business preparing for fundamental (And so far perceived) shifts in its market. I concl
by quietthrow 6y ago
So, per you, This is much less about covid and more about a unprofitable business preparing for fundamental (And so far perceived) shifts in its market. I conclude that because yes we don’t know how long Exactly will covid will last but we do the range (~2-3 years)and after that the their market would return unless that market is now fundamentally changed/smaller etc. which is what their move suggests.
- tw1912112 6y agoThere will definitely be massive reduction in business travel + local commute that makes up a huge chunk of Uber business that is not coming back. There is also a risk around politics, as we get into election, Uber is going to be a prime target for the Democrats, the legal bills are going to pile up pretty quickly.