Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate
by dylan604 on Thursday August 08, 2019 @05:05PM
(#20648760)
How is Lyft doing compared to Uber? To me, Lyft always had a more sane approach to growth while everything about Uber's corporate just gave me the willies. If Uber went away, I think the world would be a better place. I would feel bad about the drivers, but most of them are driving for multiple people anyways already.
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate
by unreal37 on Thursday August 08, 2019 @09:46PM
(#20650666)
There's another side to the equation of course. Drivers have a choice.
If Uber were to "squeeze drivers", drivers would stop driving for them. They'd drive for Lyft. They'd drive for some other company. They'd stay home.
The supply would crash.
They have no choice but to raise prices.
I guess it’s possible that Uber does so badly financially, they cease to exist. I just find it really hard to imagine that they would be forced to raise prices enough to make the old days of taxis you hailed by waving your hands on the street come back. So to me, Uber doing badly is just bad news for their drivers.