LogFAQs > #957393744

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Topic	Stock Topic 32
red sox 777 08/24/21 12:51:54 PM #115:	I've taken some rides with Uber recently, and I've noticed that the price discount to taxis, which used to be about 50%, has in some situations completely disappeared. In fact I took a taxi a couple times because it was cheaper than Uber! I've been looking at getting into this stock, because I still think the concept is genius and should be extremely profitable. I don't understand how it is they are losing money when they've shifted their core expenses (the car and labor) onto drivers. But they're also doing a new offering so it seems they may be feeling squeezed for cash. Not sure what's up. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:957393744] in Stock Topi... [t:79596938]...</cite> <quote>I've taken some rides with Uber recently, and I've noticed that the price discount to taxis, which used to be about 50%, has in some situations completely disappeared. In fact I took a taxi a couple times because it was cheaper than Uber! I've been looking at getting into this stock, because I still think the concept is genius and should be extremely profitable. I don't understand how it is they are losing money when they've shifted their core expenses (the car and labor) onto drivers. But they're also doing a new offering so it seems they may be feeling squeezed for cash. Not sure what's up. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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