I couldnt really read this article due to the tone beyond the introduction where they talk about the business model.
They talk very dismissively about the whole thing, but I believe the business model was clear for Uber. Build a new transportation network to replace our current taxis, then other things, using technology. Once self driving cars are a reality, they have a strong position to be dominant.
Their real issues have been execution once (losing to doordash should have never happened) as well as the delay of self driving cars. Both started happening really once they ousted Travis.
The pandemic also hurt their core business dramatically.
They talk very dismissively about the whole thing, but I believe the business model was clear for Uber. Build a new transportation network to replace our current taxis, then other things, using technology. Once self driving cars are a reality, they have a strong position to be dominant.
Their real issues have been execution once (losing to doordash should have never happened) as well as the delay of self driving cars. Both started happening really once they ousted Travis.
The pandemic also hurt their core business dramatically.