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I'm aware. But it won't hurt Uber, or send a message.
I think it will. It is a shaky business to begin with.
Uber will have a hard time making a profit in its core driving business at least in the near term, Wedbush Securities analyst Dan Ives said Thursday.
In initiating coverage ahead of this month’s initial public offering, Ives argued that Uber will need to set itself apart from rival rail-hailing services like Lyft in order to satisfy investors.
Profitability at Uber’s standard driving service is going to be “an Everest uphill battle,” said Ives, whose firm put an outperform rating on the company with a price target of $65 per share. Instead, he said Uber’s growth will come from its other ventures such as its Uber Eats food delivery service and shipping platform Uber Freight.
https://www.cnbc.com/2019/05/02/ube...ability-will-be-an-everest-uphill-battle.html
Delivery and shipping are crowded as fuck too. There is no room for Uber.