4 ms·
> If anyone decides to acquire new vehicles or properties to use on these platforms it's because it's profitable I don't know why you would make that assumptio
by joe_guy 4y ago
> If anyone decides to acquire new vehicles or properties to use on these platforms it's because it's profitable
I don't know why you would make that assumption. See https://www.wsj.com/articles/how-uber-makes-its-drivers-pay-11565737028 https://www.wsj.com/articles/how-uber-makes-its-drivers-pay-...
> Most Uber drivers seem unaware of how their job costs them when it comes to the value of their cars.
Someone needs money for groceries. A bank will lend them money for a car but not groceries. They use Uber as an inefficient means to turn said loan into cash for groceries.
There's no reason to assume that Uber drivers have priced out devaluation and/or have the long term in mind.