Opinion | Uber’s IPO filing affirms a dangerous business model - News Summed Up

Opinion | Uber’s IPO filing affirms a dangerous business model


Uber’s core ride-sharing business is also under some stress with growth slowing. If app-based ride-sharing companies such as Uber are the future of transportation, that future isn’t looking particularly profitable. Ola, Uber, and Airbnb, as well as other gig economy startups, are all following this playbook. In India, driver earnings of all the ride-sharing companies are already under severe strain. A March 2018 story in Hindustan Times, when Uber and Ola drivers across the country were on strike, chronicled their difficult working conditions amid declining earnings.


Source: Mint April 17, 2019 19:30 UTC



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