Comment on Everything old is new again.

• Zoot@reddthat.com ⁨4⁩ ⁨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.

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨4⁩ ⁨months⁩ ago

    Do they have to run at a loss? They could take 20% rather than ubers 30%.

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    • friendlymessage@feddit.de ⁨4⁩ ⁨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

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨4⁩ ⁨months⁩ ago

        Uber seems to be a middleman that can be removed by technology

        It sounds so plausible but it doesn’t exist. There must be a fatal flaw, but I can’t see it.

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