What is stopping an uber competitor?
Comment on Everything old is new again.
Chocrates@lemmy.world 3 months ago
Yes but don’t forget about the shareholder value that Uber is bringing! Or will bring when they bankrupt all the competition and then ratchet up the prices so the hedge funds can recoup their losses
Knock_Knock_Lemmy_In@lemmy.world 3 months ago
Zoot@reddthat.com 3 months ago
The capital required to run at a loss for x amount of years, until Uber goes bankrupt, and then you get to jack up the prices and repeat.
Knock_Knock_Lemmy_In@lemmy.world 3 months ago
Do they have to run at a loss? They could take 20% rather than ubers 30%.
friendlymessage@feddit.de 2 months ago
Uber was bleeding money for years, they were not profitable until very recently. How would a competitor be profitable if they exploit their drivers less? Especially because Uber only had to fight Taxis, a competitor would have to fight Taxis and Uber
FlyingSquid@lemmy.world 3 months ago
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jaybone@lemmy.world 3 months ago
Who needs fire when everything is on fire?
SLVRDRGN@lemmy.world 3 months ago
Things kindle naturally, that’s what they’ll tell ya.