👤Cbasedlifeform🕑7y🔼52🗨️108
(Replying to PARENT post)
The only thing Uber can ever deliver is people and things to their final destinations. When Uber shuts down and goes out of business I as a consumer will just roll into the next service, and will not shed even a single tear for all who invested in Uber.
Sorry, but thanks for all the cheap rides.
👤matte_black🕑7y🔼0🗨️0
(Replying to PARENT post)
How are Lyft's financials? Are they losing money just as fast or what? If they aren't, seems like the answer is that yes, Uber can deliver.
👤RandallBrown🕑7y🔼0🗨️0
(Replying to PARENT post)
Giving things away at <cost is good for growth and not much else.
👤Havoc🕑7y🔼0🗨️0
(Replying to PARENT post)
The main value prop for Uber hasn’t changed for quite some time, probably not much since UberX, the innovation there is pretty much done.
This puts Governments in the perfect position to disrupt Uber, if they build their own version, feature for feature (let’s face it, it’s a complex app but not that hard to copy) and mandate it on their already regulated taxis / ban uber, their user acquisition costs and marketing costs will be almost zero. They can run it without making a profit and keep fares lower or close to the current Uber position. Win win for everyone
👤albertgoeswoof🕑7y🔼0🗨️0
(Replying to PARENT post)
In the claim in the article that they're inflating top line revenue growth, is the argument that they're selling a $100 ride but giving a $20 discount and calling it $100 in top line revenue?
👤sgwealti🕑7y🔼0🗨️0
(Replying to PARENT post)
Help me
For every 100,
Driver gets x Uber cut is y X+y = z
Z ÷??? = 100
Where does the 100 go?
👤losteverything🕑7y🔼0🗨️0
(Replying to PARENT post)
Finally, Generally Accepted Accounting Principles numbers from Uber. And they're awful. Lots of startups whine about having to produce GAAP numbers (all US public companies have to) because they can't exclude "extraordinary expenses". But GAAP numbers are real, not "earnings before all the bad stuff" numbers.
Right now, Softbank is keeping Uber alive. They put in $10 billion at the end of last year.[1] Softbank is now Uber's largest shareholder.
[1] https://www.crunchbase.com/organization/uber/funding_rounds/...