right now. uber/lyft is going through the toughest possible environment... and they're doing pretty well given the situation. Pandemic is the worst possible scenario for ride-share. And then they got hit by unprecedented labor/supply chain shortage. Both car and gas prices are inflated at the moment. It's a miracle they're still in business. Now imagine their potential once all of these temporary storms pass?
They were unprofitable before these things though. Their continued presence says something about their longevity or hardiness, but not about profitability IMO.
By the time they get going, autonomous cars will be around to steal their lunch. Theyβll need to pivot, diversify, etc to provide sustainable stock appreciation
Once autonomous cars come around, itβll be easier for new entrants to come in given that you donβt have to figure out one side of the leg ie drivers. Companies can just retrofit their existing car fleet with Waymoβs self driving technology
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It's a miracle they're still in business. Now imagine their potential once all of these temporary storms pass?