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Their software engineering overhead is just insane. I found some numbers from 2018 which states that there are about 90 000 FTE Uber drivers to some 1000s engin
by rightbyte 5y ago
Their software engineering overhead is just insane. I found some numbers from 2018 which states that there are about 90 000 FTE Uber drivers to some 1000s engineers. It is really strange setup for a cab company.
They are using their scale for bloat rather than a scale advantage.
https://www.epi.org/publication/uber-and-the-labor-market-uber-drivers-compensation-wages-and-the-scale-of-uber-and-the-gig-economy/ https://www.epi.org/publication/uber-and-the-labor-market-ub...
- djbebs 5y agoThe whole business has bad economics, and it's been a perfect example of Venture Capitalist charity
- deepsun 5y agoSame as Wework, but as far as I see, WeWork carved out their chunk of the market (by pricing out competition using price dumping). Now, once they killed some competitors, they are regular player on the co-working market, with regular prices. I tend to think this is bad for economy in general, as it emphasizes capital over innovation.
- kramerger 5y agoWhat stops a much smaller company to create a more efficient solution and take over the market now?
- deepsun 5y agoBillions of investment? Not unique to ride sharing, but pretty much every other common type of business.