Had this conversation with a non-uber employed friend. Where does the company’s profit potential come from? Collecting/selling data on users (e.i. Where certain demographics go/spend their time/money)? From pricing taxis to extinction and becoming the ~only~ “taxi” company? Banking on having an automated fleet to bring in cash? Somewhere else? A mix of all of the above? Wdyt?
False.
Uber should be super profitable! They get like a 25% cut of every fare without doing any of the work! If they can’t make the company work on that something is seriously wrong!
War of attrition, like every other crowdsourcing company out there. Get investors to believe you have a solid tech and management foundation to run an extended marathon. They're betting that you will outlast the other competitors, and sweep up all market share. After which you'll have a solid platform and operation, making it cost prohibitive for new entrants. Then start playing with the pricing models to print money.
It’s illegal to undercut and monopolize a market like this. FCC will step in to intervene if Lyft or other competitors don’t rise and are left in the dust.
Right, because they’re actively protecting Snapchat and Vimeo and Yahoo right now... wait
Ultimately I think from managing a fleet of self driving cars, but then the question of who owns the cars and maintenance because Uber doesn't right now. Lets say Uber does own the cars, then it would be a question of scale to overcome the overheads of owning massive fleet. Business model could be similar to compute cloud.
By removing the driver.
The end game is self driving cars and delivery drones. At one point it will get cheaper than public transport and replace that too. And the more cars they have, the better their service will get.
At this point, with the number of self driving car technology companies in bay area (small and big), uber may raise more money or become like Amazon and not return a profit for a long time and start buying these smaller more nimble companies and build up self driving capacity.
It will be hard for these self driving car companies to get into the ride hailing business. They don't have the scale that Uber has. It will be in their interest to sell that tech to car manufacturers who will sell those cars to end users. Manufacturers of self driving cars can also just manufacture a fleet of their cars to put on Uber, as Uber has the market as well as the infra for that to work. Alternatively, the public can buy self driving cars to put on Uber as an investment. The question is, who will be responsible in case of an accident?
Who is responsible in the accident of an automated train?
Making a profit from every ride. Having a in-taxi video entertainment service. Developing a SAAS platform to provide the ride hailing service s to the other ride hailing companies. Lastly by acquiring any third potential entrant to the sector, as the sector will be dominated by not more than 2 companies. Masa will ensure this.
Same day package delivery
By taking a cut from each ride?
Woah woah woah I think this guy is on to something, Uber guys take note!
This is the only smart response on this thread Thanks M_M you’re alright by me