The idea of Uber is for the Management drones to skim as much money as possible off the sucker investors and drivers. Uber is never intended to make a profit as a real business would have to, to remain in business.
Seems that the investors are finally starting to wake up that they're just suckers after all.
However, it costs as much as taxis so it's mostly a matter of preference what you order. And it has competition from Bolt.
So now it's suckering not only the investors and drivers, but also the users. And still not making a profit like taxi companies must do. So where's all that money going?
Excellent business model for the Managers. It will be interesting to see what happens to their salaries and bonuses in the near future.
Is it a viable business? Probably not but it's useful as a global taxi network. Hopefully someone can make it work without shitting on drivers.
Sometimes I contemplate getting a job at Uber just so I can figure out why I’m banned then quitting. It’s probably something dumb like a transposed digit or they banned the previous person to have this number - everyone on earth has a unique phone number that doesn’t change their entire lives, right? Wrong.