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A comment on Uber reportedly losing $2B per year, with passengers paying 41% of each ride. Parent comment

Re:Uber reportedly losing $2B per year, with passengers payi... by kowdermeister on Sunday December 04, 2016 @08:52AM (#13099975)
> with a very low entry cost since anyone car develop the same software that you do now that it's been tested and proven

Cloning the current state of UBER is a really hard task. Anyone cloning them must invest in building brand, convincing drivers and building everything else. Not trivial and all + very expensive to do. UBER is much more than a few UI widgets in a native app. They have 8000 engineers. Do you think they sit all day around and play Doom?

> extremely highly regulated so you're highly dependent on government's good will

True, but they seem to get away with it in most countries. Many old businesses were unregulated for a time being 100 years ago.

> live in a world where competition is a religion

Still, close-to-monopolies exists. Google currently dominates search in world where competition is religion.

[ Parent | on HN ]
Re:Uber reportedly losing $2B per year, with passengers payi... by kowdermeister on Sunday December 04, 2016 @12:46PM (#13100832)
Edit: 2000 engineers and 8000 repos

http://highscalability.com/blog/2016/10/12/lessons-learned-f...

[ Parent | on HN ]