Is Uber bleeding?

41

Not sure what to make of this statement sha.

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42

Price a cab from Ikeja to Ajah and use an uber and compare.

43

lol…she should have done a fare estimate…

44

Or not accepted the surge price obviously.

45

I think generally, Nigerians think good things must be ‘expensive’ or ‘luxury’. Whenever something is good or of high quality, then it automatically must be expensive. I am always tickled when I meet people who think anyone having the e-tag on lekki toll is a ‘big boy’. When I tell them it costs me less (about N135) each time I pass instead of N150 if you’re paying cash, the shock on their faces is similar to what I see when I tell people how much I pay for Uber and that I use it rather than burning fuel and looking for where to park every time I get to a client’s office

7 Likes
46

6k the last time I went that far with a Cab.

47

I never used yellow cabs that much. I have been using Uber so much since they arrived. The business case for me -
1). The cars are very clean & neat
2) The drivers better and more courteous than any driver i have had or could hire
3) I don’t have to worry about parking
4) they show up just when I need them.
I hail a cab while sitting at a client’s office and just walk out and enter like it’s my personal driver. No hassles.
Uber is just awesome!

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48

I wasn’t talking about Yellow Cabs either mate.

49

of course Uber is bleeding. It’s one of the longest bets in the tech industry today, if not the longest. Uber + self driving cars/drones is the goal and that’s around 10 years out. But when it happens it will probably be the biggest game changing technology of our generation. Bigger than search engines and social media IMO.

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50

Lol I said this on Twitter during a conversation about consumer products with a luxury perception and olodos told me I had self esteem problems

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51

IMG_20160207_005129.jpg640×771 54.5 KB

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This is a VC’s recent view on the “uber cash bleeding” scenario. His views are so critical that he thinks Uber might be bleeding to its death.

He gave several supporting lines to the argument above (it is a worthwhile read with arguments about why Uber makes several errors that might doom its existence), the chief reason he premised Uber’s slow death on is that Uber lost $1.2billion in 6 months

(Imagine, that amount of money alone could have saved Nigeria from the present recession)