Uber is dead and so is rideshare

[verbalkint]

.....is the look I give anybody when they mention calling a cab co or flagging one down.

 

[KingJudah2]

.....is the look I give anybody when they mention calling a cab co or flagging one down.

That's the look I give UBER drivers. Since they driving at a net of $1.21 an hour in they own vehicle. one think is good tho that cabbies passed by dark skinned nikkas like me for years and now I can get a uber no problem

 

[Unemployed GM]

Uber and Lyft are nowhere close to being dead. They are taking losses on the front end to make huge profits later, when they start rolling out driverless vehicles in a few years.

The only way they make profits is if they get rid of the drivers.

 

[The Prince of All Saiyans]

 

[Mike Nasty]

The only way they make profits is if they get rid of the drivers.

The drivers own and maintain the cars, so getting rid of drivers isn't going to magically make them profitable.

 

[Ol’Otis]

many cities and counties have enacted municipal regulations that block local marijuana sales

they aint lying

 

[FreddyCalhoun]

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

Lobbyist

 

[GatorStaceyAdams]

Uber and Lyft are nowhere close to being dead. They are taking losses on the front end to make huge profits later, when they start rolling out driverless vehicles in a few years.

I hope ya'll aren't managing money.

I will admit, Uber is certainly not dead, but it is quickly approaching life support. Here are some major headwinds to consider:

1.) Most car manufacturers do not expect self driving vehicles to become truly capable (i.e. driving long distances, accounting for human error), for at least 10 years.
2.) You have to assume that the regulatory approvals and requisite infrastructure build out out will only widen this timeline.

So now you are looking at a 10 to 15 year timeline before Uber can just fire its drivers. Can the Company survive while bleeding red for a decade? Maybe. But I certainly would chastise someone for thinking otherwise.

Some other risks to consider:
1.) What is stopping another firm or private equity company from waiting on the sidelines and just buying self-driving cars when they become available? There are literally no barriers to entry for that business model.
2.) What stops consumers from purchasing a car and simply using it like a taxi service?

Disclosure:
My firm passed on investing in the Company in the secondary market. Certainly not regretting the decision.

 

[Dallas' 4 Eva]

Some other risks to consider:
1.) What is stopping another firm or private equity company from waiting on the sidelines and just buying self-driving cars when they become available? There are literally no barriers to entry for that business model.
2.) What stops consumers from purchasing a car and simply using it like a taxi service?

I mean there is nothing stopping that from happening, but Uber(and Lyft) already has the infrastructure laid down to do it, something those other companies or small business owners wouldn't.

They have brand appeal, an app that is fairly simple to use, and have already embedded themselves in every major US city. Yeah they are losing money right now, but I think it was the plan all along at least for the beginning. They are playing a war of atrittion and given how much of the market share for rideshare/taxi service they already hold I'd say they are doing a good job.

 

[intruder]

OP sounds like he owes $1M for a medallion and wishing those who torpedoed his livelyhood will die out

 

[KingJudah2]

OP sounds like he owes $1M for a medallion and wishing those who torpedoed his livelyhood will die out

You probably a uber driver bum ass nikka

 

[Frangala]

Uber CEO was given a $200 million package to join the company in 2017 and this is a company that has not been profitable yet can pay its new CEO at the time $200 million. Let that sink in

 

[Mike Nasty]

but Uber(and Lyft) already has the infrastructure laid down to do it, something those other companies or small business owners wouldn't.

All they have is an app. Cab companies and rental car agencies have the "infrastructure"

 

[intruder]

You probably a uber driver bum ass nikka

Nope.

I'm a Linux systems engineer . Granted I've thought of doing it for extra cash to help my mom but I just can't see how this shyt is worth it. Driving around all day for $15-$25 fares... I don't know. I just can't see it being worth the time and miles in my car. Volkswagen maintenance ain't cheap brehs. The cars themselves aren't expensive but the maintenance can kill you.

 

[Mowgli]

Maybe it's time to buy