Is Uber’s model viable? Why?
Uber’s business model is viable, and it has seen significant growth in profitability. But, Uber is currently facing major regulatory and legal challenges. The classification of its drivers, who are independent contractors instead of employees, could have a significant impact on its sustainability in the long-term. It is unclear how long-term Uber’s competitive edge will last given the fierce competition in the ride-hailing market.
Do you like Uber for a ride?
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