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Uber Raises Funding at $62.5B Valuation

bloomberg.com

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Re: Uber Raises Funding at $62.5B Valuation

#31

Post by blizkreeg »

dopamean wrote: post #22
blizkreeg wrote: post #19

Uber is now too big to fail. Possibly the most important company this decade. I never cease to be amazed by their phenomenal execution across the world. I was in Mexico City last week where I truly came to understand the enormous impact Uber as a company has had in these past few years. The service was highly prevalent, popular, and the experience was completely seamless — just like in the US. It barely skipped a bea…

The most important company this decade? I'm not saying you're wrong but I have to ask... what makes Uber so important?

Their spread, the value of the service, how they've completely transformed an industry. It's practically on its way to becoming a monopoly in many parts of the world.

Not saying that's good or bad. Just my opinion.

Re: Uber Raises Funding at $62.5B Valuation

#32

Post by demian »

dopamean wrote: post #22
blizkreeg wrote: post #19

Uber is now too big to fail. Possibly the most important company this decade. I never cease to be amazed by their phenomenal execution across the world. I was in Mexico City last week where I truly came to understand the enormous impact Uber as a company has had in these past few years. The service was highly prevalent, popular, and the experience was completely seamless — just like in the US. It barely skipped a bea…

The most important company this decade? I'm not saying you're wrong but I have to ask... what makes Uber so important?

The most successful redefinition of labour relations since the begining of overseas manufacturing.

Re: Uber Raises Funding at $62.5B Valuation

#34

Post by cm2012 »

dopamean wrote: post #21
marcusgarvey wrote: post #13

Earlier quoted context omitted.

Your question about self-fulfilling prophecy is very relevant to a recent piece written by a transportation expert. Among other points he makes: >Uber-type companies need to be understood as a radical departure from Amazon/EBay type models. Instead of displacing competitors through actual efficiencies, or by creating entirely new markets, its model is entirely based on getting the world to believe that it will inevit…

I can only speak for myself here but I feel like I am part of a new market that Uber and Lyft have created. I live in Austin TX and have had bad cab experiences here and so I frequently use Uber. I am from New York, however, and when I'm back there I almost never use Uber because I have no problems with getting a cab. I would be surprised if the market for cab companies in Austin is as large as the market Uber serves…

I live out in a relatively remote area of Queens in NYC and never, ever took taxis before (I would have had to call an unreliable, surly car service). Now I spend $100+ a month on Uber, which is never more than 5 minutes away.

Re: Uber Raises Funding at $62.5B Valuation

#35

Post by mwnz »

demian wrote: post #32
dopamean wrote: post #22

Earlier quoted context omitted.

The most important company this decade? I'm not saying you're wrong but I have to ask... what makes Uber so important?

The most successful redefinition of labour relations since the begining of overseas manufacturing.

Successful for the company. Not necessarily the population.

Re: Uber Raises Funding at $62.5B Valuation

#36

Post by blfr »

funkyy wrote: post #9

Yet mostly still unregulated. I cant get over all the bad stuff they did to get where they are now. I am not defending taxi drivers (it seems that ANYONE against Uber business model = taxi supporter - at least according to majority of A/B society) but Uber is what corporations shouldn't be - breaking laws, throwing money to shut people and lobbying every politician they can. While I understand love by people that use…

It's so easy to never deal with Uber if you don't want to that I don't see the point of regulation.

Re: Uber Raises Funding at $62.5B Valuation

#37

Post by toomuchtodo »

dopamean wrote: post #21
marcusgarvey wrote: post #13

Earlier quoted context omitted.

Your question about self-fulfilling prophecy is very relevant to a recent piece written by a transportation expert. Among other points he makes: >Uber-type companies need to be understood as a radical departure from Amazon/EBay type models. Instead of displacing competitors through actual efficiencies, or by creating entirely new markets, its model is entirely based on getting the world to believe that it will inevit…

I can only speak for myself here but I feel like I am part of a new market that Uber and Lyft have created. I live in Austin TX and have had bad cab experiences here and so I frequently use Uber. I am from New York, however, and when I'm back there I almost never use Uber because I have no problems with getting a cab. I would be surprised if the market for cab companies in Austin is as large as the market Uber serves…

I live in a suburb, own a shared vehicle with my wife, and never use Uber. Only the vehicle my wife and I share, a bicycle, or public transportation.

Anecdotes!

Re: Uber Raises Funding at $62.5B Valuation

#38

Post by toomuchtodo »

blfr wrote: post #36
funkyy wrote: post #9

Yet mostly still unregulated. I cant get over all the bad stuff they did to get where they are now. I am not defending taxi drivers (it seems that ANYONE against Uber business model = taxi supporter - at least according to majority of A/B society) but Uber is what corporations shouldn't be - breaking laws, throwing money to shut people and lobbying every politician they can. While I understand love by people that use…

It's so easy to never deal with Uber if you don't want to that I don't see the point of regulation.

Because Uber pushes out transportation providers who do follow the rules. Hence, regulation required.

Re: Uber Raises Funding at $62.5B Valuation

#39

Post by frakkingcylons »

jscottmiller wrote: post #18
prbuckley wrote: post #7

Lyft "lost $127 million in the first half of 2015 on $46.7 million in revenue, according to the documents. Lyft said last month that it has gained market share in key markets, such as San Francisco, and has a gross revenue “run rate” of $1 billion." I had no idea lyft was losing 3x the their revenue. That is crazy.

Anecdotal evidence, but I've hardly paid for a Lyft ride (aside from driver tips) for the last few months. This thanks to a long-running 50% off promotion in my area (Austin, TX, USA) and a pile of promotional credit added to my account. I wonder how much of this loss is due to these marketing efforts. Now that the promotion is over and credit depleted, my default ride app is back to Uber.

Not to mention that for a long time, you could exploit a bug in the ride-splitting feature that allowed you to get free rides during the 50% off promotion. They applied the promotion as a credit and calculated the credit before the fare split.

Re: Uber Raises Funding at $62.5B Valuation

#40

Post by blfr »

toomuchtodo wrote: post #38
blfr wrote: post #36

Earlier quoted context omitted.

It's so easy to never deal with Uber if you don't want to that I don't see the point of regulation.

Because Uber pushes out transportation providers who do follow the rules . Hence, regulation required.

This is an argument for deregulation, not regulation. Why bother with regulation in a highly competitive market?
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