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Go Back   ECCIE Worldwide > Texas > Houston > The Sandbox - Houston
Reload this Page UBER loses 1.2 billion
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The Sandbox - Houston The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here. If it's NOT an adult-themed topic, then it belongs here

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Old 08-30-2016, 05:26 PM   #1
VitaMan
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Default UBER loses 1.2 billion
That is how much money this company has lost this year.

This is the typical strategy of a new company. Anything to increase market share. This is how the Koreans used to operate, and probably still do.

Question becomes, how long can they keep losing money ?
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Old 08-30-2016, 05:28 PM   #2
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depends on if they keep hiring bat shit crazy drivers on medication. lol
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Old 08-30-2016, 05:55 PM   #3
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Well they are spending like crazy on autonomous vehicle R and D. People cost money, and need rest.
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Old 08-30-2016, 05:59 PM   #4
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look at Amazon....they lost money for ever.
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Old 08-30-2016, 06:24 PM   #5
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I know 2 people that drive for Uber that are clinically insane. God forbid I ever have to use the service.
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Old 08-30-2016, 10:16 PM   #6
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Wow I Didnt know that . that's a good question too . I looked it up on Google and I found so many different answers .
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Old 08-31-2016, 01:14 AM   #7
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Mark Cuban explains it the best
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Old 08-31-2016, 10:05 AM   #8
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I absolutely LOVE UBER, LOL!
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Old 08-31-2016, 10:37 AM   #9
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Default I love Uber
I used Uber when I'm out of town and have never had a bad experience. It's cheaper than parking a rental car almost everywhere (which generally costs more than renting the damn car in the first place).

Used it in Rome early this year, and they only have Uber Black, which means a Mercedes sedan will take you anywhere you want to go for $10.
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Old 08-31-2016, 08:03 PM   #10
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Quote:
Originally Posted by RosesforLola View Post
I absolutely LOVE UBER, LOL!
+1
Use them while they're still in business
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Old 08-31-2016, 08:13 PM   #11
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Uber was a life saver when I was out of a car back when I lived in Maryland. But I wound up driving for lyft when I got a new car. They paid more. I may actually start driving for uber soon on the weekends if it's worth it. As far as I know lyft isn't here yet
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Old 08-31-2016, 09:01 PM   #12
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Quote:
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As far as I know lyft isn't here yet

Lyft was here. Uber killed them in this market. You will never see them again here.
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Old 08-31-2016, 09:10 PM   #13
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That is exactly the point. Uber is going for market share, trying to kill off the competitors.
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Old 08-31-2016, 11:30 PM   #14
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Damn
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Old 09-08-2016, 12:06 PM   #15
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It sucks for me. I am a driver and I used to make a lot more money but they have cut rates so much
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