I’ve noticed in the past 1 month that in multiple cities where Uber had competition (Lyft, etc.), their rides are now cheaper than the competition. The opposite used to be the case. I suspect Uber is adding more discount to rides and not charging the true cost I.e incurring more loss on each ride than before to try to gain more users (I doubt it’s the opposite and ALL their competitors in multiple cities have increased prices). If what I suspect is true, then I think Uber will layoff more people within the next 6 months. Dara mentioned earlier this year how investors want to see profit. I think the next few earnings call will keep showing loss, and that’s not good.
Uber will layoff. Yes
Amazon has spoken. It will happen then
Let the PIPing commence. Uber will experience the PIPening.
if you guys have insider info please let us know Uberians would appreciate it 😄
more layoffs? uber hasn’t had layoffs since 2020. 3-6 months? that’s oddly specific how’d you come up with that
Buy options if you're confident
Not true. Uber rides are more expensive than Lyft in my city
And uber has been using compitative pricing all the time. It's nothing new. And they are moving away from that model to make profit