Re:CEO of Uber: Gig Workers Deserve Better
by shusson on Monday August 10, 2020 @08:14AM
(#24108418)
To be clear, they have made bucketloads of revenue, they lost profit. The OPs point was that now that they have practical market dominance, regulations will most likely favor them compared to small start-ups.
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Re:CEO of Uber: Gig Workers Deserve Better
by mumblemumble on Monday August 10, 2020 @09:11AM
(#24108856)
Focusing on revenue and revenue growth makes sense for some companies, especially ones where you can expect economies of scale to eventually become a major factor.
When the company's business model is this transparently an elaborate scheme to sell dollar bills for $0.75, though, focusing on revenue starts to seem like either committing or being taken in by a very elaborate version of lying by omission.
Re:CEO of Uber: Gig Workers Deserve Better
by heavenlyblue on Monday August 10, 2020 @09:19AM
(#24108908)
They have no dominance, they just proved to a bunch of other taxi companies up to which point their business model is viable.
And by relaxing the regulations they will be making that job for smaller startups only easier.