One-quarter of Uber's business happens in just five cities

Re:One-quarter of Uber's business happens in just five cities by blakesterz on Friday April 12, 2019 @03:19PM (#19648131)

The last line in the article answers that pretty well:

"One thing the filing makes clear: It wouldn’t take a global movement to stress the company’s business model. A couple big-city mayors could do that all on their own. "

[ Parent | on HN ]

Re:One-quarter of Uber's business happens in just five cities by kevin_thibedeau on Friday April 12, 2019 @03:36PM (#19648270)

Their business model is unconstrained growth to funnel money into side projects. That can't persist forever. If they just stuck to their core business they could easily be profitable as taxi 2.0.

[ Parent | on HN ]

Re:One-quarter of Uber's business happens in just five cities by pwinnski on Friday April 12, 2019 @03:56PM (#19648427)

Is the net cost of these "side projects" greater than the $1.8B Uber is losing? I'm missing that in the S-1 if so.

[ Parent | on HN ]

Re:One-quarter of Uber's business happens in just five cities by empath75 on Friday April 12, 2019 @03:38PM (#19648284)

it doesn't cost that much to pay off a mayor.

[ Parent | on HN ]

Re:One-quarter of Uber's business happens in just five cities by vuln on Friday April 12, 2019 @03:44PM (#19648329)

The "Government" is real cheap in Chicago.

[ Parent | on HN ]

Re:One-quarter of Uber's business happens in just five cities by rudiv on Friday April 12, 2019 @03:57PM (#19648438)

Yeah, a children's book in every Uber.

[ Parent | on HN ]

Re:One-quarter of Uber's business happens in just five cities by phowat on Friday April 12, 2019 @03:55PM (#19648410)

I'm willing to bet the low hanging fruit if you're gonna bribe a mayor from that list is São Paulo.

[ Parent | on HN ]