I was reading an article from
The College Investor about how it was cheaper for a person to rely on
$UBER for rides than to own a car. Looking at the math and understanding the author's lifestyle, I understand why it would be cheaper for him.
With cars becoming more expensive, gas prices remaining high, and budgets becoming tighter, some find that they can save more money by relying on ridesharing services to get from Point A to Point B. Others find that relying on ridesharing services removes the stresses that come with traveling with a car (like finding parking, maintenance, etc.).
If more people quit car ownership and start relying on ridesharing services to get to places, one thought I had was how people would take out food from restaurants? One can take rides to pick up food from the restaurant and return home. But comparing the transportation costs that come with picking up the food than from food delivery, people that rely on ridesharing services would save so much time and money by relying on food delivery services to deliver their food.
Uber was smart to be in both the delivery and the ridesharing industry. They knew that if their customers relied on them for rides, their customers would surely rely on them for food delivery.
As for
$DASH $LYFT and other pure plays in the gig economy, it would be interesting to see whether they choose to merge and become a clone of Uber or remain as pure plays and use their focus to dominate Uber in their respective industries.