Hilariously unprofitable. They even came up with creative accounting to show how, despite never being profitable they may turn a profit if you don’t count their debts and losses.
Uber’s true business model isn’t in place yet. Eventually, all cars will be self-driving, and they can ditch the drivers. The ultimate objective is to replace personal car ownership with a driving service.
Once they don’t have to pay drivers, and they have monthly fees coming in from millions of subscribers, they’ll clean up.
Hilariously unprofitable. They even came up with creative accounting to show how, despite never being profitable they may turn a profit if you don’t count their debts and losses.
Uber’s true business model isn’t in place yet. Eventually, all cars will be self-driving, and they can ditch the drivers. The ultimate objective is to replace personal car ownership with a driving service.
Once they don’t have to pay drivers, and they have monthly fees coming in from millions of subscribers, they’ll clean up.
I think you’re wrong on this one.
Currently uber does not own anything. Repair costs are for the drivers. Buying a car is for the drivers.
If they are not profitable now, replacing driver’s “wage” will only make it more expensive.
I wouldn’t put it past them to still use other people’s self driving cars.
So their entire company is built on the gamble that self-driving cars will happen before their finances implode?