"Surges" like their pricing. I like it.
Uber Revenue Slows as Quarterly Loss Surges to $1.1B
21–30 of 331 posts
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#22They could try breaking the law to boost profits. I mean have they tried that?
i assume you left off /s accidentally
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#23This plus the news that Waymo is starting its autonomous ride-share service next month is a one-two punch for Uber this week. Might be one of the largest unicorns to die in our generation.
You don't get to the size they do and simply die. They'll be acquired and vertically integrated in a way that lets them be competitive on price. You can break even on the ride if you make it up in harvesting data, showing in car advertisements, having sample products placed in cars, and a million other "fremium" style revenue harvesting techniques.
They need 1 billion per quarter in "fremium" revenue to get breakeven, though. Thats _plenty_ of in car ads.
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#24Side note, I'm getting fed up with Uber... I'm a decent user, I use it 1-2 a week. Drivers have become worse. They used to have clean cars and were of all ethnicity. There also used to be a lot of women drivers. Now it's basically taxi drivers with their mate's cars. Cars are now often dirty, greasy interiors, dirty outside and bad smell. And as soon as you have a 'usual' route, or you use the app a lot, you get char…
Same for me. A heavy user of Uber. Lyft has always been more expensive for me in the past, but I guess they categorize me as "captive user". Lyft has been cheaper for me of late, so Uber lost me as a customer. At least for now.
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#25Side note, I'm getting fed up with Uber... I'm a decent user, I use it 1-2 a week. Drivers have become worse. They used to have clean cars and were of all ethnicity. There also used to be a lot of women drivers. Now it's basically taxi drivers with their mate's cars. Cars are now often dirty, greasy interiors, dirty outside and bad smell. And as soon as you have a 'usual' route, or you use the app a lot, you get char…
I hate to say I called it but... I called this years ago. Earlier in the decade, even on HN, people were raving about how much better Uber was than taxis because “the cars are so clean!”, and I kept saying, “You know this is temporary, right? And that Uber is only better in this regard because the drivers and cars are new?” Ride-hailing takes an incredible toll on cars, and with Uber pushing more costs into drivers t…
So long as I don't ever have to deal with a cabbie lying to me that his credit card machine doesn't work or they won't drive a short distance I will happily continue using the apps, even if the vehicles have gotten worse (most of my rides lately have been Minivans obviously bought to cab in).
That still gives me a much better experience than dealing with their bullshit.
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#26Uber’s sales are dramatically slowing even as the ride-hailing company is spending more to fuel global growth, particularly in its food delivery business. Revenue growth of 38 percent in the third quarter was almost half of what the growth rate was six months earlier, when the company was negotiating a $9.3 billion investment led by SoftBank Group Corp. Brutal opening paragraph
It's a strange world we live in when people speak poorly of 38% revenue growth. To me, that seems like a staggeringly huge growth rate. I looked up the numbers independently to double check, and yep. 63% revenue growth between Q2'17/Q2'18, 38% between Q3'17/Q3'18. If my own 9 year old company was growing 38% YOY I think I'd be very very happy.
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Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#27Side note, I'm getting fed up with Uber... I'm a decent user, I use it 1-2 a week. Drivers have become worse. They used to have clean cars and were of all ethnicity. There also used to be a lot of women drivers. Now it's basically taxi drivers with their mate's cars. Cars are now often dirty, greasy interiors, dirty outside and bad smell. And as soon as you have a 'usual' route, or you use the app a lot, you get char…
Let's be honest, if anything better came along, I wouldn't look back. What about Lyft?
Doesn't exist outside the US and Toronto, so not an option for many people.
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#28Earlier quoted context omitted.
You don't get to the size they do and simply die. They'll be acquired and vertically integrated in a way that lets them be competitive on price. You can break even on the ride if you make it up in harvesting data, showing in car advertisements, having sample products placed in cars, and a million other "fremium" style revenue harvesting techniques.
They need 1 billion per quarter in "fremium" revenue to get breakeven, though. Thats _plenty_ of in car ads.
Not really. They lose money by sponsoring some markets, they can just stop doing that and become less aggressive.
They made a choice to lose money and grow rather than break even and slow down.
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#29Side note, I'm getting fed up with Uber... I'm a decent user, I use it 1-2 a week. Drivers have become worse. They used to have clean cars and were of all ethnicity. There also used to be a lot of women drivers. Now it's basically taxi drivers with their mate's cars. Cars are now often dirty, greasy interiors, dirty outside and bad smell. And as soon as you have a 'usual' route, or you use the app a lot, you get char…
Let's be honest, if anything better came along, I wouldn't look back. What about Lyft?
Lyft is barely existing in my city. (updated: added 'MY' city)
Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B
#30Uber doesn't have much of a moat or lock-in effect. I just switched one day from being a frequent Uber rider to 100% using Lyft, simply because I don't like Uber's behavior as a company. The prices are so close it doesn't make any practical difference to me.
Anecdotally, among my friends I also see Lyft becoming the default, and sometimes price-checking with Uber. If Waymo or whoever came out tomorrow with a cheaper/safer driverless car, I'd just as likely drop Lyft in a heartbeat.