Re:Can Uber ever make money?
by 9935c101ab17a66 on Friday April 26, 2019 @08:58PM
(#19763060)
It doesn't seem like it. In my experience, a lot of taxi companies don't have fully-featured apps even today, and the ones that do were probably motivated by the spectre of Uber. They weren't motivated to do it because they already had the market captive.
You don't even have a pension? A lot of money finds its way to companies like Uber from sources almost everyone has. Even with no pension, your bank is speculatively investing the money in your account to try and earn interest.
Re:Can Uber ever make money?
by SquishyPanda23 on Sunday April 28, 2019 @12:34AM
(#19769366)
Uber is a private company. If I own any equity indirectly it would be news to me.
Couldn't we have gotten to taxi-hailing apps without allocating a bunch of capital to companies that might never turn a profit?
I'm just curious. I don't personally care because my money isn't invested and my rides are subsidized by the people who did invest.