Ybercrashed onto the scene a while back with a value proposition that many people liked. It would organize folks with cars to provide a better service than taxi offer. Many people have bought into this, and Uber has grown into a behemoth
But cracks are appearing in Uber’s business model. At the core, Uber has a very high driver turnover rate. The reason is simple, Driving for Uber sucks, and Uber can’t do anything about it.
If this is so, we can expect a lot more volatility in this market. Yikes!