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The Uber Bubble

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101–110 of 556 posts

Re: The Uber Bubble

#101
post #90

All the complains in this thread seem like they can be solved by Uber easily, mainly by allowing drivers to set their price by themselves. Taxies in my country are so bad, it feels like you are asking them for a favor by using their service, not to mention they pick and choose if they wanna take you or no based on how profitable for them it is.

[deleted]

Re: The Uber Bubble

#102
post #43

Earlier quoted context omitted.

Despite all of the negatives, many of which I agree with, the legacy taxi industry really sucked for riders. Riding in a taxi feels dirty to me, to be honest. Old, ugly cars that never seem well maintained, having to actually call someone on a phone and tell them where to pick you up, often not accepting Apple Pay, Android Pay, credit cards. Rude drivers with no rating system to disincentivize it… It’s sad that Uber…

>having to actually call someone on a phone The horror!

You'd think it's a joke but it's like a 2nd or 3rd time that my brother ordered a pizza by phone and got a wrong one. Sure the girl who takes order is absent-minded or hard of hearing. And similarly sounding pizza names don't help. We like their pizzas and try to cut out the middle-man, but our colleagues who order from there suggested we just use Pyszne.pl (i.e. Takeaway.com).

Also, many times we tried to order food to office at work, we just got a busy line.

Doing transactional stuff by phone has horrible UX.

Re: The Uber Bubble

#103
post #43

Earlier quoted context omitted.

Despite all of the negatives, many of which I agree with, the legacy taxi industry really sucked for riders. Riding in a taxi feels dirty to me, to be honest. Old, ugly cars that never seem well maintained, having to actually call someone on a phone and tell them where to pick you up, often not accepting Apple Pay, Android Pay, credit cards. Rude drivers with no rating system to disincentivize it… It’s sad that Uber…

what's crazy is in this day and age, you'd think uber/lyft are available in most markets but last week, I had to go to Baton Rouge (LSU with 50k students is based there) and I was relegated to a beat up, cigarette smelling, local taxi because no uber/lyft's were available at the airport (due to storms and delayed flights).

I flew to Hartfort, CT (BDL, actually in the rather distant suburb of Windsor Locks CT) last year, and my flight was delayed to about 10:30pm; I almost didn't get an Uber because the market simply doesn't for the drivers to stick around that late. There were other delayed flights coming in after mine, closer to midnight; my driver said quite plainly that those folks would have to figure something else out, because all the rideshare drivers in the parking lot were heading home for the night.

All this to say, I should have prepared better and I don't know what I expected. We take the "always on" nature of these services for granted, but that's not how the world works outside of the major metros.

Re: The Uber Bubble

#104
post #88

Earlier quoted context omitted.

> I can hail Uber from an app that works in Frankfurt, Paris and New York. That matters to travelers (and skewed towards business travelers, too), i.e. people who visit only for a short time, but not much to anyone else. > And it is far more ubiquitous, particularly outside the major metropolitan areas. Not my experience. I can be far outside the city and call (through the App nowadays) a taxi and I know it's going t…

Travelers hail a disproportionate amount of taxis. Living in a walkable European city with good public transport, approximately the only times I use taxis or Uber are when I'm going to/from the airport/train station and have luggage, or when it's a business trip and I can expense it (and even then I opt for trains when I can).

And the parent commenter mentioned that they usually get a taxi from the airport at least (because it's right there I guess, there are strict special regulations about how german taxis wait at the airport to make things go smoothly), so... Another other reason to take one is when you're so far outside and at a time of day that public transport is spotty.

Re: The Uber Bubble

#105
post #8

By the measure of growth and market penetration, Uber has been successful. By the measure of establishing a globally operating business that employs thousands of people, Uber has been successful (mostly). By the measure of establishing a profitable business we might argue that they likely will never achieve that. If you look at their SEA competitors who already earlier on introduced financial debt as a tool to create…

> employs thousands of people You made me wonder how many people are actually employed by Uber. I thought thousands sounded like a lot for what they do. First Google result - 29,000 employees. That blows me away. It sounds like Uber itself is ready for disruption.

Uber is being disrupted by for example Bolt, which is their frugal Estonian competitor. An example close to me is that Uber essentially already lost the Swedish taxi market. They had a couple of years as the the top dog making everyone install an app but due to the huge overhead got undercut.

This is a market with a completely unregulated taxi sector as long as you follow the base regulations. Maybe sometimes a bit archaic but I could finance a car and start driving within a month.

From what I've heard the only way to make a profit is to be a business owning about 50 cars which are staffed 24/7 and on top owning your own service workshops. It's extremely cutthroat.

Re: The Uber Bubble

#106

The piece is exactly right. Uber is effectively an instrument to shift economic gains from labour to capital by atomizing the workforce. From a macroeconomic perspective this is terrible because turning taxi firms into countless of one man businesses provides no efficiency gains, it's basically reverse economic development. There is a version of Uber that actually makes sense. As a lean SaaS company that sells its so…

Why do you take it as a fact that the legacy taxi companies were better?

Re: The Uber Bubble

#107
post #73

Earlier quoted context omitted.

> None of which Uber fixes? Did you hail or call taxis before Uber? The simple ability to see where your car is while en route was game changing. Add to that ratings, embedded payment (“credit card reader broken”) and dynamic pricing and you have a dramatically better experience.

You just described a bunch of advantages that would still exist if they simply licensed their tech to taxi companies.

Taxi have been able to go onto Uber for a very long time now. But they don't do so willingly most of the time.

Re: The Uber Bubble

#108
post #43

The piece is exactly right. Uber is effectively an instrument to shift economic gains from labour to capital by atomizing the workforce. From a macroeconomic perspective this is terrible because turning taxi firms into countless of one man businesses provides no efficiency gains, it's basically reverse economic development. There is a version of Uber that actually makes sense. As a lean SaaS company that sells its so…

Despite all of the negatives, many of which I agree with, the legacy taxi industry really sucked for riders. Riding in a taxi feels dirty to me, to be honest. Old, ugly cars that never seem well maintained, having to actually call someone on a phone and tell them where to pick you up, often not accepting Apple Pay, Android Pay, credit cards. Rude drivers with no rating system to disincentivize it… It’s sad that Uber…

The big taxi company I drove for was at the top of the food chain in the Phoenix, Arizona area because the cars were clean, cabs usually showed up promptly, and if there was a problem you could deal with the company and they'd look into your complaint.

The company started switching out to the Prius a few years before I started driving for them in 2012. My first few leases were for old Crown Victorias, because I couldn't show up early enough to get in line for a prius (some drivers refused to drive the Crown Victorias, for various reasons).

The company had economy of scale in their fleet operations that was hard to beat: mechanics who knew the Prius like the back of their hand, boneyards (for parts), connections in the automotive industry.

They couldn't compete with people willing to wear out their personal cars giving 'rides' for peanuts. The company eventually sold off their fleet of priuses and their taxi yards, and refocused on the other businesses (app-dispatched medical transportation, etc). The Company tried to build their own dispatch phone app. But it didn't work especially well - I think they eventually decided to cut their losses.

VIP Taxi and Yellowcab are still doing okay, but I hardly ever see the green prius taxis anymore.

Re: The Uber Bubble

#109
post #43

Earlier quoted context omitted.

Despite all of the negatives, many of which I agree with, the legacy taxi industry really sucked for riders. Riding in a taxi feels dirty to me, to be honest. Old, ugly cars that never seem well maintained, having to actually call someone on a phone and tell them where to pick you up, often not accepting Apple Pay, Android Pay, credit cards. Rude drivers with no rating system to disincentivize it… It’s sad that Uber…

>having to actually call someone on a phone The horror!

So you think it is better to have to call someone and then figure out your location in a strange system than clicking on a button, your phone knowing where you and the driver are?

Re: The Uber Bubble

#110
post #104

Earlier quoted context omitted.

Travelers hail a disproportionate amount of taxis. Living in a walkable European city with good public transport, approximately the only times I use taxis or Uber are when I'm going to/from the airport/train station and have luggage, or when it's a business trip and I can expense it (and even then I opt for trains when I can).

And the parent commenter mentioned that they usually get a taxi from the airport at least (because it's right there I guess, there are strict special regulations about how german taxis wait at the airport to make things go smoothly), so... Another other reason to take one is when you're so far outside and at a time of day that public transport is spotty.

In markets like Frankfurt and London, Uber has a tougher time competing. Totally agreed. It still has niches. And most taxi markets aren’t filled with lovely, knowledgeable, ambitious drivers.
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