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> if you were to pay for real cost of overhead and to pay the driver How come taxis existed then? I find it hard to believe that taxis could turn a profit desp
by Nextgrid 3y ago
> if you were to pay for real cost of overhead and to pay the driver
How come taxis existed then? I find it hard to believe that taxis could turn a profit despite being very low-tech and inefficient compared to Uber.
I wonder if the real reason Uber isn't profitable is more due to "growth & engagement". How much money is wasted on US-salary engineers playing with microservices in their engineering playground or burned on ads?
- SoftTalker 3y agoA old-school taxi service doesn't need a data center to operate. They need some cars and drivers, a phone, a dispatcher, and a radio. Uber isn't profitable because their overhead is higher than a taxi service and they charge less than a taxi service.
- rafram 3y ago> they charge less than a taxi service Depends where. In NYC, taxis are usually cheaper than Ubers.