[Tactical45]

Uber will continue to grow in profatbility. As the platform matures and continues to grow in revenue, the overhead development cost will actually decline, not just as a percentage but as an absolute number as well.

Furthermore, Lyft being borderline bankrupt helps Uber take more advantage of the most profitable and largest market.

[Sephr]

It's an app that matches drivers with riders or deliveries. There's not much to 'mature', so I doubt that they will grow much in profitability.

I can absolutely see this happening for transit companies like Waymo that are still in the maturation process of developing novel infrastructure.

[Tactical45]

Mature in a sense that Uber has invested billions in operations to get deals with cities & airports, developer legal expertise globally, and has technology that allows them to operate globally.

Saying Uber is "just an app" isn't a strong argument. It overlooks the marketplace dynamics that in themselves are a huge moat. You can also say "Instagram" is just an app.. But good luck trying to recreate that level of success.

[paulpauper]

It's similar to Tesla in this regard--a decade of losses from 2010-2020 and then -boom--huge cashflow once the infrastructure outlay and customer base acquisition pays off. 'Smart money' was right all along to keep buying the dips. Uber is a play on not only on transportation, but also Ai, logistics, delivery, etc. It's like Amazon in this regard.

[ganeshkrishnan]

Uber is just an app. Many Uber drivers have both Uber and Lyft open at the same time and choose the best one.

All it takes is a new app to offer better commissions for drivers and riders. I am not so sure that Uber has a very sticky customer base

[yakkityyak]

I'm also not convinced uber eats will ever make money.