I was just talking about this with my investment broker the day before the IPO. I asked him if he really thought the company was worth anywhere near $90 Billion and he just shook his head sadly. The company is burning cash and despite the grand claims, driverless cars are not happening anytime soon.
Don't get me wrong I love Uber and I use it a lot, but realistically if Uber is to survive, they need to start charging more and paying the drivers better and/or offering the drivers benefits. It would still be cheaper than a taxi and certainly a lot more comfortable and convenient.
I generously over tip Uber drivers. You can't make a living wage off of a bunch of 12 dollar trips that you only get a small percentage of.
Yeah Amazon did the same thing to gain market share in the early days, but despite their claims Uber is no Amazon.
https://www.vanityfair.com/news/2019/05 ... all-street
Kick Back and Relax in the Cheers! Forum. Thoughts on life or want advice or thoughts from other pca members. Or just plain "chill". Originator of da Babe threads.
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- Flightless Bird
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- "It appears that he might do the right thing, but only when supervised and cornered like a rat." – Louisiana Sen. John Kennedy
Amazon owns property and assets... Uber has an office and a computer network. They don't own all the cars like a normal cab service.
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