So whats the big plan to lower overhead on rides? I looked up their last quarter and it was billions lost yet again. This doesn't seem sustainable, just shoveling money into the furnace quarter after quarter like that.
The big plan is a war of attrition to capture a monopoly/duopoly status for taxi services within a given country. Acquire all competing taxi companies or price them out of business.Once that is done, raise prices. If competition arises, lower prices again until they go away. In some senses, its just like Amazon.
How long can they afford to fight it? It's not hard to spool up a rideshare competitor per say. When they pulled out of Austin several other rideshare companies popped up in their wake. If prices got exorbitantly high for the average user, I wouldn't be surprised if a company came in undercutting uber.
Agreed - its "an" investment strategy, not necessarily the best one. And if you have Softbank's backing - maybe a valid one? Kinda works/worked for Walmart/Amazon.
Selling or shutting underperforming divisions (like ATG, air taxi), reduced competition in the space as players consolidate, higher prices, cutting expansion/marketing costs.
Uber's true mission is a charitable effort by SV capitalists to subsidize the cost of taxi rides. Of course they're not meant to make money. How silly to think so!
