Taxi Uber Lyft

Uber Under Fire As Ride-Hailing Firm's Valuation Falls

Uber was supposed to disrupt the existing, entrenched taxi industry in countries around the world and redefine ridesharing, benefiting both customers and the environment with lower costs and fewer trips travel via the ride-hailing revolution.

From the start, Uber's business model was based on achieving market dominance. The company massively subsidized (and still does) customers' rides to make its offering seem more appealing than those of other providers. In theory, when Uber achieved scale and had put the rest of the market out of business, the company would be able to raise prices and generate a profit.

Also . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 11/30/2019 or after next 25 12 subscribers take advantage whichever comes first – please do not share this discount with others

 

0