Why Companies Like Lyft, Uber, Postmates, Instacart etc Will Never Be Profitable(hackernoon.com)
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Why Companies Like Lyft, Uber, Postmates, Instacart etc Will Never Be Profitable
https://hackernoon.com/why-companies-like-lyft-uber-postmates-instacart-etc-will-never-be-profitable-ecdfde647175#.6qcd4980m
2 comments
People said the same about Netflix, and they're doing amazingly well. Remember those DVDs they used to stuff in the mail? The human Uber drivers are the equivalent of those workers.
Uber is investing heavily in the autonomous car revolution, and that's going to pay off incredibly well.
Uber is investing heavily in the autonomous car revolution, and that's going to pay off incredibly well.
The second point is that Uber is not trying to scale driver's earnings but the availability of the service for your every day needs while still making sure drivers can make a living. How many people were commuting to work via taxi before Uber and Lyft? How many people do that now? Making uber ride affordable for every day needs and maintain a certain level of service and customer support that's where they were scaling.