Experience Stern | News & Events

Excerpt from Bloomberg -- "A question I often ask companies: 'If tomorrow you stopped growing, would you be able to make money on your existing business?' And I think the answer is no for Uber, if tomorrow, the game came to steady state. This is a business where they're giving away rides. What it costs me to go from where I live to Newark airport is $15. What it used to cost me on a cab is $55. There is no way with that $15 that that driver is making enough money to cover the cost of maintaining his car. This is not a sustainable, long-term business. Something has to change."

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