Re:End of the Line for Uber
by brightball on Tuesday August 17, 2021 @09:47AM
(#28209785)
There's a lot of major interests out there that have essentially been at war with Uber from day 1. The cab driver's unions in different cities primarily. All of these interests want nothing more than to see Uber fail and will amplify any projections like these.
My simple question...if Yellow Cab can be profitable, what makes it so hard for Uber or Lyft to be profitable?
Re:End of the Line for Uber
by OldHand2018 on Tuesday August 17, 2021 @10:59AM
(#28210588)
Yellow Cab doesn't have to pay hundreds of millions of dollars in executive compensation, nor does it need to hire thousands of developers.
Yellow Cab's annual expenses are probably less than 1 month of Uber's AWS bill.
I feel like there's something similar happening here. It seems fairly clear that Uber's currently structured around burning a bunch of money, but...burning that money isn't critical to the functioning of a rideshare business.
People are just kind of talking past one another on this, I think.