Why Uber Fails to Disrupt

Great video

I remember Uber was everywhere in my country though under futher scrutiny in a few years they eventually went out in our country but there was still demand for it so they were replaced by local investors and businesses.

Spoiler alert!!!! Uber finally turned profitable this quater🎉.......after 14 years

MasterWorks - nothing else but scam

Erm venture capitalists are bad. Anyway check out this art investment startup

Masterworks? Really?
Read the disclaimer in your ad.
Masterwork says The investment is suitable only for persons who can afford to lose their entire investment. Well, that's an understanding with any type of so-called investment. There are other problems also.
But to have them a sponsor on this site crates a problem with credibility.

The company owns no vehicles. It's a software program which is a scheduler basically. Why in the world aren't they making a profit?
You are right. They should not exist

So what is Uber spending all the money on? If they take just a 20% cut that should be more than enough to pay for office space, server infrastructure, some management and app development

Cheap what?🤣🤣

My wife and I use Uber to take us to the airport. We check to see if the cost of the ride is lower than the cost of parking at the airport. If we had to pay what it really costs to use Uber we would park our car at the airport. Maybe we could even valet the car.

Fun fact: uber couldnt stay in business in hungary. Not because the their service was bad, but because the taxi mafia didnt let them. Yes, taxi mafia

Love how the video's all "Dont fall for Uber or Doordash but invest in these arbitrary fine arts pieces with this 9 minute ad for a bank". Btw, Uber's announced a profitable quarter 💀

if you want money go complant to Uber not to me, or you can work for lyft or try both, you being lazy not my prob bro

What's the terminal cost of running Uber? It should be like Wikipedia, fundamentally, just with more bandwidth. Throughout history, middlemen are always hated because their work isn't valued and their commissions are felt to be excessive. How can you justify charging 20pc as a platform? That's how much talent agents charge, in a world that's infinitely less liquid and more high touch. I guess AI will allow to fire 90pc of staff, but the question of how much it costs to run Uber software is a key one, I believe

Their entire idea is to survive at huge net losses on the backs of investors, offer below-cost services to customers, bankrupt traditional taxi companies, and then hold a monopoly on taxi services and jack up the prices. This has zero chance of working

If you could make a solid case for bitcoin id be impressed. Art could be ok but specificaly masterworks? After a good due diligence on the company and individual management managers maybe...

Bro masterworks? Capitalism is so desperate.

In 2024 Uber takes 50%... go drive and see, almost no incentives

Uber definitely disrupted the Taxi and personal travel data gathering industries.

Dara is Steve Jobs worst parody😂

Uber disrupts yellow taxi, black car service (in places like Brooklyn) and the entire food delivery sector. Why post this?

Yeah man I gotta unsub after the masterworks ad come on…you’re better than that

you shilling for Masterworks just erased all my credibility for this channel

by disrupt you mean, taking profit from sustainable market and propping up unsustainable tech bruhs before pulling a Rockefeller and jacking up prices when they control the market then yeah they've succeed

Call it a tinfoil hat moment but the absolute fantasy world these massive companies are living in has helped legitimize scams like FTX, Theranos, and Celsius. They're not lying about their numbers, they're just presenting them in a unique way that shows them to advantage. WeWork investors loved Adam Neumann's vision; they didn't worry about the details. "Move fast and break stuff" simply is not a reliable long-term approach to anything.

I don't understand why Uber has so high operational costs. It's just an app.

Have any actual taxi companies embraced technology like Uber to try and get some of its upsides without the downsides?

Sorry but “fails to disrupt” 😂? How many Ubers do you see these days compared to taxis? If Uber hasn’t been disruptive then I don’t know what is.

I'm pretty sure Uber disrupts as I remember a few years ago like a dozen or so cabbies in NYC suic-ing themselves due to being unable to pay off the debt of the medallion

Don't forget the failure of Uber Air, another dumb cash incinerator that never had a hope of working.

I am interested in where Modern MBA gets his data from? Anyone have suggestions?

Advertising masterworks seriously undercuts any credibility this channel has.

It seems like the business model if this channel is: give a few actual tid-bids here and there in order to create the image if legitimacy and then promote some scam company like Masterworks to create income. Income gained from the gullible. Typical. Are you going to promote some NFTs next?

Fwiw My best friend was at Uber HQ the year before it went public and it was all horrible place to work, backstabbing, cliquey, incredibly nepotistic, full of corporate drama and pettiness And big swinging d*)k energy And that came from the top down and that comany was the darling company that went public. Is it any surprise the business model was the way it was, And that things have not turned out so well so far?

Another revisionist take? The automobile fails to disrupt the horse-and-buggy since they both take you from point A to point B. Likewise before refrigerators there were iceboxes and besides, fresh milk is so overrated, and so on. If Uber fails to disrupt a lot of taxi cab companies beg to differ.

Just like full time airbnb hosts, full time uber drivers have given it the bad name

im no mba, but whenever i see a variant of the "we lose money till we dominate the market, then milk all involved" i always wonder what prevents the next VC stuffed startup to just do that when milking is reached XD

I know this video is a year old, but I'd be interested in a small follow up about Uber. They seem to be legitimately profitable now, and it seems to be coming on the backs of drivers. I did a couple of trips last week. The riders paid $65, and I got about $30. There were some external fees, and what I consider questionable charges for commercial insurance, but Uber still took 30% for themselves.

I guess my issue is, as a simpleton, I need help explaining this part



If I sell an apples for $10
My competitor sells apples for $4
I artificially lower prices to below operating costs ($2) ergo drive my competitor out of business: I now have a monopoly on apples….but I had to sell apples at $10 to see any profit….


How exactly does controlling the entire apple market (communism/monopoly) lead to 1. My operating costs dropping below my competitor’s and/or 2. My original operating costs lowering from their original price




In other words: if you aren’t making a profit under your system with a small portion of the market share, what makes you think you’ll turn a profit on the entire market?


Private equity firms just goes against everything I learned about money 😅
It’s like saying “we are in it for the money and we will ruin whatever we touch by making it either more expensive (for no reason) or shittier (to turn a profit)”



Taxi services should pay some gen z group a small stipend to manage their own service throughout the USA - anything is better than a private equity business 😂

How do they collect 30% (or whatever) of every transaction, not own a single vehicle, and still loose money?

Easy to understand_____More Drivers less Money

Uber's take rate in SF is at least 50% for regular city rides, 65-70% for airport rides. Not a sustainable business model in my opinion

While Uber may have all kinds of negatives for various constituencies', it's been great for riders. The stunning decline in the value of taxi medallions in New York and other big cities shows just how much local, heavily regulated taxi companies were underserving the consumer.

Can you make a video about SHEIN

So far so good in your analysis. Now for the crux. Let's just say you can, as an individual, wriggle your way to the top....I dunno about you but if I managed a multimillionaire pay packet for a year or two...I wouldn't GIVE A SHIT .. about the business...IVE RIPPED YOU ALL OFF...sucked in...if you are dumb enough to but shares in a shit company...so be it...but HEY how dumb are you to see a "ceo" walk away with the lute ....from a evolutionary perspective, " group selection" is totally discredited...this equates to shares here...the alpha male ( this bloke at the top), has taken you all to the cleaners ....if this is not clear enough...he's got the money...not you ...

I already have little patience for waiters and others in the service industry that whine about wages. I have zero tolerance for drivers and if someone tried to guilt trip me I'd report them.

Blame the industry not the customer.

My question is, if taxi companies have been profitable for over a hundred years, all while having to maintain cars, hire employees, pay salaries, etc, why can’t Uber? Where is the money going?

Uber will never fail because people hate taxi drivers more than literally anything else. It’s the only industry where people just started operating without a license and because taxis are universally hated, everyone was like sure go ahead screw the taxi drivers. A lot of cities banned airbnb, no city banned Uber until the later stages when it was done to protect uber “independent contractors” and not taxi drivers.

I hate taking taxis because they never want to use the meter and want to rip you off instead. I’d rather pay double with Uber than use a taxi.