[NorCalPhil]

I don't believe a bank would underwrite without an actual plan to profitability. One fact we do know, if they could profit, they would profit.

Maybe they will start a courier business or invent some amazing supply that nobody realized they needed but as is...Uber is a loser of cash, boat loads of cash, and there are very sensitive variables at play when driver compensation gets cut or prices get increased.

Then again, stupid is stupid does. Look at the banks and what they caused in 08'-09'.

We shall see, but just my opinion.

I'm surprised there is no UberWeed.

 

[NorCalPhil]

They aren't going public. At least not as a Ride-share company.

I admit, this got my own tinfoil hat tingling. Care to share your theory?

 

[NorCalPhil]

@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?

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]

@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.

You're wrong. Uber/Lyft have plenty of competition. Cabs, busses, trains, personal transportation, TCP, etc. All of those are competing for the same transportation dollar. Rideshare is just a subset of transportation, and even within rideshare there are more players than just U/L.