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by nickcrowley81
3357 days ago
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There has never been an above razor thin profit line for fleet vehicle operations. Uber is a subsidized taxi company. They charge people from A TO B and take a cut of the fare. The fares are so low compared to taxis because of this subsidization. The only way they survive as this app form of a taxi is by drastically raising fares. They will be too far behind the driverless car race and crash there as well. Let alone the truth of the matter is, the technology is waaaaaaaay farther away on driverless. Read Financial Times 7 part series on Uber. They're the only ones truly on top of this sham of a company. |
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