FWIW: I almost exclusively ride Lyft rather then Uber, but recently have been using Uber Eats much more then the other delivery apps. Their UX, navigation, search, and scheduling is quite a bit better then other food delivery apps.
Heh. My second kid was born late last year. So I am kinda homebound and grounded. Food delivery apps keeps everyone fed without any of us wasting time to go out to get food.
They’re doing some financial gymnastics to show rides is EBITDA positive. The growth rate is already under 20%. Eats is where all the growth is, and that’s a crazy competitive space that’s losing a lot of money.
In the final phase of a regime, you see the most incompetent people occupying critical positions in government and bureaucracy. This news is a good example to look at.
Trump is doing good. He is fighting big fishes like globalists, internationalists, FBI, CIA, Communists etc, unlike the rulers in California who are looking a way to tax the poor people like uber drivers. In case you do not know, 1099 provides better tax savings than W-2 that is why California is insisting on converting contractors into employees.
Stick a fork in Uber. They just sold off their autonomous driving business. The business they’ve admitted was the key to them being financially viable as a company. Now they really aren’t a tech company and are just a low margin services company.