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Thursday, September 19, 2019
Uber's Days Are Numbered
By Panos Prevedouros PhD @ 4:05 PM :: 3255 Views :: Small Business

Uber's Days Are Numbered

by Panos Prevedouros, PhD, FixOahu, September 15, 2019

I have been saying this privately and on my Facebook page for at least two years. Uber's days are numbered. We just don't know exactly when it'll collapse. It really depends on the amount of fools willing to help it burn capital.

Now hear it from Princeton's Alain Kornhauser below. (The linked article dances around the truth and provides vague and false hope.)

At the size that they are now, neither Lyft or Uber are close to break-even. If they grow, it gets worse (unit labor charges go up and average revenue goes down, fundamental supply - demand). Driverless in a sufficiently large Operational Design Domain to substantially increase their size in not going to happen soon enough to save them as they exist today. They were just too early.

Their only "survival" option is to downsize by a factor of at least 10, reduce their valuation/stock price by a factor of at least 10. Become a "nice business" for 5-10 years and wait for Driverless Taxis to become a reality and start this all over again.

Driverless is a necessary condition to make this into a network non-labor intensive business. 

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