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by vonwoodson 1918 days ago
Worse than that: Uber has yet to turn a profit!! [1] [2]

Even treating its “independent contractors” like d09(c)h!7 isn’t enough to make the business profitable. As best I can tell, investors are literally investing in the idea... no, hope, that companies can somehow exist without real employees. That they can Pray Away the Proletariat.

[1] : https://morningology.com/four-top-reasons-why-uber-isnt-prof...

[2] : https://www.forbes.com/sites/bethkindig/2020/03/25/can-uber-...
1 comments
xmdx 1918 days ago
I don't think immediate profitability is a concern for Uber, investors are all in on future profits when/if they move to autonomous cars. The profitability is far greater then, rather than now.

I don't know how deliveroo future profits look in comparison.

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KptMarchewa 1918 days ago
They sold autonomous car division few months ago.

If they won't own the technology, then Uber has no moat when it comes to service - people generally use cheapest ride hailing app.

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