Leaked Uber financials from 2012 to 2014

Post by ectoplasm » Thu, Aug 06, 2015, 7:53 AM UTC

mattmanser wrote: post #48

jfoster wrote: post #31

Earlier quoted context omitted.

It's actually build a better service, give each user subsidized (or free) rides so they get to experience how much better the new service is, then stop handing out free rides like candy.

You just said the same thing, but framed as a positive. Use VC money to put taxis out of business then jack up the price and let the service level plummet as cheap immigrants become the drivers.

Post by jfoster » Thu, Aug 06, 2015, 7:57 AM UTC

mattmanser wrote: post #48

jfoster wrote: post #31

Earlier quoted context omitted.

It's actually build a better service, give each user subsidized (or free) rides so they get to experience how much better the new service is, then stop handing out free rides like candy.

You just said the same thing, but framed as a positive. Use VC money to put taxis out of business then jack up the price and let the service level plummet as cheap immigrants become the drivers.

Post by danieltillett » Thu, Aug 06, 2015, 8:01 AM UTC

brc wrote: post #49

danieltillett wrote: post #12

Earlier quoted context omitted.

In theory if they can lower the costs substantially through innovation over the current taxi model they can grow the market out of private car usage. This would mean all parties (except car manufacturers) will benefit.

Car manufacturers will benefit. What matters is passenger miles driven, not total number of unique car sales. If you open up a new pocket of driving demand because it's easier to get a lift, then the total passenger miles driven goes up. Even more so if it is a pickup/dropoff model with 'empty miles'. More miles driven->Cars worn out faster->more sales. More sales of likely generic cars less obsessed with expensive a…

Post by whatusername » Thu, Aug 06, 2015, 8:02 AM UTC

friendzis wrote: post #28

danieltillett wrote: post #12

Earlier quoted context omitted.

In theory if they can lower the costs substantially through innovation over the current taxi model they can grow the market out of private car usage. This would mean all parties (except car manufacturers) will benefit.

In transportation business major costs are vehicle depreciation/maintenance/consumables (fuel, insurance, tires, etc), wages and you can include domain specific expenses (insurance, driver health chek-ups). * You can't reduce DS expenses. You can offload them to drivers, but that will still be reflected in prices * You can reduce wage cost by eliminating administrative load by having tools (apps, backends) do the job…

Post by joosters » Thu, Aug 06, 2015, 8:07 AM UTC

beagle3 wrote: post #47

puranjay wrote: post #37

Earlier quoted context omitted.

Uber is active pretty much everywhere. They're truly aiming to corner the entire global transport market. They're putting in $1B in India alone. When the dust is settled, you're going to get a company that controls the private transport industry in an area that stretches from San Francisco to Kolkata For an industry that was once dominated by small local players, this is truly mind blowing. I don't think there is a s…

They're spending an awful lot for control of a market that is expected to disappear within a few years when self driving cars mature. Of course, they are aware of it and are investing in being a leader in that market - but they're fighting with global giants over there, not the local Taxi outfits.