I will write a big paper on Uber to talk about it and dispute it’s policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends to be.
Ubsz
"The losses were a result of Uber's increasing its spending as it tries to outmuscle competitors,"
Uber is very profitable. ANY company that turns around and spends all their revenue on growth and calls it an expense is not "profitable."
Growth. Growth. Growth.
They are making billions for giving us $140 a day for a 5-6 hours of driving. Honestly, I can't wait to not be Uber driver anymore
Uber is very profitable. ANY company that turns around and spends all their revenue on growth and calls it an expense is not "profitable."
Growth. Growth. Growth.
They are making billions for giving us $140 a day for a 5-6 hours of driving. Honestly, I can't wait to not be Uber driver anymore
They could probably do a lot more with their algorithms and all the data they've accumulated than just provide transportation to cheapskates.
@Pax Collector I just did. Look at the previous post
@Pax Collector no one is looking for your stamp of approval. If you call Uber the champion of the free market. I rather you don't participate in this thread.
@Pax Collector no one is looking for your stamp of approval. If you call Uber the champion of the free market. I rather you don't participate in this thread.
For all you that think Uber is operating in a free, competitive market, please watch the following:
The following quotes are from the following video that describes a free market:
where the laws and forces of supply and demand are free of any government intervention or any Price-Setting Monopoly Or Any Other Authority.
"It typically entails support for highly competitive markets and private ownership of productive enterprises."
An example of a free market would be like eBay, where drivers and riders can bit on prices.
Uber is a monopoly, guys! Wake the F up 
eeking:
@1995flyingspur so what? Heard that a million times before. It is still a company which is highly valued. It will be one of the biggest IPO, if not the biggest. We all heard that before. You guys act like Uber is going anywhere. Even the shark tank's mark cuban knows he ****ed up
Let's stand up to the robber barrons of the 21st century. ✊:ninja:
The following quotes are from the following video that describes a free market:
where the laws and forces of supply and demand are free of any government intervention or any Price-Setting Monopoly Or Any Other Authority.
"It typically entails support for highly competitive markets and private ownership of productive enterprises."
An example of a free market would be like eBay, where drivers and riders can bit on prices.
eeking:@1995flyingspur so what? Heard that a million times before. It is still a company which is highly valued. It will be one of the biggest IPO, if not the biggest. We all heard that before. You guys act like Uber is going anywhere. Even the shark tank's mark cuban knows he ****ed up
Let's stand up to the robber barrons of the 21st century. ✊:ninja:
They aren't going public. At least not as a Ride-share company.For all you that think Uber is operating in a free, competitive market, please watch the following:
The following quotes are from the following video that describes a free market:
where the laws and forces of supply and demand are free of any government intervention or any Price-Setting Monopoly Or Any Other Authority.
"It typically entails support for highly competitive markets and private ownership of productive enterprises."
An example of a free market would be like eBay, where drivers and riders can bit on prices.
Uber is a monopoly, guys! Wake the F up
@1995flyingspur so what? Heard that a million times before. It is still a company which is highly valued. It will be one of the biggest IPO, if not the biggest. We all heard that before. You guys act like Uber is going anywhere. Even the shark tank's mark cuban knows he @@@@ed up
Let's stand up to the robber barrons of the 21st century. ✊:ninja:
Valuation doesn't mean much until the company goes up for sale. Then we see the actual value.
The fact remains, Uber loses billions/year so until that hemorrhaging stops, forget about it!
That's my opinion, won't be substantiated until I'm proven right, nor will any others' opinions.
From what I understand, their entire long term model was all about the end of human driving. That isn't working out too well and they are running out of cash quickly.
Massive lawsuits
Angry drivers
Ground breaking losses
Government intervention
Public image
Autonomy delays
The list goes on & on but only time will tell if I'm off my rocker or not.
Doesn't matter. Its all transportation. You're defining the market to narrowly. That dude who practices naked underwater basket weaving and sells his unique Putzy Pots (which he holds a patent for) may seem to have 100% of the fancy underwater pots market, but he's still competing with other groups making baskets, bags, bowls, etc. and nothing is preventing suzy from entering that market with her own take on craptastic pottery.
Similarly, there is nothing preventing Rideshare Company Z from entering the market, though its hard to compete with billions of investor money, it is being done. I was recently in Austin for a conference and found Fasten, Ride Austin, Wingz, InstaRyde and a couple others were all available.
@NorCalPhil already thought of that. But the Uber delivery is so much more customizable for the rider, and it offers so much more consumer surplus that it can be considered on its own. It is at a different price point too.
We are talking about the Taxi/Uber market, remember?
We are talking about the Taxi/Uber market, remember?
@Pax Collector. The definition of a free market is having very little market share, and Uber and Lyft have almos 100%. Book closed. Stop telling me Uber is competitive where it only competes with one other player, which it dominates. The price cutting has to do with their marginal cost, which I explained in the other thread that you were present in. Go look up the definition of free market and competition versus duopoly and monopoly. No point arguing with you. You sound like those people that never wants to be wrong.
The reason they have the market cornered is one word... Arbitrage.
So should that be true, the so called market in which Uber/Lyft exist only actually exists because of subsidized venture capital.
The customer/PAX gets to enjoy a transport utopia on the back of subsidized driver pay.
Arbitrage of this magnitude has never been seen before, & most likely never will again.
So should that be true, the so called market in which Uber/Lyft exist only actually exists because of subsidized venture capital.
The customer/PAX gets to enjoy a transport utopia on the back of subsidized driver pay.
Arbitrage of this magnitude has never been seen before, & most likely never will again.
@ECOMCON okay, bud. You sound like an Uber representative for all we know. To say Uber is paying out a fair wage to its employees is immature as hell. Plus, you don't know anything about research. The only thing that needs to be objective is the methodology, not what you are researching. Stop sounding smart ;-)
@Ant42 ya, thanks for pointing that out. Yes, it is a duopoly with the whole stackelberg function that I missed on the exams.
@Ant42 ya, thanks for pointing that out. Yes, it is a duopoly with the whole stackelberg function that I missed on the exams.
You're too emotionally involved to be objective.
Being objective means that you are not influenced by personal feelings, interpretations, or prejudice; based on facts.
You're just another cry baby driver blaming uber for ALL ur problems while not taking any responsibility for ur own decisions.
Good luck with ur big hate paper
@Pax Collector the definition of the free market means many, many competitors. The only competitor of Uber is Lyft. So no, Uber does not operate even close to a competitive (free market) player and is not the champion.
Uber is the champion of the free market, as it has successfully managed to disrupt an industry that existed for more than half a century. It delivered a product that captured the customers which helped it grow tremendously. Can't get any more free market than that. Now, whether that success is sustainable or not is anyone's guess.
According to the former CEO, every Uber city is profitable. I can find the YouTube video if you like. I can't imagine them not being profitable. They are controlling an army of drivers, which they pay them crap. You think they are paying for their R&D with chump change? They are a private company, so you and I can never know, bud.
@Sacto Burbs hahahaha I can't believe you think Uber is not profitable right after you claimed that they collude in wages as an oligopoly. Bro, they making hella money on the backs of you and me.
Even if they don't collude to lower the rates, as they have been according to @Sacto Burbs, they have no incentive to raise the rates. There are two players in the market, and they have what is called a reaction function that corresponds to the price-setting of the opposite rideshare company. But through game theory, which means playing a game of setting the prices that matches their best interests, they arrive at an equilibrium which allows both company to pay lower wages. Uber should be broken up to competing firms. It is effectively a Monopoly.
@Sacto Burbs hahahaha I can't believe you think Uber is not profitable right after you claimed that they collude in wages as an oligopoly. Bro, they making hella money on the backs of you and me.
Even if they don't collude to lower the rates, as they have been according to @Sacto Burbs, they have no incentive to raise the rates. There are two players in the market, and they have what is called a reaction function that corresponds to the price-setting of the opposite rideshare company. But through game theory, which means playing a game of setting the prices that matches their best interests, they arrive at an equilibrium which allows both company to pay lower wages. Uber should be broken up to competing firms. It is effectively a Monopoly.
Free market? Profits? Before you write that paper you better define your terms.
Uber has never turned a profit.
Two companies have almost 100% of the market and they set our wages exactly the same within days of any change.
Look up the history of “piece work”
Uber has never turned a profit.
Two companies have almost 100% of the market and they set our wages exactly the same within days of any change.
Look up the history of “piece work”
when you say uber has never turned a profit are you speaking of uber the pimp or us the roving hookers? If its us oh yes you are right but them they may lie and say they are taking losses but I am in San Francisco and I see the human trafficking 1st hand and the profits and theft and schemes and hustles and other criminal acts used to rake in money by the pimp called uber.
the Basic argument is that Uber is taking in way higher profit than that of the perfect competitive rate it gives to its driver. Granted it allows for tips, and so it allows for some “building a brand,” which means less competition. But as a driver, one does not yield much power over his or her paycheck. For one, I believe there should be way more transparency and autonomy to be called a free-market.
Ain’t nothing wrong with being a proud anything, by the way. That is not what I was trying to say.
Ain’t nothing wrong with being a proud anything, by the way. That is not what I was trying to say.
I will write a big paper on Uber to talk about it and dispute it's policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends
Bring Uber a copy.
![296669]()
Uber LOVES PAPERS !
Uber is just taking advantage of the system. It's the system that needs to be changed. We need unions to keep them in check - not more government involvement.
@Sacto Burbs im very repressed. I hope you will become too for laughing at the situation. What are you, a proud Uber driver?
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