UBER AND LYFT’S SEEMINGLY ENDLESS SCANDALS!
Stock investors who expect to rake in big profits on the soaring share prices of Uber Technologies and Lyft when they go public should think again, according to a detailed analysis by industry expert, Joseph Vitale. He also notes that Uber and Lyft aren’t solving the congestion problems that cities want to solve, rather, they are actually contributing to them.
Furthermore, Uber and Lyft’s notoriously ambiguous wage policies have triggered vigorous debates among drivers. Francois Aure reflects that, “Pay is a delicate tightrope for the two ride-share giants”. It appears that recent changes made to the driver bonus structure are dimly viewed by the drivers. All in all, the confluence of driver pay and diminishing bonuses seems to raise palpable conflicts between Uber and Lyft and their “employees.”
UBER DRIVERS STRIKE
IPO valuations are largely viewed as cover for the huge debt balances of these two ride-hailing unicorns. Both Uber and Lyft are notorious money losers with no real prospect of turning a profit any time soon, while simultaneously piling up mountains of debt in recent years. While struggling with debt and the absence of profitability, Uber and Lyft are engaged in labor conflicts while drivers fight to secure sufficient wages for rent and basic living needs.
With the proliferation of Uber and Lyft drivers in large metropolitan areas, individual driver pay has sharply fallen, further exacerbating the challenges faced by these companies.
QUP’S INNOVATIVE SOLUTIONS FOR EMBRACING THE 4.0 ERA
Given this dismal backdrop, QUp believes it’s time for a return to strategic, targeted investment in better technology. By accelerating the development and implementation of a robust, competing technical infrastructure QUp can further erode the market share currently enjoyed by Uber and Lyft and delay even further the attainment of profitability by these two. So why not seize this golden opportunity and join the race towards being a pioneer in the travel industry?
QUp will help you turn the tables Uber and Lyft as their troubles are insurmountable and their financial model is unsustainable. QUp is a high-end technology company that has all it takes to professionalize the way you do business. QUp’s advanced cloud dispatching and white-label mobile apps platform are trusted by hundreds of partners globally. Besides, our NEWEST released UI will blow your mind with both its ELEGANT and INFORMATIVE look and functionality.
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