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Re:Uber's Still Not Profitable by elisharobinson on Sunday August 07, 2022 @04:30AM (#32374883)
i am not siding with Uber but to claim that they are going to fail is a bit of hyperbole . the value proposition is quite simple for both drivers and passengers . for drivers you would make more income by driving more consistently , for passengers you get a cab instead of shouting like a cave-person on the street. It is true that there is an element of bezzle with money pumping and dumping over the last few years . They can be profitable as a much smaller company.
Re:Uber's Still Not Profitable by ginko on Sunday August 07, 2022 @04:46AM (#32374943)
>for passengers you get a cab instead of shouting like a cave-person on the street.

Maybe I'm a cave person but to me just waving to hail a cab or just entering the first car in line at a taxi stand seems much more convenient than having to fiddle around with a mobile app and wait until it arrives.

Re:Uber's Still Not Profitable by bergenty on Sunday August 07, 2022 @05:36AM (#32375133)
Maybe if you live in the very heart of big cities. Otherwise there’s no way most of the US can flag a taxis. Uber replaced limo service which costs atleast three times as much.
Re:Uber's Still Not Profitable by golergka on Sunday August 07, 2022 @05:10AM (#32375058)
It's convenient to you to wait for a cab to appear for 20 minutes in rain and snow instead of opening an app inside?
Re:Uber's Still Not Profitable by jon_adler on Sunday August 07, 2022 @05:22AM (#32375093)
In addition to taxi ranks in popular areas, my local area (U.K.) has local taxi companies with their own apps. You can even still call them on the phone (quaint as it is) to make a booking.
Re:Uber's Still Not Profitable by mst on Sunday August 07, 2022 @06:12AM (#32375295)
Same in my bit of .uk.

Now, admittedly, the app I use most often is stunningly ugly and has almost zero features, but it -does- have the feature of 'reliably producing a taxi when I type my name and location into it' and so long as that part works I don't really care much about anything else.

(in several areas of .us I've found that the taxi experience is "call them, one might turn up at some point" so I can see uber's tracking of the car as it approaches to be a welcome security blankie for people who've been traumatised by the local taxis)

Re:Uber's Still Not Profitable by wegwerfbenutzer on Sunday August 07, 2022 @04:50AM (#32374962)
Not if these taxi drivers do their best to scam you.
Re:Uber's Still Not Profitable by hatenberg on Sunday August 07, 2022 @04:34AM (#32374898)
Many cities in the world have cabs on equally capable apps now so that competitive advantage is gone. Nobody screams like a cave person on the street anymore
Re:Uber's Still Not Profitable by rciorba on Sunday August 07, 2022 @04:41AM (#32374919)
And even before apps became common-place, in Europe it was common to call a dispatch and ask for a cab at an address.
Re:Uber's Still Not Profitable by sneak on Sunday August 07, 2022 @04:50AM (#32374960)
Uber was founded because the same was true in SF; however then oftentimes the cab only arrived after an hour, if at all.
Re:Uber's Still Not Profitable by seanhandley on Sunday August 07, 2022 @05:02AM (#32375025)
I live in rural UK. We have several local taxi companies that reliably turn up within minutes. It's been that way for decades.

The only really interesting value add to Uber was app-centric interactions (as opposed to a phone call), giving the ability to pay by card (instead of cash), and to track the taxi in the app.

Many local taxi firms are using apps too, so those advantages are gone. If this plays out the same in all geographies then Uber has already lost the taxi game.

Re:Uber's Still Not Profitable by matsemann on Sunday August 07, 2022 @06:15AM (#32375307)
Same in rural area I grew up. If anything, the monopoly on being a taxi drivers is what made it possible to get a taxi year round, not just during tourist season. So we could call a cab at a random weekday and probably be the driver's only ride that day. Then they would make most of their money during high season.

Now, lots of randoms dip into the high season using these apps. No longer profitable for the taxi to operate year around. So for the locals there is no longer a reliable taxi service most of the year...

Re:Uber's Still Not Profitable by mudrockbestgirl on Sunday August 07, 2022 @04:54AM (#32374985)
It's a fair value prop in SF, where you have to scream like a cave-person while wading through poop-filled streets with gun-wielding semi-homeless trying to mug you at each corner. Unfortunately for Uber the rest of the world doesn't look quite like that and normal taxis work just fine...
Re:Uber's Still Not Profitable by thaumasiotes on Sunday August 07, 2022 @05:31AM (#32375112)
> Unfortunately for Uber the rest of the world doesn't look quite like that and normal taxis work just fine...

Not in the slightest. One of the biggest problems with normal taxis in Shanghai is that they won't stop if it's raining. And it rains all the time. I don't suddenly need a taxi less if it starts to rain; if anything, I need one more.

Re:Uber's Still Not Profitable by waspight on Sunday August 07, 2022 @05:45AM (#32375183)
What is the reason behind that?
Re:Uber's Still Not Profitable by elisharobinson on Sunday August 07, 2022 @03:06PM (#32378891)
you make the car wet with wet clothes and shoes , smell wont go unless you dry it in the sun ... and if you dont dry it out it will smell like wet socks ...
Re:Uber's Still Not Profitable by thaumasiotes on Sunday August 07, 2022 @01:54PM (#32378270)
Walking is less attractive while it's raining.
Re:Uber's Still Not Profitable by virgildotcodes on Sunday August 07, 2022 @04:56AM (#32375001)
Yeah, and god help you if you were somewhere other than a major city.

I remember calling cabs multiple times in Southern California suburbs and waiting for hours only for them never to show up.

Taxis essentially didn’t exist outside of downtown/airports. Ridesharing apps were a revolution, not that I’m defending their practices here.

Re:Uber's Still Not Profitable by andrewinardeer on Sunday August 07, 2022 @06:29AM (#32375367)
I requested a cab through the local cab app here and four turned up.

I mean, I guess it worked for me.

Re:Uber's Still Not Profitable by imron on Sunday August 07, 2022 @05:58AM (#32375239)
> but to claim that they are going to fail is a bit of hyperbole

They make a loss on every ride, but don’t worry they’ll make up for it in volume!

Re:Uber's Still Not Profitable by elisharobinson on Sunday August 07, 2022 @03:03PM (#32378876)
OP post mentions that they were profitable in Q2 2022 by raising rates . did you not read the article .
Re:Uber's Still Not Profitable by jmeister on Sunday August 07, 2022 @06:03AM (#32375256)
They could raise prices, reduce volume and turn profitable.