>Uber won’t be able to single-handedly kill the restaurant industry
Title:
>Uber's Credit Card is Bankrupting restaurants and it's all your fault
I am confused.
"Uber publicly denied that they would receive an individual’s spending habits from the Uber card."
The article is pure speculation about Uber's aspirations with a lot of links to credit cards.
This article is mostly fluff and contradictions (and credit card advertising). However, it does alert to the predatory information collecting / hoarding and value of that information to the restaurant industry, however speculatively those alerts are
Like, honestly? This is it? Uber, the "behemoth" who failed to crush the taxi industry as promised, is now somehow going to "disrupt" not just the restaurant industry, but also the credit game? Let's not forget that they actually need to start making money. Are VCs going to subsidize peoples' credit purchases now, too? Why not have them subsidize my housing as well? Why stop at ride sharing and food?! Uber all the things, right? Shame that Uber forgets that it is not and never will be Amazon.
Gonna file this one under "total horseshit"
- Hemorrhaging cash like a hemophiliac taking blood thinners
- Embroiled in various legal battles
- Losing labor market share to Lyft
- Losing customer market share to Lyft
- Failing to push legislation to eliminate taxi medallion systems
You know, the planet where they've lost their Keanu Reeves (TK) along with billions of dollars. The planet where I and many others do not use Uber in favor of a Lyft or taxi. The planet where Uber created a failing business model and tried to put lipstick on the pig by evading laws and throwing cash at the dumpster fire. The one where they subsidize every single ride with VC cash while they hold out hope for Level 5 autonomous vehicles to replace their substandard workforce on a more-than-optimistic time frame. The planet where Uber is a black hole of delusional "manifest destiny" style Silicon Valley kool-aid.
Taxis aren't dead. They'll be around well after these fools are parted with their money.
On top of all of this, Uber still loses money with its ride-sharing, so what makes people think that they're ever going to make a lasting dent in delivery food? The only actual information they're able to garner from a card is how much people are spending, where, and at what time. That's got its use, but it's not exactly revolutionary never-before-seen information.
A classic clickbait.
>Edit: Uber publicly denied that they would receive an individual’s spending habits from the Uber card. However, that doesn’t discount their previous attempts to acquire this data and don’t prevent them from acquiring this data in the future from the card or other avenues.
Undermines the entire first part of the article...but don't let that discount it
> "Dining, including UberEATS"
I bet that subconscious thought could increase spending enough to pay for any given rewards.
Most everything in this article seems like a huge reach. I'm sure Uber wants to keep options open given the rough waters right now, but I doubt any of this is a real plan at this point.
Thanks for the consumer bashing clickbait
