that thread is a fairly common argument among people who try to rip on Uber. It’s full of bad math and bad assumptions - but that doesn’t mean it’s wrong. in fact, what he describes is more often than not true - there are TONS of fools losing money by rapidly depreciating newer cars driving Uber for various reasons…
Ricky Sunnyvale
erictm
nice nice car -, but the tires cost alone will kill the profit using this for uber. And factoring depreciation load, this thing’s a money loser. Too nice for Uber really
Chicago is 2003 for 2017 - 2002 currently
that’s what I uber in - 04 Town Car. $5K and paid for itself in 3 months of part time driving. Been nearly pure profit car for the last 18 months with nothing but routine maintenance - and great passenger ratings. Driving a car that depreciates is fools work on Uber - driving one already fully depreciated is the…
absolutely perfect uber car actually -
you’re forgetting that uber is nothing more than an app - marginal revenue is highly profitable once capital hurdle is satisfied. there is no cost other than technology related and marketing, and in Uber’s case staggeringly high burden labor headcount at staggeringly high rates
substitution is related to elasticity, but neither buses nor feet are acceptable substitutes to the drunk, vapid 25 year old female at 1:30 am who cannot do anything that doesn’t involve an iphone app. Uber is FAR more inelastic than most people realize - for the reason above, and secondly because it’s pricing is so…
you are completely ignoring the economic concept of price elasticity
wrong - do your homework.
that used to be true, but it’s not really true anymore. driver subsidies are a mere tiny fraction of what they once were.
passengers pay 100% the cost of their trips - but only 41% the cost of operating Uber - this is an expenses problem, not a revenue problem.
they do collect a LOT of taxes from the riders, wherever the jurisdictions require
lol...most people will not get the sarcasm here
worst vehicle I’ve ever owned - an 03 LS V8. night. f’ing. night. mare. Fun as hell to drive for the 12.2% of the time it was sorted out and running right, but a fickle bitch in every way.
get yourself elected to the board....that’s what I did - not a problem since with the plethora of shit I keep scattered about the garage, driveway, street, yard....lol - if you can’t beat em, join em.
that’s just ignorant - do your homework, manwich
you just learned the first rule of new-to-me trailer ownership - first item on the checklist is always new tires, second is repack bearings
Exactly - this is much much cooler
crackedy crack crack....and I’m a vw nut