"The business is going to zero in any scenario, so you might as well double drivers' wages on the way down" is a different argument that the one I thought you were making - but I disagree with this premise, too.
I, too, dream of the land of make believe, where a company losing $2B annually in a cutthroat business doubles its drivers' wages and becomes profitable. https://www.nytimes.com/2019/05/01/opinion/uber-ipo.html …pic.twitter.com/LcIJ4IAtC8
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Also shows a certain naivete about the forces at work (cough mafia cough) in cities' decisions about taxis.
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A better Uber would have encountered city governments that are open to making their residents’ lives better.
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LOL: "a better Uber would have found a way to work with municipalities" I am very thankful Uber persevered despite local governments protecting the monopolistic taxi industry. It was the taxi monopoly's underinvestment in supply and tech that made Uber such a better option.
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> Uber lost $2 billion in 2018 > But because of where it came from and how it was cheered on, Uber felt little cultural pressure to divvy up its gains more equitably This guy wants to charge every Uber driver for the company’s losses
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A better Uber would have existed in a world where the rules of math doesn’t apply.
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Well its pretty hard and very slow to work with municipalities...
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