End of the Line for Uber

Re:End of the Line for Uber by thepangolino on Monday August 16, 2021 @09:45AM (#28197967)

How can a startup operating what is essentially a marketplace (Uber doesn't directly employ the driveres nor owns their cars) get a 20% cut on every transaction and still lose money?

[ Parent | on HN ]

Re:End of the Line for Uber by Vanit on Monday August 16, 2021 @09:48AM (#28198003)

By not charging the users full price until they've driven all other players out of business through undercutting.

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Re:End of the Line for Uber by spywaregorilla on Monday August 16, 2021 @09:48AM (#28198015)

Costs a lot to keep the supply of drivers there. Consumers don't want to pay prices high enough to justify the gig model. Overhead is fairly high due to many failed attempts at growth and legal and tech and what not.

[ Parent | on HN ]

Re:End of the Line for Uber by rajacombinator on Monday August 16, 2021 @10:45AM (#28198729)

Pour infinite money into AI-magic engineering projects.

[ Parent | on HN ]