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Reminds me of Classpass and it's business model evolution. Sounds like they have transitioned well after spending significant capital.

http://money.cnn.com/2018/03/01/technology/classpass-credit-...

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If they had the same kind of investment support, hype, and customer satisfaction as Uber, they might be really successful. But it doesn't sound like they have any of them.

Uber is getting support from everyone to subsidize the cost of rides. And the ploy is to wait until self-driving cars are viable. I guess the market is saying that movie theater chains can hold out against bargaining for longer than that.

...and last I heard, Uber had a very high (>90%) annual churn rate in drivers, so if their flow of new victims slows (like a virus up against too high a percentage of the population with immunity now), they may not turn out as well in the end. It might suggest why Uber is maybe pushing to get self-driving cards as fast as possible; they may know they don't have all the time in the world before the current model stops working.

curious where did you see that >90% driver churn data? many drivers I speak with have been driving with uber / lyft for years (in SF)

I believe I first saw it here: https://www.cnbc.com/2017/04/20/only-4-percent-of-uber-drive...

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