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When will Uber be a profitable company? Is Uber comparison to Amazon correct?

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Uberserge
1279 Rider Driver
 Posted 1 year ago

Uber CEO says they’re the Amazon of Transportation, is he correct? Will they ever make money? https://ride.guru/content/newsroom/will-uber-ever-be-profitable

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    chawes
    749 Rider Guru
     1 year ago

    They're locked in a predatory pricing war with Lyft. Gonna be a long time before that changes. If ever. I'm not buying Uber or Lyft stock, I'll put it that way.

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      Uberserge
      OP 1279 Rider Driver
       1 year ago

      Their second Q is out on the 8th, Lyft on the 7th, as my article suggests, there will be no profits for a long time, not sure Wall Street will be as kind as the VC. 

      They're both in a historically low margin business, UBER is in three areas where they say they're disrupting, disrupt a high margin business, then let profits roll in, not taxis, food delivery or helicopters.

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    blackandyellow
    126
     1 year ago

    great article. I think they have to make some major changes in order to make money. While there is any competition they wont make money in the ridesharing game.

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      Uberserge
      OP 1279 Rider Driver
       1 year ago

      Thank you, I appreciate it. More to come, spread the word.

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    Uberserge
    OP 1279 Rider Driver
     1 year ago

    Next week UBER will announce a 4.96 billion loss for the second quarter, what's a few billion amongst good friends?