I know Uber and Lyft have not actually turned a profit yet, but it makes you wonder if they ever will? Wonder how many expedite companies are in the same boat????
Economics of Uber and Lyft
- Thread starter coalminer
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I know Uber and Lyft have not actually turned a profit yet, but it makes you wonder if they ever will? Wonder how many expedite companies are in the same boat????
Out in Silicon Valley tech companies are financed by private equity investors. While they don't have an endless supply of cash, there are enough wealthy investors that want to get in on the next big "thing" and are willing to take the risk for a chance at the big reward.
Expediting, not so much. No investors would throw good money after bad because the reward isn't big enough. So, if a Expediting Co doesn't make a profit they don't stay long IMHO.
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Trucking, expediting or otherwise, is a great way to retire with a small fortune. Provided you go into it with a large fortune.
So James River Insurance just announced they're cancelling Uber policies the first of the year.
If you want to know more about it, here's an article from MarketWatch which includes some excellent comments at the bottom.
It'll be interesting to see how Uber solves their insurance dilemma, for sure.
If you want to know more about it, here's an article from MarketWatch which includes some excellent comments at the bottom.
It'll be interesting to see how Uber solves their insurance dilemma, for sure.