But it's not profitable, that's the point. Did you read the article? Uber trips are subsidised by the investors at the moment - they're really not going to do that for ever. If they don't knock cabs out of the water in the next couple of years, Uber is toast. It's going to be a race to see who...
It doesn't take much of a brain to work it out. If every ride is charged about 40% about its actual cost it will only start making money when prices triple or quadruple. At the moment they're about 20 to 40% cheaper than cabs, who's going to use Uber if they're twice as expensive? So, they're...
Interesting piece on the company's financials, set to lose $3 bn this year after losing $2 bn last year. It's a bit of a race now: the plan is to undercut the competition thus driving them out of business and then massively increase the prices but will they run out of money before doing that...
Since Uber launched, I've been checking my phone to see if there are any cars available. Initially I checked two or three times a day but I've no settled for every second day. In all that time, there's not been a single car available (I've just checked now). They need to get more cars in...
Every time I look about availability in Brighton, I see "
Brighton
Uber is currently not available in this location"
So, it doesn't look like a meaningful option right now
You've got to be joking. We normally use black cabs in London but we've used minicabs a couple of times. Both of the times the driver got completely lost, one took about 30 minutes for a two mile journey at night. I would only use a black cab in London, at least they know where they're going
So, the 4.00 launch didn't happen then.
"Brighton
Uber is currently not available in this location BACK TO RESULTS"
Did the tribunal decision delay it?
Even if the decision is upheld, it won't be the end of Uber, As you said, the company will be working out ways to comply and stay profitable.
And yes, there are some drivers who would be happy to be self-employed but I'm sure there are others who wouldn't be (I saw a survey the other day that...
There are several other similar cases going through the system right now and MPs are looking into this as well: this is not just a one-off.
Personally, I'm delighted with this and hope it sticks. It shouldn't hit the genuinely self-employed but the false self-employed. I speak from bitter...