Potential risks to be aware of with this company/stock
– The quarterly reports for Uber will be watched closely by analysts, since ride-sharing gone down drastically in many countries around the world and many even changed their behaviour following Covid-19. Today, many are rather driving their own car, walking, cycling or taking motorbike to get around due to the increased infection risks Uber drivers been having.
– Might be forced to treat drivers as employees instead of independent contractors, which could add extra costs to the business, while making it less flexible.
– Uber's surge pricing during busy times made many customers either stop using it, since normal taxi is cheaper in many countries, or start to get very negative towards Uber.
– Sexual harassment from Uber drivers created #deleteuber campaign and many female passengers got worried to ride with the company.
– Self-driving cars could both be an opportunity and high risk for Uber, according to the company themselves.
– Pick-ups and drop-offs at airports are getting harder and costlier, making some customers opting for other transport modes.+ Still not available in many countries with monopoly.
– Several Uber executives are selling shares in the company.
– Do UBER still own Uber Eats? Yes, they do, except in some countries such as India sold the local, Indian Uber Eats to Zomato a privately hold company. Uber Technologies Inc received a 9.9% stake in Zomato when they sold the Indian Uber Eats in January 2020.
– Uber rides cannot go in taxi lanes in most countries, which add extra time to your journey when there is traffic, compared to going with a real taxi driver.
– Many competing apps such as Gett in the UK, Israel and Russia are usually quicker (since allowed in taxi lanes).
– Lots of alternative app based ride sharing sites are cheaper, such as Didi in China and Mexico, Ola Cabs in India and Kapten in Portugal and France are way cheaper.
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— TechNext Nigeria
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