Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
by jartelt on Monday December 19, 2016 @09:35PM
(#13216951)
They likely are banking on the network effect of having the most drivers and users. Having a lot of drivers makes pickup times for riders shorter. Having a lot of user makes it easier to pool people together and give lower prices. Plus more users means the drivers spend less time waiting around to get a pickup. Any new startup needs to (1) get people to download their app and (2) build up enough drivers/users to get pickup times down.
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