Ride-hailing in Metro Vancouver: Uber, Lyft, Sidecar - emerging technologies

[WarrenC12]

Worth noting that Uber just lost $1B during Q3, on revenue of $3B, and bookings of $13B. That's a hell of a lot of money that Silicon Valley bros are still subsidizing their rides. Growth of 6%, so nothing crazy anymore.

Uber has a much more convenient interface (app), doesn't require the awkward money exchange, and there's a rating system for passengers and drivers. All of those are good things.

However, they haven't magically solved the cost of driving people around. The company is bleeding incredible amounts of money, and drivers aren't making much when accounting for their expenses. This shows that the "cheap" rides of Uber aren't a reality.

I hate cabs, but ride-hailing isn't perfect.