Uber has business moat!
Uber is able to maitain 70% vs 30% cp to lyft based on public second measure data, while also being profitable, does this already proof ride sharing have business moat?
I think the biggest moat is VCs don't want to burn money propping up a new ride sharing company while they try to undercut and build market share. Uber's US story is pretty solid but valuation is still a question mark after you hit profitability. Remains to be seen how you guys will compete internationally.
How do you get to profitable? I mean it still has billions in net losses.
Read their earnings report, most losses are from their stakes in other ride sharing companies across the world which are all impacted by covid. Their losses from ride sharing is only a portion of the billion.
Hahahaha. Dude it's all or nothing with Uber. You don't get to pick your favorite business and just ignore the bad ones
Source?
If the question is Uber vs Lyft - Uber has a much deeper competitive advantage over lyft: global presence, higher market share, and much richer data set to do marketplace pricing. If the question is whether ridesharing is a sustainable profitable business, that’s a harder question to answer. In theory if all players are acting rationally and trying to be profitable, it should be because it is a valuable service people are willing to pay for but that isn’t what we’re seeing now given the growth focus.
Lyft would honestly be dead if 2017 Uber didn’t fumble so badly.
^agreed
This is a waste of a post but I'm not going to get into it on a public forum
Cool