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Q: Do you really think Uber is going to collapse or be bought up by another company?
A: Look , I don’t have the internal numbers to – I’m not like . . . the hedge fund guy, Jim Chanos, who shorted Enron. He had lots of research and researched this stuff. . . . Let’s put it this way: I’m shorting Uber.
Recently, I took a trip to Africa. It was interesting to me that even though they do not have a fancy app, you can walk out the door and find someone to take you almost anywhere you want to go. Part of our current situation is due to societal and cultural factors that don't necessarily exist everywhere. But, if we don't have Uber, I think there's still a market for affordable, on-demand rides.
The points the article makes about Uber's drivers are kind of meaningless anyway since Uber won't even have drivers in a few years.
I think you're vastly overestimating the sophistication of driverless systems.
If Uber wasn't around, the alternative would not be people taking public transport. The alternative wouldn't be people waiting 35 minutes for taxis. The alternative would be people driving in themselves, causing greater congestion, because they'd rather sit in traffic for an hour rather than stand out in the rain.
And Internet is just a fad
I think a statement like "...and AltaVista is just a fad" is more appropriate, considering that ride-sharing is likely to continue being relevant but the companies that provide it will come and go.
"So, yeah, it’s great: you hit the app, and the car shows up now in 10 minutes instead of a 35-minute wait. But now the traffic congestion is so bad that you’re sitting in that car for 20 minutes longer to get anywhere... cities now are starting to discuss and deal with: traffic congestion. The traffic congestion is so much worse.
Now, is it all because of Uber? Not it’s not...you suddenly have a new service that’s committed to just flooding the streets with cars, putting thousands of more cars on the street. Is it any surprise that now the streets are more congested?"
This is total stream of consciousness. Is Uber multiplying the taxi fleet? How can one put so many competing statements together like that and think it's coherent? Should we revert to poor taxi experience? Will that bring down traffic congestion? What's the point?
And Internet is just a fad
This is gold... "So, yeah, it’s great: you hit the app, and the car shows up now in 10 minutes instead of a 35-minute wait. But now the traffic congestion is so bad that you’re sitting in that car for 20 minutes longer to get anywhere... cities now are starting to discuss and deal with: traffic congestion. The traffic congestion is so much worse. Now, is it all because of Uber? Not it’s not...you suddenly have a new…