Uber is dead and so is rideshare

[The Devil's Advocate]

Y'all should really read this article. It speaks on Uber and EXACTLY where they lost money. It's not nearly as bad as the OP put it

Uber lost $5.2 billion in 3 months. Here's where all that money went.

 

[CrimsonTider]

I'm happy for you

I'm doing what I have to do to get where I want

I'm definitely not ashamed

Real

 

[Rigby.]

their profits is going to be like a U

when it goes back up, its going to be fukking crazy.

 

[Rigby.]

I just made 200% on option puts just playing on my phone while your lame ass was driving for crumbs

put me on?

 

[MikeOck]

Explain what’s going on in Europe

I know in parts of Germany taxi associations made their own dispatch apps with profitable rates before Uber came to town. Most professional drivers went there and resisted Uber's unprofitable rates. Uber became a side hustle for ordinary brehs with cars to cover their fuel bills

 

[☑︎#VoteDemocrat]

Peleton next up on the summerjam screen.

did they go public?!

 

[ogc163]

did they go public?!

Yeah.

 

[Unemployed GM]

I just made 41 bucks this morning driving for an hour and a half

About to go make 60 here in an hour and a half

"Dead"

How much did you spend on gas?

 

[QuintessentialMan]

They are certainly not dead, they're obviously trying to absolutely murder all the competition first before focusing solely on making money.

 

[Reno89]

I still don't know how you lose money on an app where you don't do shyt and take 25% of each fare

When you give your inner circle nice bonuses, and you keep a team of good accountants

 

[CrimsonTider]

I just bought some shares. They’re going to go back up. 10 years they’ll be around plus they have valuable information for advertisers.

Imagine companies competing for the attention of riders headed in the direction of their business.

This isn’t a low point for the stock price yet

Uber isn't going anywhere. The rates will just keep going up and up.

they can’t raise rates at all in this industry

 

[fukkyalifestyle]

amazon has been able to stay a float because they got government contracts and secretly work with the government. Jeff Bozo is just a front and a face man for government operatives just like Zuckerberg.