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re: Uber opens its books to bloomberg
Posted on 4/18/17 at 12:52 pm to baldona
Posted on 4/18/17 at 12:52 pm to baldona
I think Uber realizes more than anything that the way they currently are structured and operating, they do not stand a chance to survive. They are not making money now and things for them are only going to get worse... They can add markets left and right but it isn't going to suddenly make them profitable. The only way to make more money is to charge more for rides and people simply don't have the allegiance to Uber to pay more.
This leaves them with driver less cars. While it seems unfeasible and is probably years away, I do believe that they would be in a much better financial position if they were able to get themselves there.
This leaves them with driver less cars. While it seems unfeasible and is probably years away, I do believe that they would be in a much better financial position if they were able to get themselves there.
1
Posted on 4/18/17 at 1:30 pm to hiltacular
I don't know how or if they can solve this, but yes a huge part of their issue is they are "too cheap". There are times they are 25-33% of the cost of a taxi.
In DC, which I know the Metro is notoriously expensive, but it was cheaper for me to Uber to the airport than take the metro. It was like $8 for two of us instead of like $11 for the metro, I'm guessing a cab would of been $20-25.
I can't tell you the amount of times I've said "I can't believe it was that cheap" for an uber. But at the same time, I get frustrated when its not dirt cheap now because I'm used to it.
Their problem is competition like Lyft in the major markets. But smaller markets I don't understand why they don't raise their rates 10-20%.
In DC, which I know the Metro is notoriously expensive, but it was cheaper for me to Uber to the airport than take the metro. It was like $8 for two of us instead of like $11 for the metro, I'm guessing a cab would of been $20-25.
I can't tell you the amount of times I've said "I can't believe it was that cheap" for an uber. But at the same time, I get frustrated when its not dirt cheap now because I'm used to it.
Their problem is competition like Lyft in the major markets. But smaller markets I don't understand why they don't raise their rates 10-20%.
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