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Old 09-12-2019, 02:04 PM
 
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Quote:
Originally Posted by beaniemac View Post
which is surprising since uber is still posting 10 figure losses annually.
Hasn’t amazon retail continued to lose money annually also? Remember, Uber and Uber Freight are different segments.
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Old 09-12-2019, 06:26 PM
 
1,067 posts, read 916,122 times
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Quote:
Originally Posted by damba View Post
Hasn’t amazon retail continued to lose money annually also? Remember, Uber and Uber Freight are different segments.
Google "Amazon Uber losses" for some great articles on why you can't compare these companies. Amazon ha numerous competitors in both retail and online shopping. Uber and Lyft are basically an oligopoly in the rideshare market so they should be dominating profit wise but they're not. Uber is trying to control everything logistics wise (taxi, food, freight, etc). Here's a nice article I read on their strategy:

https://www.washingtonpost.com/techn...=.fd00a69df067

It might work. It might not. I can't help but think that Uber and Lyft will be like Sirius and XM radio. File bankruptcy to wipe out debt and then combine forces.
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Old 09-12-2019, 07:20 PM
 
4,011 posts, read 4,253,056 times
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Thanks for the link

IMNSHO, they will continue to leverage their data to improve their services beyond what their competitors will be able to achieve.
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