Uber's Big Problem: It's a Zombie Corporation That Can't Make Any Money
Uber is gaining a lot of attention with the upcoming IPO. Lyft went public to the tune of roughly $25 billion.
Uber is expected to garner $100 billion when it finally goes to market.
The problem with Uber is they just keep losing money with few prospects of making it. While it is not uncommon for companies to go public while losing money, some feel that Uber is a zombie corporation.
It is trying to be the "Amazon" of the transportation world. While Google uses the money from search to fund other projects, Uber is losing money everywhere. This is even without the expected increase in competition from the likes of Tesla and BMW, both who mentioned getting into the ridesharing game.
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One of the biggest problems that Uber has is that they are not very innovative. A lot of the things they do, they copied from Lyft. For example,
when you are out picking up passengers, the rides can take you anywhere. So let's say you are 80 miles from home and ready to end your shift. You can set the app to pick up rides that only take you in the direction of home. This was a Lyft innovation that Uber copied.
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