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Uber Driver, CEO of TaxiFareFinder and Unleashed, LLC
Uber Driver and CEO/President of Unleashed, LLC.
Ippei boasts over 11 years of experience in travel and taxi industry. As a CEO, he has built, managed, and executed the operations of TaxiFareFinder since 2007. He has partnerships and relationships with major taxi, rideshare, and other travel-related companies.
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The loss mounts. Does this answer the question on whether Uber's business model is sustainable?
December - $1.7B Loss
https://www.bloomberg.com/news/articles/2016-12-20/uber-s-loss-exceeds-800-million-in-third-quarter-on-1-7-billion-in-net-revenue
August - $1.2B Loss
https://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016
RIDEGURU
Comments
They're trying to drive their competitors out of the market with predatory pricing. They think Lyft et al won't be able to keep up. Lyft in turn raises more money and dumps it into lowering their own fares and into new user incentives.
End result is a bunch of investors losing a lot of money, until the industry gets out of this death spiral.
There's no question the business model is sustainable. They're just trying to be shrewd for as long as possible.
All about expansion All growth for now. Profits later. They crushed those taxi medallions and companies. Next is Lyft.
Oh by the way, they have been reducing their fares. Passengers cheer, drivers boo. Is the competition that fierce in the rideshare market? or is this Uber's plan to thwart their competition?
...but what about driver retainment? What about the competition in that area?
Awesome, that means I made more money than uber this year.
I thought they were making a profit?