×
Post New Topic

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

{{ ratingSum }}
Uberserge
1277 Rider Driver
 Posted 5 months, 3 weeks ago

Get notified when new content is added to this thread.

Unfollow this Post

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

Comments

    {{ ratingSum }}
    chawes
    745 Rider Guru
     5 months 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.

    Show Hide  1 Reply
      {{ ratingSum }}
      Uberserge
      OP 1277 Rider Driver
       5 months 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.

    {{ ratingSum }}
    blackandyellow
    126
     5 months 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.

    Show Hide  1 Reply
      {{ ratingSum }}
      Uberserge
      OP 1277 Rider Driver
       5 months ago

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

    {{ ratingSum }}
    Uberserge
    OP 1277 Rider Driver
     5 months ago

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