121–130 of 143 posts
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SoftBank has a minority, 15% stake. Will they really have enough authority and juice with the other board members to execute a boardroom coup?
Yeah I thought this was meant to be a bigger stake after the rumors and the title. 15% is a large stake now, WSJ? However as someone else pointed out SoftBank has ties to some of the other investors, so who knows what the board room will look like.
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Same here. In the States I mostly use Lyft, but internationally it's easier to just use the Uber app instead of first figuring out which other options are available. In many cases installing the local apps doesn't even work because they are limited to their own local app stores. One of the next steps for those companies is probably to get roaming agreements with each other: When I'm in a country where, e.g., Uber doe…
Cologne is the fourth largest city in Germany. Was surprising that Uber didn't work there. Uber "seems" everywhere, but is largely North American.
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The missing $24 were health insurance, car insurance, pension payments for the driver etc. All not being paid. Uber is no ride share service, it is a test project to figure out if modern society will accept a larger lower income working class without any social security, and that is what all investment firms bet on.
Additionally taxis are regulated so as to create a reasonably universally publicly accessible transportation system. That is that you can call a cab and it will pick you up and you will have an understanding of the price you will pay. In an Uber/Lyft ride hailing system cabs can only be hailed via an app, and will only accept the most profitable rides. Surge pricing may also make the ride only affordable to the relat…
LOL you must never have taken a cab ride pre-Uber. Your two assertions are the two main reasons why Uber and Lyft exist.
> In an Uber/Lyft ride hailing system cabs can only be hailed via an app, and will only accept the most profitable rides.
You don't know how the Uber app works.
Earlier quoted context omitted.
Additionally taxis are regulated so as to create a reasonably universally publicly accessible transportation system. That is that you can call a cab and it will pick you up and you will have an understanding of the price you will pay. In an Uber/Lyft ride hailing system cabs can only be hailed via an app, and will only accept the most profitable rides. Surge pricing may also make the ride only affordable to the relat…
> That is that you can call a cab and it will pick you up and you will have an understanding of the price you will pay. LOL you must never have taken a cab ride pre-Uber. Your two assertions are the two main reasons why Uber and Lyft exist. > In an Uber/Lyft ride hailing system cabs can only be hailed via an app, and will only accept the most profitable rides. You don't know how the Uber app works.
Earlier quoted context omitted.
Same here. In the States I mostly use Lyft, but internationally it's easier to just use the Uber app instead of first figuring out which other options are available. In many cases installing the local apps doesn't even work because they are limited to their own local app stores. One of the next steps for those companies is probably to get roaming agreements with each other: When I'm in a country where, e.g., Uber doe…
The problem with Uber/Didi in China is that the driver will Always call to discuss your pickup location in Mandarin, which can be difficult enough face-face. The further complication is that Didi only accepts patent through a China bank account. As a result, you usually need a local friend to book your ride, even if you pay cash.
Earlier quoted context omitted.
The missing $24 were health insurance, car insurance, pension payments for the driver etc. All not being paid. Uber is no ride share service, it is a test project to figure out if modern society will accept a larger lower income working class without any social security, and that is what all investment firms bet on.
> The missing $24 were health insurance, car insurance, pension payments for the driver etc. Car insurance, maybe; car companies don't pay health insurance or pensions either for their drivers, who are also characterized as contractors rather than employees.
http://www.bbc.co.uk/news/business-37802386
Still waiting on the Inland Revenue to collect all that back NI tho’...
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Is Uber a scam, or is ride share, in your opinion? Ride share is a great servicce for people and increases safety in many areas.
Uber is (in my opinion) a scam, and (objectively) not ride sharing. 'Ride sharing' does not even begin to describe Uber. There is no sharing going on whatsoever . It's a taxi company that just ignores the law on principle to gain an advantage, while also spending VC money like crazy in a very illegally anticompetitive manner.
If Uber and Lyft are "just taxi companies" then why don't all the other taxi companies just make a similar app and then promote the idea their upstart competitors are regulation-avoiding scum? It ought to be more effective than ignoring why people use them.
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Uber should easily be profitable without driverless cars. Uber's cost to book rides is pennies, its share of ride revenues is dollars. It's likely profitable or close in north america now. The naked capitalism analysis was childishly biased, completely done without access to the necessary detail of their financials. Uber under Kalanick poured massive amounts of money into accelerating international market expansion a…
Even if they pull all of that off, which I'm suspicious of, I don't see what justifies the valuation. The only way it made sense to me is if Uber achieved the same sort of dominance that Google has in search or Facebook in social networking. But Uber's market share is declining [1], and I just don't see a moat that allows them to be able to extract monopoly/monopsony rents. Just the other day a friend caught an Uber…
Earlier quoted context omitted.
Additionally taxis are regulated so as to create a reasonably universally publicly accessible transportation system. That is that you can call a cab and it will pick you up and you will have an understanding of the price you will pay. In an Uber/Lyft ride hailing system cabs can only be hailed via an app, and will only accept the most profitable rides. Surge pricing may also make the ride only affordable to the relat…
> That is that you can call a cab and it will pick you up and you will have an understanding of the price you will pay. LOL you must never have taken a cab ride pre-Uber. Your two assertions are the two main reasons why Uber and Lyft exist. > In an Uber/Lyft ride hailing system cabs can only be hailed via an app, and will only accept the most profitable rides. You don't know how the Uber app works.
So Uber drivers are not able to decline a ride request?