is uber past its peak?
weak growth, weak earnings, hiring freeze and layoffs. is uber last its peak?
Uber needs to find it's AWS fast.
That's ship has sailed. Uber launches grocery delivery.
Comparing Uber to amazon is ridiculous, amazon lost money to grow but could have turned on profitability any time. Uber is fundamentally unprofitable.
I almost always find Lyft cheaper than Uber since past 4-5 months now. Uber will end up competing with Amazon with its Uber Freight. Uber Eats seems interesting, but I don't know how big that market is. Revenue growth is low compared to the huge expectations world has from this company and what Uber expects from itself.
Uber is unprofitable because there is another competitor in it's primary market that is taking market share and racing it to the bottom in terms of prices. The thing is if that competitor is in a weaker position in terms of cash and monetizing users, Uber will ultimately win out and be able to raise prices to become profitable. Lyft is a fundamentally weaker business than Uber. Just look at their recent earnings report: - In Q2 2018, Lyft had losses from operations of $193 million on 15 million active riders. That translates to losses of ~$13 per user. Uber had losses from operations of $739 million on 76 million average monthly active users translating to losses of ~$10 per user. In fact, the Uber calculation is more conservative in terms of counting riders because it's an average of monthly active users whereas the Lyft number counts you as a rider if you ride anytime during the quarter. I'm using last year's quarter because this year's quarter was kind of messed up with Uber IPO losses realizing. - Uber has way more cash on hand. In fact it's cash on hand grew in the last 6 months while Lyft's decreased in the last 6 months. Both of these indicate that Uber's business is fundamentally stronger than Lyft and can sustain a price war longer and more efficiently because they have more money and are losing less per user (despite all the hoopla around Lyft "beating expectations" which is just b.s. because the company can set terribly low expectations which they do because Lyft gives quarterly outlook while Uber does not). I'm super biased ofc because I used to work at Uber and own Uber shares, but hey everyone can look at their public results and judge for themselves.
It is short sided thinking if you think Uber's only competitor is Lyft. Every small, big taxi company is also Uber's competitor. The moment it tries to flex its muscle in pricing, there will be a set of people who will choose to take the local taxis. I for one for sure. Next, Uber's another set of competitors are the railroad agencies, like, Caltrain and Bart who have ambitious plan to significantly improve the service and its reach. Next headwind is the changing ideologies towards remote work. Lots of companies are following a decentralized model where teams work remotely. Uber will lose lots of revenue as this headwind picks up steam. Next, carpool apps like Scoop, waze getting better and gaining more traction.
Lol at the silliness of this argument. Users in India and South America are way cheaper to acquire and keep in the platform.
Only self driving cars can save Uber. Have not looked at the details , but why is Uber losing so much money ? What’s eating it up ? Anybody analyzed this ? Is the reason too much TC ?
Even self driving cars can’t. Who’s going to give them the 10s or billions of dollars to deploy a massive fleet of bleeding edge technology?
There’s SoftBank for all that shit. If they can pay Wework surely they can pay Uber
Just wait till November to expire lock out period. When employees sell, the stock will have to go to bottom 20s range
Like Amazon started e-commerce, Uber started ride sharing. Uber along with Uber Eats are not going anywhere. Do you ever say "Let's take a Lyft" instead of "Let's Uber to that place". Establishing your company name as a commonly used verb amid competition is itself an achievement.
Well there was a time when even Yahoo was a verb before Google came along.
The services aren’t differentiated and in many cases it’s the same driver on both platforms. I’ll go with whatever is cheaper/closer. This means price wars are inevitable