Harry here. Today, senior RSG contributor John Ince shares a story of a quick thinking driver, a lawsuit against Uber brought forth by its own employees and a new study from MIT.
Harry here. Not everyone is as comfortable with smartphones as they’d like, so today RSG contributor Jon Knope walks through the driver and passenger side of the Lyft app.
On this blog, we frequently get questions about how to operate the various rideshare apps – and Lyft is no exception. To help answer those questions, we’ve put together a couple of video tutorials to walk you through every step, both as a driver and as a passenger. We’ve also extracted the most important info into an FAQ format below each video. (For a walkthrough of the Uber apps, click here!)
Harry here. Today, senior RSG contributor John Ince takes a look at Uber’s launch of ‘self-driving’ cars in San Francisco, which was anything but smooth. One of their cars promptly ran a red light and it was caught on camera. Also, it turns out Uber failed to register with the DMV despite nearly every other large automaker doing so. We all know that real self-driving cars will hit the roads some day, but it seems like there’s a lot more hype around them than reality these days.
We’ve also have news on Google’s new ridesharing service, an alarming privacy lawsuit against Uber and a story about the ever increasing congestion problem and whether or not Uber and Lyft are making things worse.
Harry here. We talk a lot about the bonuses Uber offers new drivers and the guarantees dangled in front of existing drivers, but when you add in all the passenger subsidies too, you start to wonder how Uber ever plans to turn a profit. Today, senior RSG contributor John Ince takes a look at Uber’s business model and more importnatly how their quest for profitability might affect the bottom line for drivers.
Recently there have been a flurry of articles about Uber’s finances, and they’re all sniffing around the same question: Is Uber’s business model sustainable?
With good reason, this is the 69 billion dollar question. $69 billion just happens to be Uber’s valuation in its most recent funding round, making Uber the most valuable startup in the history of the world. Valuable, yes, but profitable? No, most emphatically no. According to figures obtained by Bloomberg, Uber last year lost more money – over $2 billion – than any startup in history. The question of sustainability is the real issue facing the company now, and there are arguments for each side, depending on your perspective.
Harry here. Uber’s been on a fundraising tear over the past few years, but it seems like the good times could be coming to an end. After Uber’s disappointing defeat in China, they’ve shifted the narrative to UberEats and emerging markets like Latin America, India and Southeast Asia, but more and more people are starting to worry about their profitability. So as Uber and Lyft shift towards profitability, how will it affect drivers?
Today, senior RSG contributor John Ince takes a look at interesting series on Uber’s bleak operating economics, drivers getting tired of the sharing economy and an interview with an Uber exec who’s decided to take the wheel and drive.