141–144 of 144 posts
Uber should serve as a warning imo - speculation drove the valuation so high on what is a very fragile business model. Are we seeing a tech bubble?
I feel deeply uncomfortable taking Ubers, especially in Seattle. The drivers are inevitably working class folk, just trying to scrape by. They inevitably mention the increasing rent and cost of living. They inevitably ask what I do and I have to respond that I'm one of the asshole carpetbagging tech people who come in and raise the cost of living, raise the rent. Services like Uber are placing the class barrier front…
Earlier quoted context omitted.
> uber is making money from almost all of the rides and they keep around 35% to themselves Is this documented anywhere?
yes ask any uber driver will show you a screenshot of Uber's cut. on short rides its actually pretty close to 50% in US
I think NYT misses the point. The problem with Uber isn't some cultural issue, it's that they're in an extremely tough and competitive business. It's really a race to the bottom. The logic I kept hearing repeated is ride-sharing is a winner take all market. Like once you have a network of drivers setup giving people the lowest times for rides, you can force other competitors out and raise prices. Time has proven how…
If it's so easy to compete, why aren't there more competitors with a larger market share? I don't know of any ride share market with more than two major players. US: Uber / Lyft South East Asia: Grab / GoJek Australia: Mainly just Uber (lots of smaller players but none with very significant market share)