Uber Not Facing The Bright Future Many Assume

Posted on September 25, 2015

NEW YORK (TheStreet) -- Several developments over the past few weeks suggest the tide could turn against ride-hailing service Uber. This should make investors think twice about investing in a potential initial public offering from this company. It should also make people question whether difficulties for taxi medallion lenders -- including regulators' takeover last week of troubled Montauk Credit Union -- could eventually subside.

TheStreet.com article and video here

Related Topics: driver behavior, driver pay, regulatory enforcement, TNCs, Uber

Comments ( 4 )
  • Scott Hayden

     | about 3 years ago

    Simple economics says supply and demand will rule the day. If Uber cannot get enough drivers at the current rate they will be forced to raise their rates so their drivers make enough to justify what they are doing. They are NOT on the ropes. They have come too far for that. As a frequent client of Uber, the biggest draw for their drivers seems to be the freedom of working whenever they want. Many of the drivers I've talked to are part time and use this as a way of earning extra cash.

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