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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
When will Uber be a profitable company? Is Uber comparison to Amazon correct?
Posted 4 years, 8 months ago
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Posted By
Sergio Avedian (Uberserge)
1300
Rider
Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
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Comments
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.
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.
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.
Thank you, I appreciate it. More to come, spread the word.
Next week UBER will announce a 4.96 billion loss for the second quarter, what's a few billion amongst good friends?