Uber is profitable in many of its mature markets. This is while charging less than half what you would pay a legacy taxi service, while paying drivers more than they would make at the same.
This is the direct byproduct of strong network effects on both the supply/demand side, paired with operational excellence on their part.
Self driving cars would bring the marginal cost down even further, but they have built a stunningly good business with or without a quantum leap in automation.
The same probably isn't true for many other Uber-for-X companies, particularly those with underwater unit economics.
This is the direct byproduct of strong network effects on both the supply/demand side, paired with operational excellence on their part.
Self driving cars would bring the marginal cost down even further, but they have built a stunningly good business with or without a quantum leap in automation.
The same probably isn't true for many other Uber-for-X companies, particularly those with underwater unit economics.