Author Topic: Can Uber ever make money  (Read 96 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!!!!!!!!!!!!!!