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The profitability claim doesn't have a lot of merit for me. Uber is already priced at a level that many people don't accept, to become profitable they will like
by devalgo 6y ago
The profitability claim doesn't have a lot of merit for me. Uber is already priced at a level that many people don't accept, to become profitable they will likely have to charge prices that would drive massive sections of their userbase away. The assumption that somehow that they will be able to charge much more and lose no users makes no sense to me.
- wolco 6y agoWhere would you go? You don't have a car, don't really like public transit. Taxi fairs are higher. People will pay more and some will leave the net effect would be higher profits short term.