Nostr

Uber CEO #DaraKhosrowshahi himself says that this is as high as the take can get - over 30%, and drivers will delete the app.

Uber's food delivery service - a baling wire-and-spit Frankenstein's monster of several food apps it bought and glued together - is a loser even by the standards of the sector, which is unprofitable as a whole and experiencing an unbroken slide of declining demand.

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Cory Doctorow 2y ago

Put it all together and you get a picture of the kind of taxi company Uber really is: one that charges more than traditional cabs, pays riders less, and has fewer cars on the road at times of peak demand, especially in the neighborhoods that traditional taxis had always underserved. In other words, Uber has broken every one of its promises.

We replaced the "evil taxi cartel" with an "evil taxi monopolist." And it's still losing money.

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Cory Doctorow 2y ago

Even if Lyft goes under - as seems inevitable - Uber can't attain real profitability by scooping up its passengers and drivers. When you're losing money on every ride, you just can't make it up in volume.

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