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Old 08-10-2019, 11:12 AM
 
Location: equator
3,679 posts, read 1,612,429 times
Reputation: 9147

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Can someone explain WHAT their expenses even ARE?

No overhead to speak of. Contract gigs. No equipment. C'mon.
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Old 08-10-2019, 12:29 PM
 
Location: On the road
6,136 posts, read 2,978,720 times
Reputation: 11813
Driver subsidies. Due to competition and desire to gain traction in news markets Uber is constantly streaming out discounts, which come out of their pocket.
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Old 08-10-2019, 01:09 PM
 
Location: US
18,322 posts, read 18,075,073 times
Reputation: 14244
Quote:
Originally Posted by Mircea View Post
So?

I have no sympathy for morons who were stupid enough to buy Uber stock.

That's their problem, not mine.

UBER is only down 3.6% since it went public, soooooo there is no reason for you to have sympathy for them.
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Old 08-10-2019, 01:39 PM
 
18,959 posts, read 13,778,357 times
Reputation: 14409
Compared to taxi services my experience with Uber has been a million times better
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Old 08-10-2019, 02:52 PM
 
5,394 posts, read 2,867,985 times
Reputation: 9851
The issue for Uber and lyft is they need critical mass to be profitable. To that you need driver coverage so you have to subsidize rate me until you build it up.
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Old 08-10-2019, 03:25 PM
 
10,441 posts, read 12,418,469 times
Reputation: 14569
CEO was on CNBC and mentioned the break even/turn to profitability would come in 2022......so lose billions more before it makes any money. Tesla is doing the same shell game but at least they have a product.
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Old 08-10-2019, 09:19 PM
 
976 posts, read 253,433 times
Reputation: 2208
Quote:
Originally Posted by Sand&Salt View Post
Can someone explain WHAT their expenses even ARE?

No overhead to speak of. Contract gigs. No equipment. C'mon.
Insurance....and big time investment in autonomous driving technology, as well.
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Old 08-11-2019, 04:14 AM
 
Location: On the road
6,136 posts, read 2,978,720 times
Reputation: 11813
Quote:
Originally Posted by Lowexpectations View Post
Compared to taxi services my experience with Uber has been a million times better
Same. I honestly can't think of anything about a traditional taxi that is better than Uber for me except immediate availability at taxi stands outside of hotels, malls, train stations, and airports.
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Old 08-11-2019, 04:59 AM
 
72,736 posts, read 72,559,630 times
Reputation: 50254
Quote:
Originally Posted by lieqiang View Post
Same. I honestly can't think of anything about a traditional taxi that is better than Uber for me except immediate availability at taxi stands outside of hotels, malls, train stations, and airports.
we do better with uber at the airports that allow them ... the taxi lines here in new york can be very long
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Old 08-11-2019, 06:31 AM
 
10,441 posts, read 12,418,469 times
Reputation: 14569
Quote:
Originally Posted by lieqiang View Post
Same. I honestly can't think of anything about a traditional taxi that is better than Uber for me except immediate availability at taxi stands outside of hotels, malls, train stations, and airports.
Taxis are anonymous........uber/lyft are not.

Get a weird vibe, you can bail out of a taxi a block away from your house. U/L knows where you live!

Taxi people have no idea what your name is, U/L knows name/has pic.

I've been out with people that will purposely use different sources of rides just so it becomes a random pattern. Going out of town for a month, taxi leaving from the corner vs. their actual house then just U/L home.
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