Uber driver's pay is declining constantly. This week it reached the point where good drivers are quitting. The self driving technology to replace these drivers is not yet here. Uber will start absorbing the self driving cars maintenance costs. They will be surprised how much money it takes to have a running clean car. Uber jacked up riders prices to prepare for this; accounting them as insurance costs. Riders are looking more and more into cheaper alternatives. Public transportation is making a come back.
Uber will be bankrupt with this model. Their biggest mistake is not taking care of their biggest asset; their drivers.
I'm shorting UBER to their death.
Uber will be bankrupt with this model. Their biggest mistake is not taking care of their biggest asset; their drivers.
I'm shorting UBER to their death.
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