yankdog

Well-Known Member
There's been speculation that UberEats was somewhat profitable for Uber. Guess not:




I am seriously loving all the bad ink both these companies are getting. These assclowns couldn't make money running the Ebony Inn let alone anything else.


Look at this line

"...the tech company says that in some cases it was paying the delivery drivers more than the actual delivery fees it was charging customers."

I used to be in the business of peddling a version of a story and this is a classic line which will be repeated often to justify future rate cuts or ending incentives. From one bullshit peddler to another, Dara, you aren't hiding your strategy well. Uber won't say the right strategy is to have the consumer pay more for the delivery to offset the difference.

I hope before I die a Godzilla-like creature emerges menacingly from the Pacific and lumbers slowly to Dara's home and takes a giant shit on his roof then ruinr Uber HQ vegan buffet in the caffeteria.

I'm good. Anger issues under control. Meds kicking in. <Eye twitch>. It's all good.
 
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New2This

Well-Known Member
I hope before I die a Godzilla-like creature emerges menacingly from the Pacific and lumbers slowly to Dara's home and takes a giant shit on his roof then ruin Uber HQ vegan buffet in the caffeteria

What a visual this wordsmith paints
 
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Nats121

Well-Known Member
There's been speculation that UberEats was somewhat profitable for Uber. Guess not:




I am seriously loving all the bad ink both these companies are getting. These assclowns couldn't make money running the Ebony Inn let alone anything else.
Very opaque data just like the regular prospectus.

And just like the regular prospectus, they don't break it down by nation.

Unlike uber X, Eats has yet to arrive in many markets. When they do, uber spends lots of money on promotions such as free delivery, and promotions to attract drivers.

Once they become established in a given market, driver pay gets CUT, delivery charges go UP, and promotions disappear.

In other words, in established markets such as DC, Eats is a big MONEY MAKER for uber.

I do Eats sometimes, so I know of what I speak. I've also spoken to some restaurant owners who complain about the sky high 30-35% commission they're paying to uber.

McD is paying less than the standard rate and some customers pay a reduced delivery fee, but in those cases, it's used by uber as a loss-leader.
 
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SurgeTastic

Well-Known Member
Yankdog said:
I hope before I die a Godzilla-like creature emerges menacingly from the Pacific and lumbers slowly to Dara's home and takes a giant shit on his roof then ruin Uber HQ vegan buffet in the caffeteria.

Look, I come to UP.net for clear, concise, direct statements of facts and/or opinion.

I can’t really figure out where you’re going with this kind of wishy-washy, ambiguous, and vague post.

So next time, yankdog, please tell us exactly how you feel, OK?
 
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Another Uber Driver

Well-Known Member
Moderator
McD is paying less than the standard rate


Thank you for the information. I always did wonder how Icky-D's made any money from Fubar Cheats. I have talked to some of the restaurant owners and they tell a similar story; they lose money working with Uber. You must submit a menu. You can not jack up your prices, you must charge what you charge walk-ins. Even if you are going to raise your prices across-the-board, once you start working with Uber, they have veto power over that (for Eats customers, at least). Unless you are operating one of Washington's overpriced and mediocre expense account restaurants, the restaurant business is low profit margin. I do not see how they make any money when Uber takes thirty to thirty five per-cent. They must all lose money.

There was a guy who owned a restaurant who posted his experience on the Uber Eats Boards on this forum. He did not last l ong. He looked at the books, saw how much money he was losing and cancelled the agreement. Uber keeps spamming his INBOX as it tries to get him back in the fold.
 

Damn Boy

Active Member
Thank you for the information. I always did wonder how Icky-D's made any money from Fubar Cheats. I have talked to some of the restaurant owners and they tell a similar story; they lose money working with Uber. You must submit a menu. You can not jack up your prices, you must charge what you charge walk-ins. Even if you are going to raise your prices across-the-board, once you start working with Uber, they have veto power over that (for Eats customers, at least). Unless you are operating one of Washington's overpriced and mediocre expense account restaurants, the restaurant business is low profit margin. I do not see how they make any money when Uber takes thirty to thirty five per-cent. They must all lose money.

There was a guy who owned a restaurant who posted his experience on the Uber Eats Boards on this forum. He did not last l ong. He looked at the books, saw how much money he was losing and cancelled the agreement. Uber keeps spamming his INBOX as it tries to get him back in the fold.
Whole Uber idea is dumb. Both cab and food delivery are low margin businesses. They thought they could make billions on this . Idiots
 

Bluecrab

Well-Known Member
Whole Uber idea is dumb. Both cab and food delivery are low margin businesses. They thought they could make billions on this . Idiots

Many did make billions, not in profits, but by selling shares to other idiots. Greater fool theory.

Conceptually it's a winning idea. Execution of idea is where I differ.

What's amazing is their ability to take these companies public at their valuation. VC firms invest knowing the risk. Sometimes VC lose 100% of their investment. For Lyft, and soon Uber, the VC firms found their unicorn.

On the US stock markets their may only be a couple hundred companies with a valuation of $100B. To think Uber is in the top 200 publicly traded companies in US truly is a mind fornication.
 

Freddie Blimeau

Well-Known Member
See like I don't even call Uber Eats no more. It costs a lot of money, it takes forever to get there & the food's always messed up.

I ain't worried about the money, but if I'm going to pay out all that money, I oughtta get a lot better, you know?
 

nutzareus

Well-Known Member
McDonald’s can get a better rate with FUBER because they can afford to eat the loss and subsidize the meal, just like FUBER can subsidize rides. It’s purely a loss leader initially, eventually people will change their habit and stop coming to McDonald’s to eat. Look at their new restaurants, might see one register open, they have self-serve ordering kiosks. FWIW I read about the germs on those touch panels, I order mine using my phone’s app. My phone’s probably just as filthy, but at least it’s my filth?
 

nickd8775

Well-Known Member
Restaurants could raise their menu prices, then offer a 20% discount that anyone who walks in could qualify for. Such as a local discount, a happy hour discount, etc.
 

Kawiz03

Well-Known Member
Are you still... ? ? ? ? ? ? ? ? ? ? ?
 
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