Quote:
Originally Posted by BobbyMucho
They used to say the same about Apple... Uber (or whatever it evolves into) will be around for a long, long time.
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I hope you are right, but Wall Street is distinctly dubious because nobody, inclduing Uber management, has yet outlined a plan toward profitability.
The better analogy than Apple, and the one everybody who is bullish on Uber sites, is Amazon.com which lost money for years and years. But there the path to make money was fairly clear--raise prices a bit, especially on the Prime memberships which most people believed could be done without much loss of membership numbers. But Uber is different--Uber competes with taxis in several ways but price is one (and it also competes with Lyft, of course and even public transit). The betting is that the demand for Uber services is more elastic than the demand for Amazon Prime memberships and that use of Uber, even among those who continue to use it some, would fall off significantly if it cost more.