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A comment on Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near. Parent comment

Re:Uber Revenue Growth Slows, Losses Persist as 2019 IPO Dra... by bduerst on Friday February 15, 2019 @09:05PM (#19176537)
Passengers won, since most rides were (or still are) subsidized from venture capital raised by the company. It's almost like a wealth distribution of it's own, through the value of on-demand transportation.

You could also talk about how it disrupted the taxi medallion market, which was an older solution to the trust problem of getting into a car with a stranger, but for many cities that wasn't really in need of disruption, just optimization.

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Re:Uber Revenue Growth Slows, Losses Persist as 2019 IPO Dra... by eeeeeeeeeeeee on Saturday February 16, 2019 @11:05AM (#19179198)
Passengers win for now, not necessarily won for good.

Do you think the public markets are going to allow Uber to keep bleeding this much cash year over year?

Prices will go up on consumers just as Uber has completely dominated the market and effectively has no competition. They’ll be able to charge whatever they want.

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Re:Uber Revenue Growth Slows, Losses Persist as 2019 IPO Dra... by bduerst on Saturday February 16, 2019 @03:55PM (#19180884)
Who cares? Markets are fluid and dynamic.

Passengers won for a while, and may keep winning, but nobody expects them to win to perpetuity just like nobody expects a market to remain static. If anyone is going to end up worse than before ridesharing, it's the people who put the money into the VC funds propping up the market.

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