Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
by ivan_gammel on Tuesday December 20, 2016 @05:44AM
(#13218805)
In Russia Uber will definitely die from the competition. Not only many Taxi companies have good apps today and offer better services (and licensed cars allowed to use bus lanes), but there are strong competitors with similar business model (Yandex, Gett, Maxim etc etc), which are better represented in regions. The only good thing it has done, it helped to lower prices in Moscow, but I'm not sure if it's really a good thing - you must be very desperate to become Uber driver here today.
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