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by 6cd6beb
2559 days ago
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>If these drivers get everything they want, I cannot imagine a scenario where fares do not go through the roof, which will likely lead to a decrease in demand, which will have a negative effect on take-home pay for drivers. With that in mind, revisit page 8 of uber's S1 document(link below), where their momentum towards profitability depends of a circle of arrows where more drivers/driver availability → lower fares/wait times → more riders → more driver opportunity/earning potential → more drivers Now just turn the arrows backwards and swap out less/more lower/higher ; if something like unionization occurs that's the path through which uber will (according to their own rubric) spiral down to 0. The only way they could prevent hemorrhaging drivers and users once that spiral started would be to burn through VC money at a faster rate. S1 document - https://www.sec.gov/Archives/edgar/data/1543151/000119312519... |
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