111–120 of 424 posts
Has there been a startup in recent history that was losing this amount of money per year (planned or not) that ended up going green and successful?
Presumably this is intentional -- Uber could raise prices and make more money, but right now they're choosing to keep prices very low in order to undercut Lyft and the cab companies with the assumption that having a monopoly will return more profits in the future. At least anecdotally, here in SF Lyft is almost always more expensive than Uber.
I tried Lyft the other day, but after they charged me $25 as an "authorization hold" without notification, I cancelled my ride and decided to stick with Uber. Note that Uber's auth charge is usually around $1. $25 may not be a significant amount for some, but it's non-trivial for a college student like myself. I would have been happy had they just notified me first instead of my bank. Terrible UX to be frank. I actua…
Uber: the worlds fastest growing charity.
Why does the idea of venture capital charity seem so hilariously backwards?
Earlier quoted context omitted.
Yes, but the amount is held for a few days. Even after cancelling the ride, it took 3 days for the hold to clear. I'm still building credit (no history), which is why I'm not using a credit card. I believe holds only take place with debit cards.
Using a credit card builds your credit. Just remember to always pay it back (in full) on time.
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I don't know how people get this impression, unless it is by only reading the comments on this site and never reading any primary sources. Uber's "self-driving" tech is currently unable to do things that other companies were doing years ago. Google's car took a blind man to Taco Bell in 2012. Uber's car has two engineers in the front seat and still blows stop lights and can't make a right turn.
Yea, Google drove a blind man to Taco Bell in 2012 and still hasn't released a self driving car 4 years later. Meanwhile, Uber's been in the self driving car business half that time? They already looks more likely to actually have these things on the road, and, they have the incentive, and cash pool to do it. Another reason people "get this impression" is that Google has a history of interesting projects that never m…
Presumably this is intentional -- Uber could raise prices and make more money, but right now they're choosing to keep prices very low in order to undercut Lyft and the cab companies with the assumption that having a monopoly will return more profits in the future. At least anecdotally, here in SF Lyft is almost always more expensive than Uber.
I would just take Juno. The drivers here in NYC are only doing Uber to get enough ratings to qualify for Juno. Uber went way too far squeezing drivers, it's a mess. I've seen their Uber pool earnings ... It should be illegal.
Presumably this is intentional -- Uber could raise prices and make more money, but right now they're choosing to keep prices very low in order to undercut Lyft and the cab companies with the assumption that having a monopoly will return more profits in the future. At least anecdotally, here in SF Lyft is almost always more expensive than Uber.
I would just take Juno. The drivers here in NYC are only doing Uber to get enough ratings to qualify for Juno. Uber went way too far squeezing drivers, it's a mess. I've seen their Uber pool earnings ... It should be illegal.
Uber is making the rest of us in SV look terrible. 1. Collect a huge pile of money at sky-high valuations from those who really should know better. 2. Ignore any sensible unit economics and undercut local taxi/transport services until those small businesses go bankrupt since they don't have Uber's money pile. 3. Evade local regulations that everyone else follows in the name of 'innovation' even though the reality is…
Evade local regulations that everyone else follows in the name of 'innovation' even though the reality is they are just taking a free pass on conducting background checks, and skipping safety guidelines. When they replace all taxis, do they really think they can just permanently ignore all driving laws? Since when do hackers bleat about obeying laws and regulations? What happened to having a "we can do better" mindse…
Since when does hackerdom constitute blindly following dogma, whether it be libertarian or not?
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When you're so broke that an extra couple of dollars will put you in overdraft territory, it's not reasonable. At least they inform you in most hotels. I have not used Lyft - I would hope they do the same.
Not to sound rude but someone who's that short on cash might be better off going by public transit, walking, or using a bicycle.
My understanding is that in mature markets, Uber is profitable. The issue is that it takes a few years to become profitable in a market and so it's extreme growth pushes out profitability on the whole for a few years
Not before destroying any competition with cripplingly low rates. That's the problem: I can't hail a goddamn taxi anymore, despite it being cheaper by any back of the envelope calculation for society as a whole.