Uber is still losing money at an alarming rate. The problem is that, to turn a profit, Uber needs to stop cutting prices to win customers from competitors like Lyft. So the solution for Uber is simple: Buy Lyft. After an acquisition of Lyft, Uber can leverage its new scale to profitability. Ibrahim AlHusseini is the founder and CEO of FullCycle, an investment firm focused on addressing the climate crisis. Visit Business Insider's homepage for more stories.
Uber is still losing money at an alarming rate. The problem is that, to turn a profit, Uber needs to stop cutting prices to win customers from competitors like Lyft. So the solution for Uber is simple: Buy Lyft. After an acquisition of Lyft, Uber can leverage its new scale to profitability. Ibrahim AlHusseini is the founder and CEO of FullCycle, an investment firm focused on addressing the climate crisis. Visit Business Insider's homepage for more stories.
ialhusseini Or you... Know.. we could just recognize it is a failed business model and let it die... Rather than gutting any remaining antitrust law just to keep one shitty business afloat.
ialhusseini That would make it a monopoly and regulators should stop that from happening.
ialhusseini Interesting article
ialhusseini God please no
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Will Uber And Lyft Ever Stop Fighting Laws, Or Their Workers?Platform companies like Uber, Lyft, and DoorDash seem unwilling to cede ground without a showdown – even when they’re up against established law, critics say, or when their numbers don’t add up. What if they are encouraging the fight in order to keep new entries out of the market They are a threat to car manufacturers and public transport.. Probably not
Source: Forbes - 🏆 394. / 53 Read more »
Report on fatal Uber crash finds self-driving system could not take into account jaywalking pedestrianDocuments released this week by a federal agency raise questions about whether a self-driving Uber SUV that ran down a pedestrian last year should have been... Anyone still think the roads will be filled with self-driving cars any time soon? They require perfect conditions which do not exist on the roads. How does it know a human is in a crosswalk? Seems odd. Like they wanted to cut down jaywalkers. davidplouffe and dougducey should ne mentioned in every article about uber's death machines.
Source: MarketWatch - 🏆 3. / 97 Read more »
Self-driving Uber car that hit and killed woman did not recognize that pedestrians jaywalkThe automated car lacked 'the capability to classify an object as a pedestrian unless that object was near a crosswalk,' an NTSB report said. And they’re wanting to have self driving tractor trailers um k! Incompetent programming. It is now very easy to cheat your way through college. Then you can become completely incompetent at a high paying job. Others you work with will not know or care, because... they also cheated. My college was 85% cheaters. SanBrunoJess BigDaddyZSports 😯
Source: NBCNews - 🏆 10. / 86 Read more »
Inside ex-Uber CEO Travis Kalanick's secret ghost kitchen startup - Business InsiderWe visited ex-Uber CEO Travis Kalanick's secret 'ghost kitchen' startup in San Francisco that was backed by $400 million from Saudi Arabia — take a look So TIL what a Ghost Kitchen is. xeni Food trucks were a better idea.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Will Uber And Lyft Ever Stop Fighting Laws, Or Their Workers?Platform companies like Uber, Lyft, and DoorDash seem unwilling to cede ground without a showdown – even when they’re up against established law, critics say, or when their numbers don’t add up. What if they are encouraging the fight in order to keep new entries out of the market They are a threat to car manufacturers and public transport.. Probably not
Source: Forbes - 🏆 394. / 53 Read more »
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