Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
by enraged_camel on Monday December 19, 2016 @10:12PM
(#13217143)
>>The network effect for Uber is really local - at the city level. An "Uber, but only in Austin" service can easily compete with a national-level Uber
Not really. Uber customers only pay 41% of the cost of their rides. The rest is subsidized by Uber's investors. This is what allows them to compete with (read: severely undercut) taxi companies.
Local ridesharing won't have this massive advantage.
Not really. Uber customers only pay 41% of the cost of their rides. The rest is subsidized by Uber's investors. This is what allows them to compete with (read: severely undercut) taxi companies.
Local ridesharing won't have this massive advantage.