Workers > Customers > Shareholders (this is Costco’s stated priority by the way; they do very well and treat their employees well)
A competitive advantage has no value without a path to profitability.
If you can’t kill taxis with tens of billions of dollars of VC investment, how does the last bit of cash Uber has help?
Uber's rideshare business appears to be almost revenue-neutral. So if you're waiting for Uber to run out of cash, you'll be waiting a while. Worst case scenario, they stop pouring money into their money-losing ventures and focus on rideshare.
It's a real pity that there is no 'HN Quotes' section, I'd definitely nominate this one.
If the idea of “independent contractors” is punctured so that Uber has to ensure drivers make minimum wage in 40h after their own operating expenses, then Uber won’t have a huge competitive advantage anymore.
When a spike in demand occurs, a page goes out to all employees who currently aren’t on the road requesting that all those who can do so safely proceed immediately to an area that has unfilled demand.
The q is: can the driver play Xbox with his kid and get him a higher education, with the pager off? Then it’s an ok solution. Otherwise not.