[djbebs]

Uber is running out of runway I see. Who knew that losing money on every trip you sell was an unsustainable business model?

[rightbyte]

Their software engineering overhead is just insane. I found some numbers from 2018 which states that there are about 90 000 FTE Uber drivers to some 1000s engineers. It is really strange setup for a cab company.

They are using their scale for bloat rather than a scale advantage.

https://www.epi.org/publication/uber-and-the-labor-market-ub...

[djbebs]

The whole business has bad economics, and it's been a perfect example of Venture Capitalist charity

[deepsun]

Same as Wework, but as far as I see, WeWork carved out their chunk of the market (by pricing out competition using price dumping). Now, once they killed some competitors, they are regular player on the co-working market, with regular prices.

I tend to think this is bad for economy in general, as it emphasizes capital over innovation.

[kramerger]

What stops a much smaller company to create a more efficient solution and take over the market now?

[deepsun]

Billions of investment? Not unique to ride sharing, but pretty much every other common type of business.