Author Topic: Can Uber ever make money  (Read 551 times)

Citytaxistreets

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Can Uber ever make money
« on: December 02, 2017, 11:39:27 AM »
What's the sacred cow in this business , caps, the reason that taxis have been worth so much is due to the fact that there were a restricted number of taxis based on profitability and income . Since the start of Uber and the lifting of caps, medallions have gone down and Uber is bleeding cash, Can an industry where anyone can get in, ever be able to make money ?!!!!!

https://techcrunch.com/2017/11/29/ubers-losses-grew-to-1-5-billion-last-quarter/

nyctaxinews

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Re: Can Uber ever make money
« Reply #1 on: December 02, 2017, 06:52:24 PM »
Uber the company may never be profitable. But the private stock holders sure did a great job of stealing our medallion value. We can't sell a medallion but they can sell their private stock for millions!!!!!!!!!!!!!!


Citytaxistreets

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Re: Can Uber ever make money
« Reply #3 on: December 22, 2017, 09:10:26 AM »
If Uber falls in NY. they fall all over the world.
They canít keep expanding and they havenít made money yet, theyíve cut all their corners, to make money they need to raise their prices , but if they raise their prices ridership plummets , the city can offer them a ehail monopoly but thatís a tough one.

The only way black cars can make money is to be prearranged like it used to be , a pickup in the future generally by a nicer car at s higher cost. Taxis were made for on demand, black cars by prearrangement like the term use to mean.
« Last Edit: December 22, 2017, 09:25:08 AM by Citytaxistreets »