Originally Posted by queetz@home
The loses are very disturbing for someone that loves Uber...then again, Ballard Power has been loosing money for God knows how long, analysts say it won't turn a profit until 2020
, and they are still in business...
Then all the more reason why there needs to break this cartel since they are never a good thing for the consumer.
It's probably pulling an Amazon and trying to pull the taxis and other ridesharers out of business, then turn around and raise prices once the free money from the EU and Japanese QE sessions and low global interest rates inevitably dries up.
It's the same with pretty much everything else, newspace had a similar boom because investors had wayy to much $$$ to spend, so they dumped it in ventures that made null. It's good for them, until the money stops pouring in.
Now, NewSpace companies are shutting down and merging almost on a monthly basis now.
Let's hope Uber plays its cards right.