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Uber Revenue Slows as Quarterly Loss Surges to $1.1B

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Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#121

Post by marcosdumay »

d3andj wrote: post #44
ProfessorLayton wrote: post #11

Earlier quoted context omitted.

I don't know if I'd call it disgusting, price discrimination is a well established business practice, and your comment suggests that you continue to use Uber's service despite those practices — validating the discriminatory pricing they're giving you. It is your prerogative as a consumer to check multiple car hailing apps and pick the one that suits you best.

"It works"/"it brings profit" has nothing to do with "not disgusting". Let's not encourage that.

Well, the GP is the one that can encourage it or not, by staying with Uber or not.

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#122

Post by cm2012 »

zhobbs wrote: post #88
Androider wrote: post #30

Uber 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/…

Agree that the lock-in is weak compared to other markets. Their strategy has been to incentivize drivers and riders to not split usage between other apps. Uber drivers who do a certain number of hours or rides per day/week often get bonuses, so they'd have to forego these bonuses to split time with Lyft. On the rider side, they're pulling a play from the airline playbook, with their version of frequent flier miles an…

I'm in NYC but don't have the loyalty stuff in my app. Damn.

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#123

Post by chapium »

nemo44x wrote: post #8

Their prices are often worse than yellow cabs in NYC. They act like locals won't be able to tell but it's pretty obvious when it's a $10 more ask at a time that isn't even busy and there are yellow cabs everywhere.

If you dont like the price, decline it. The fare is what uber thinks you will pay for the service, not some agreed upon rate by the locals.

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#124

Post by mkolodny »

guelo wrote: post #100

My "Uber sucks" story is that I left a jacket in the back seat of a car. I immediately tried to figure out how to call the driver but Uber decided they needed to make money off my misfortune. Not only did they charge me $15 to connect with the driver but they refused to let me message the driver directly, so what could have been a few minutes of time turned into a week long saga. Once I finally got a hold of the driv…

It's free to contact the driver. You only get charged to pay the driver to bring you your lost item.

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#125

Post by SilasX »

asteli wrote: post #20
crunchlibrarian wrote: post #3

Uber’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.

>It's a strange world we live in when people speak poorly of 38% revenue growth.

It's also a strange world where you need significantly more than 38% growth just to stop losing money while still valued at $50 billion.

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#126

Post by janesvilleseo »

Androider wrote: post #30

Uber 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/…

Doesn’t UBER know this and that is why they are aggressively working on self-driving. Cut out the middle (hu)man and cut rates?

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#127

Post by jacquesm »

beaconstudios wrote: post #63

what the fuck is going on when a company can lose over $1 billion a quarter with no profit in sight and still receive further investment? Would they be hugely profitable if not for reinvestment in expansion and R&D?

Not specific to this case but there are forms of investment that are closer to money laundering than anything else.

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#129

Post by golergka »

Androider wrote: post #30

Uber 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/…

Try Gett. They have less drivers, but their quality is much better – they actually know the city, have excellent manners, and I've hardly ever heard any horror stories.

Re: Uber Revenue Slows as Quarterly Loss Surges to $1.1B

#130

Post by rohit2412 »

IanCal wrote: post #83
conanbatt wrote: post #53

Earlier quoted context omitted.

Their shit reputation has paved the ground for all the other apps that showed up afterwards. I dont think people appreciate how the ride-share revolution would not have happened without Uber's aggresive brand. Look at lyft, stuck in markets where uber is already there. Meanwhile, Uber fought legal battles and city governments all around the world: their staff often jailed and persecuted. What brand do you want to hav…

Why do people call it ride-sharing? It's not about sharing rides, it's just a taxi firm with an app.

Because that would make Uber illegal. They call themselves ride sharing to escape taxi regulations
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