Why have services like Uber not been replaced with much better alternatives?

Discussion in 'Mayberry Lounge' started by CaptHANDSUP, Feb 12, 2020.

  1. CaptHANDSUP Green Belt

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    I dont understand how a company like Uber gets away with taking such a big cut of the money from the actual workers. Other online services, for example ebay, usually charge cents for their services, and most of the money transfer happens between the buyer and the seller. But why is it that a company like Uber takes a lions share of the profits while performing a service that could easily be replicated by a bunch of coders and app developers?

    Taxi apps should be open, so one driver can have multiple accounts with multiple services and get riders from each one whenever they please. These companies should be making mere cents off of each ride, that alone would still make someone like Uber a multi-billion dollar company. Why is that every time a new advancement in technology happens, all the benefits of that technology have to be relegated to the few. Why cant these technologies be used to the benefit of everyone like they were designed to do so. We should all be excited that Taxi apps exists and are helping slowly but surely advance, but instead we've to constantly live in fear. As someone who is below 30, I am extremely worried about the future and the world I will be living in.

    Is there something I am missing when it comes to Uber and these new services? Why havent they already been wiped out by the competition? Is it a case of all these companies having a sort of unspoken agreement to not drop their prices too much so that they can keep profits high?

    I'm really asking this as a question because I feel like there might be something I'm missing.
     
    Last edited: Feb 12, 2020
  2. JabToucher Banned Banned

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    There was a story in today's news of a driver who sexually assaulted a female passenger.

    He even left the metre running!
     
  3. Noveltymortar Green Belt

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    Uber has operated at a loss for it's entire existence. They have no profits. They've lost billions actually (they are predicting their first profitable quarter later this year).

    So anyway, I don't think it's as easy to run a business like that as you think. But the beauty of capitalism and entrepreneurialism is that if you think you can do it better, do it.
     
  4. dirtypablo Brown Belt

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    This. And when you do it, let us know if you take pennies on the dollar for all your work.
     
  5. Katsumi Yamada Gold Belt

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    They already have. Uber pulled out of most of Asia after being undercut by their competitors: grab, gojek etc
     
  6. Oeshon Steel Belt

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    Wrong.

    Uber and Grab are owned by the same company and they designated which company would operate in which market so that they don't compete with each other and then they dramatically jacked up the prices and cut promotions.

    They basically removed competition so they could bend us over harder. Uber used to be incredible value in BKK. Now regular taxis almost always work out cheaper.

    -------

    As part of the deal, Grab will merge Uber's ride-hailing and food delivery businesses with its own operations. Uber, in turn, will acquire a 27.5 percent stake in Grab and Uber CEO Dara Khosrowshahi will join the firm's board.

    https://www.cnbc.com/2018/03/25/ube...sia-business-to-grab-after-costly-battle.html
     
  7. CaptHANDSUP Green Belt

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    How is uber operating at a loss when they generate so much money and require so few employees? Are they operating at a loss because they're reinvesting their money, or maybe they're giving crazy bonuses to their high-ranking members? Surely the numbers dont tell the whole story. I must be missing something.
     
  8. SFMMA Brown Belt

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    The first Uber I ever took when I moved to San Francisco was a Maserati. The driver was an investment banker who did it as part of recovery.
     
  9. Merlotte's Silver Belt

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    Cash, grass, or ass.
     
  10. Soma Breathe the body deep

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    Grab fucking sucks. I hate it, hah. Their map is a piece of shit, navigation of the app is retarded, and there are tons of ads, non-stop. Uber was so much easier, I miss it. :(
     
  11. Yeah Brown Belt

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    Can't they? Most drivers here have Uber, OLA and DIDI on their window. They drive for all 3 at once
     
  12. General_Speckz Purple Belt

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    I think eBay is from another time when Internet ecommerce was just getting started.

    Uber is from a later era where investors probably want to see higher profitability projections just to invest in the first place.

    It's like how Youtube was from an earlier era never had ads before, then rarely, and now sometimes they throw down a 45 min ad out of nowhere.

    That's my guess.



    Edit: actually, its probably the number of transactions vs rides.

    Uber is sitting at about 460k rides per day.

    Ebay is sitting at more than 2 billion transactions per day.
     
    Last edited: Feb 13, 2020
  13. cooks1 No matter where you go-there you are

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    Sounds like a business opportunity to me.
     
  14. weed ベルセルク

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    I personally use the Clipper app. @Clippy comes by & picks me up in either his Power Wheels or with his Alpaca

    [​IMG]

    [​IMG]
     

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