Uber boss says U.S. market unprofitable amid tough competition from Lyft

Gerald · 11-09-17, 11:57 PM

Quote:

SAN FRANCISCO (Reuters) - Uber Technologies Inc will continue to lose money in its home market for at least the next six months as rival Lyft Inc poses a fierce competitive challenge, Chief Executive Dara Khosrowshahi said on Thursday in his first public comments since taking the top job at Uber two months ago.

http://www.reuters.com/article/us-ub...-idUSKBN1D9348

They have it hard!

Rockstar · 11-10-17, 12:23 AM

Never used Uber and I never heard of Lyft.

Onkel Neal · 11-10-17, 06:10 AM

I used Uber occasionally when I was on the road as a trucker, and several times when I was in Sweden. It works, in most cases better than using a taxi (which may or may not arrive... at all) and there is some tremendous potential if they can find a way to tie it in to air flights and lodging reservations.

Jimbuna · 11-10-17, 06:50 AM

Quote:

Originally Posted by Onkel Neal

I used Uber occasionally when I was on the road as a trucker, and several times when I was in Sweden. It works, in most cases better than using a taxi (which may or may not arrive... at all) and there is some tremendous potential if they can find a way to tie it in to air flights and lodging reservations.

Uber have just lost an appeal against a ruling here in the UK that its drivers should be classed as workers rather than self-employed.

http://www.bbc.co.uk/news/business-41940018

vienna · 11-13-17, 03:20 PM

There have been similar cases here in the US of Uber being sued for trying to have their driver classed as independent contractors rather then as direct employees and, as far as I have heard or read, Uber has lost their assertions in court every time...

<O>

Gerald · 11-22-17, 02:44 AM

Quote:

Uber paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said.

https://www.reuters.com/article/us-u...-idUSKBN1DL2UQ

The story goes on...

11-10-17, 06:10 AM	#3
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,385 Downloads: 541 Uploads: 224	I used Uber occasionally when I was on the road as a trucker, and several times when I was in Sweden. It works, in most cases better than using a taxi (which may or may not arrive... at all) and there is some tremendous potential if they can find a way to tie it in to air flights and lodging reservations. __________________ SUBSIM - 26 Years on the Web

11-13-17, 03:20 PM	#5
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,718 Downloads: 85 Uploads: 0	There have been similar cases here in the US of Uber being sued for trying to have their driver classed as independent contractors rather then as direct employees and, as far as I have heard or read, Uber has lost their assertions in court every time... <O> __________________ __________________________________________________ __

11-10-17, 12:23 AM	#2
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	Never used Uber and I never heard of Lyft.