201–210 of 430 posts
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Pools are where the money is at, IMHO. If they can put together a good predictive transportation model, then I think they will really have a killer app. Personal transportation is just too costly for regular use. But having an "Uber Bus" that shows up down the street from your house right when you need it, then can bring you home right after work for maybe $5/day will have wide-spread appeal.
that's called public transit
What's the point of these speculative pieces that just list pros and cons? Give me actual projections, explore what it would take for them to be profitable. Otherwise it's just not that interesting
So much of the news is now just speculative junk where after you finish reading the article, you realize you got nowhere and just wasted your time. Sometimes I'm embarrassed at how much time I've wasted on junk news.
"Uber can't make money and here is why" is a factual claim and news. Those are the stories that the economist should be writing. "Can Uber ever make money" is pure speculation and a waste of time.
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> Without the innovation of the Uber app, I had local services with an app before Uber, I'm sure. It's really not much of a shift from a phone call either. But then, all Uber cars are the same as private hire cans anyway here. It seems like the real innovation was being big enough to ignore the local rules. That and being able to say it's "ride sharing" with a straight face.
Wtf? It is completely different. Before Uber, you had to call dispatch, give them your location or your closest estimate of it: dispatch would then manually try to find a car that was available and send them to you. This usually took at least 30-40m, if they arrived at all. With Uber, I open the app, it looks at all available cars, finds the closest one available, and sends that car to my GPS location. Oh, and if tha…
There is literally no way for a mass-market taxi service to make money unless they have a monopoly, or some unexpected disruptive technology comes along that gives one company an unassailable advantage in lowering costs. The Uber app was the original innovation, but it's not particularly innovative anymore. Besides Lyft, traditional taxi companies have similar apps in some markets. Skirting regulation and good labor…
There is literally no way for a mass-market taxi service to make money unless they have a monopoly, or some unexpected disruptive technology comes along that gives one company an unassailable advantage in lowering costs. The Uber app was the original innovation, but it's not particularly innovative anymore. Besides Lyft, traditional taxi companies have similar apps in some markets. Skirting regulation and good labor…
https://www.ianwelsh.net/the-market-fairy-will-not-solve-the...?
> Here is the thing about Uber and Lyft (and much of the “sharing economy”).
> They don’t pay the cost of their capital.
> The wages they pay to their drivers are less than the depreciation of the cars and the expense of keeping the drivers fed, housed, and healthy. They pay less than minimum wage in most markets, and, in most markets, that is not enough to pay the costs of a car plus a human.
> These business models are ways of draining capital from the economy and putting them into the hands of a few investors and executives. They prey on desperate people who need money now, even if the money is insufficient to pay their total costs. Drivers are draining their own reserves to get cash now, but, hey, they gotta eat and pay the bills.
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Don't forget the other group of people who benefit: the users of the app.
How much of that benefit is purely short-term though? In a hypothetical world where Uber and Lyft's current pathway to profitability never pans out, what are the ramifications. The most obvious one is that their fares will increase by 25-50% depending on the market, pricing them well above the legacy taxi services that existed before the arrival of these VC-backed companies. The second most obvious ramification is th…
Note that Uber/Lyft do something the taxi companies can not. They scale to meet demand. If 1000 drivers are needed between 6pm and 8pm then they'll likely get 1000 drivers. Taxi companies can't do this as they'd lose money on drivers and cars when all of them are not in use.
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Hacker News about Dropbox (2007): "For a Linux user, you can already build such a system yourself quite trivially by getting an FTP account, mounting it locally with curlftpfs, and then using SVN or CVS on the mounted filesystem" Hacker News about Uber (2019): "It's really not much of a shift from a phone call either"
Hasn't Dropbox lost market value every quarter since they went public while growth has been flat and operating at a loss? I'm not saying the HN crowd didn't miss a $10B opportunity, but they also weren't exactly wrong.
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Hacker News about Dropbox (2007): "For a Linux user, you can already build such a system yourself quite trivially by getting an FTP account, mounting it locally with curlftpfs, and then using SVN or CVS on the mounted filesystem" Hacker News about Uber (2019): "It's really not much of a shift from a phone call either"
Hasn't Dropbox lost market value every quarter since they went public while growth has been flat and operating at a loss? I'm not saying the HN crowd didn't miss a $10B opportunity, but they also weren't exactly wrong.
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But in a way, that's the beauty of disruptive use of technology. Without the innovation of the Uber app, the traditional taxi cartels would have no incentive to improve their services and the fact that they have been forced to do so in order to compete benefits the consumer. They're not quite there yet, and are still catching up. The next logical step is a lift aggregation service that creates a marketplace. I want a…
> Without the innovation of the Uber app, I had local services with an app before Uber, I'm sure. It's really not much of a shift from a phone call either. But then, all Uber cars are the same as private hire cans anyway here. It seems like the real innovation was being big enough to ignore the local rules. That and being able to say it's "ride sharing" with a straight face.