Is Uber over?
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 20 January 2022
⏱️ 34 minutes
🧾️ Download transcript
Summary
The firm once hailed as the future of city transport is battling a driver shortage, post-pandemic demand and rising fares, leaving some disgruntled passengers waiting on the pavement. So, is this the end of the road?
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Transcript
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| 0:00.0 | Here in the UK, we sell amazing products and services the whole world once. |
| 0:04.4 | At the Black Farmer in Devon, our producers enjoyed on both sides of the Atlantic. |
| 0:09.8 | We're McKinnon and Saunders from Manchester and our puppets are watched on six continents. |
| 0:14.8 | So whether you're new to exporting or experienced, |
| 0:17.4 | explore global growth for your business with free support from the UK government, |
| 0:21.6 | access information, training, events and expert advice to help you find new customers overseas, |
| 0:27.2 | visit great.cup.uk to get started. |
| 0:38.2 | Every now and again, an innovation comes along that changes the way we live so much. |
| 0:44.7 | You can't quite remember what life was like before it. |
| 0:48.8 | For people in towns and cities all over the world, Uber was one of those innovations. |
| 0:55.3 | It made traveling by cab quick, convenient and surprisingly cheap. |
| 1:01.9 | They would charge us a lot less than they were actually giving the driver. |
| 1:05.7 | And so literally at one point, Uber was losing, say, three dollars, five dollars more on every single |
| 1:13.6 | journey. This investors were helping subsidise cheap taxi journeys. |
| 1:18.8 | But like many businesses, faced with staff shortages and rising post-pandemic costs, |
| 1:25.3 | Uber seems to have hit a wall. |
| 1:27.8 | There's a lot of skeptics out there. There are even investment analysts who kind of say, |
| 1:31.8 | this is a dead company walking. There are questions about how long could it go? |
| 1:39.0 | Is what used to be the go to ride hailing app in trouble? |
| 1:44.5 | You're listening to stories of our times from the Times and the Sunday Times. |
| 1:49.0 | I'm Manvian Rana. Today is Uber over. |
| 2:06.4 | If you're an Uber user, you must have noticed it in the last six months. |
... |
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