Re: Uber, Lyft, and traffic

Posted by bodhipooh on 2017/1/8 11:27:56

greenville wrote:
Well looks like Uber is screwing itself too.
Yes, you’re reading this right: Uber is projected to lose $3 billion in 2016

Nah... Uber is playing the long game. They can afford to operate at a loss because of their very deep pockets that have benefitted from massive capital backing. They will continue to push into the autonomous car segment pushing research and innovation, while also battling Lyft and other competitors. Amazon ran major deficits for well over a decade, almost 20 years really, and it has done just fine.

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