Now that hype is all gone, when they face reality. All they do is to lay off people. some might say that facebook had to face the same stock performance like what uber is facing right now after the IPO. But facebook atleast didnt lay off people, made clever acquistions like instagram, whatsapp and finally made good financial results. Not sure if uber is going to make the same come back again. Burning cash by giving huge cash discounts in the mindset that eventually we will figure out ways to become profitable will never be sustainable in the long run. same shit is going to happen to doordash, postmates when they face the real waters.
Please no. I like Uber.
Uber drivers make less then minimum wage
In SF they make over $50 per hour toggling Lyft/Uber. Source: actually spoke with my driver once.
Not true.
Well maybe the guy was full of shit but he claimed to be making $700 a day working 16 hours.
I'm so happy about Uber/Lyft failure
likely you will be disappointed soon. Many friends are starting to invest in them
Uber is different than Fitbit, GoPro. They have good product and people are actually using it, Not only Uber every ride sharing companies are loosing money, if it's not Uber then someone else will try to cover this space,
Fitbit and GoPro are also good and used products. Don't confuse product quality with monetizability.
May as well add PayPal to your list. Square, Stripe, et al are eating your lunch.
PayPal lays off employees like candy. So stfu. I really hope Uber succeeds.
Uber’s future: merger with We.
Ok PayPal