Why I don't believe in Uber's Success

Re:Why I don't believe in Uber's Success by discodave on Thursday January 19, 2017 @02:34PM (#13438774)

Amazon actually didn't have much competition at a key point in it's growth, i.e. just after the dot com crash. Amazon survived, many did not and Amazon then had a few years to cement their dominance in the online shopping space.

Amazon is also very different from Uber in that it a) went public earlier and b) didn't need huge outside cash injections like Uber and c) Wasn't making a huge gross loss on sales like people claim Uber is.

I believe Uber has already lost more money than Amazon has in it's entire existence!

http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/emb...

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Re:Why I don't believe in Uber's Success by beambot on Thursday January 19, 2017 @05:24PM (#13440025)

> Amazon actually didn't have much competition at a key point in it's growth

Except for every single brick & mortar store -- which has always been Amazon's biggest "competitor".

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Re:Why I don't believe in Uber's Success by enraged_camel on Thursday January 19, 2017 @06:36PM (#13440471)

Brick and mortar stores were (and still are) extremely weak competition. That's why Amazon utterly crushed many of them and continues to do so. Not just small mom and pops either. Borders, which at one point was one of the largest bookstore chains in the nation, shuttered its doors because it didn't switch to an online model fast enough. Barnes and Noble at some point was in deep trouble as well.

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Re:Why I don't believe in Uber's Success by beambot on Thursday January 19, 2017 @07:48PM (#13440871)

Last numbers I saw had online sales across all categories at less than 10% of total retail sales. Hardly "weak competition."

https://ycharts.com/indicators/ecommerce_sales_as_percent_re...

(Note: that growth is still a good reason to be bullish about Amazon!)

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Re:Why I don't believe in Uber's Success by busterarm on Thursday January 19, 2017 @10:11PM (#13441494)

If you look into the indicators that fall into the Retail and Services sales category, there are extremely big ticket items and high-volume items that aren't sold in high volume or at all due to regulation.

All auto sales, gas purchases, alcohol & tobacco, heavy industrial equipment (commercial farm equipment, etc) are included in that category.

Online sales only being 10% of that still probably looks massively outsized if you're drilling down to B&M clothing & electronics purchases. I haven't made a B&M retail purchase any more times than I can count on one hand since 2004.

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Re:Why I don't believe in Uber's Success by beambot on Friday January 20, 2017 @11:29AM (#13444892)

Your spending habits may not be representative of the greater population.

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Re:Why I don't believe in Uber's Success by busterarm on Saturday January 21, 2017 @03:27PM (#13451932)

And that last statement about my spending habits is tangential to everything I said previous to it.

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Re:Why I don't believe in Uber's Success by beambot on Monday January 23, 2017 @01:35AM (#13460301)

> I haven't made a B&M retail purchase any more times than I can count on one hand since 2004

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Re:Why I don't believe in Uber's Success by jayjay71 on Friday January 20, 2017 @08:41AM (#13443683)

> (Amazon) didn't need huge outside cash injections like Uber

Amazon and Uber are very different companies, but this wildly oversimplifies the financing of Amazon. Amazon has taken on many billions of dollars in debt over the years in order to operate. If you add it all up, Amazon has taken (in very different terms) about as much money as Uber.

https://www.bloomberg.com/news/articles/2014-12-02/amazon-se...

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