Uber and Lyft Drivers to Strike Wednesday? (1 Viewer)

[Good Posting Judge]

On that note, what seems to be the primary reason they're losing so much money?

It's clearly not that they're paying drivers too much. 

They don't have costs in the cars like taxis would.

What seems to be the biggest problem?

This seems to break down their challenges/issues pretty well: https://medium.com/@AsherOfLA/ubers-balance-sheet-says-we-re-not-a-tech-company-e3b6a9561d14

 

[Don't Noonan]

All I know is that it IPOs on Friday and I am uber excited about it.

 

[Eephus]

Helicopters are now circling overhead. I'll check Uber HQ again after the soccer game

 

[Major]

The 'strike' didn't seem to effect Houston.  Looked on the app during morning rush and this afternoon.  Plenty of cars available and similar rates.  Striking in a gig economy is near impossible.

 

[Eephus]

If there was a demonstration at noon, it must have moved downtown or disbanded.  By the time I got to Uber at 2:20PM, there were a lot of police, security guards and media but not many other people.  There was a guy wearing a Tottenham jersey so I gave him a

 

[Dan Lambskin]

Eddie Valiant : Nobody's gonna drive this lousy freeway when they can take the Red Car for a nickel. 

Judge Doom : Oh, they'll drive. They'll have to. You see, I bought the Red Car so I could dismantle it.

 

[Politician Spock]

IMHO I think this might eventually be one of the biggest Wall Street lemons in history.