The Market Ticker
Rss Icon RSS available
You are not signed on; if you are a visitor please register for a free account!
The Market Ticker Single Post Display (Show in context)
User: Not logged on
Top Login FAQ Register Clear Cookie
User Info The Grand Fraud of 2019; entered at 2019-04-15 11:20:30
Aquapura
Posts: 848
Registered: 2012-04-19 South of Canada
In all seriousness, how does Uber not make money? Their entire business model pushes the majority of the costs off onto their independent contractors. All they have to do is maintain a mobile app and have an accounting staff to take their skim and pay out the rest in wages. Are they pulling a Bezos and under pricing just to put the cabbies out of business???

I know I'm over simplifying but this isn't web 1.0 where there were no customers. I know of several major corporations that require employees use Uber for work travel. They should at least be break even by now.
2019-04-15 11:20:30