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Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

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Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#371
post #308

OH! This explains why they're in so big a rush for self-driving cars that they can't even be bothered to stop at red lights...

Wasn't it clarified that the incident was caused by the driver and not the software?

That's Uber's claim, but given their behavior over the years, I see no reason to believe them.

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#372
post #249
post #199

Earlier quoted context omitted.

Uber will long outlast Juno, Juno won't be able to finding funding long enough and will go under

As best I can see, Juno isn't trying to aggressively expand to multiple cities like Uber is. They don't need as much funding.

except they are already running at a huge loss and they will be stuck in one city forever? plus they came in so late that funding is harder to find as a lot of investors have already made bets in their competitors

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#373

Earlier quoted context omitted.

They still have the momentum. This isn't a start up trying to figure out how to make money (Twitter) or a company that can't/won't change (Blackberry). This is a company making money that is pursuing a blitzkrieg on the industry. They can sit back any day and rake in billions. I agree there isn't a high entry barrier, but I don't think they've lost the first-to-market advantage.

In my rather small city (~600k) there are already like 5 different uber-like options. And at least three of them were before the uber came. Dislcaimer: I've never used uber and I hope I never will. I dislike them as a company and that dislike grows over time.

Not that it matters, but 600k is not a small city, at least by US standards. Only four of 50 state capitals (Austin, Columbus, Indianapolis, Phoenix) have a population that large.

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#374
post #167

Uber will be a dead Unicorn in the medium future. They've got too many legal pressures, competitors with native advantages (i.e. the automakers), and their expansion plans have them overextended. Here in Edmonton, AB, Canada, regulatory changes have pushed the Uber prices to almost 2x during non-surge times over regular taxis. Taxi's have stepped up. Local competitors have sprouted. Carshares are abounding. It's all…

I agree that Uber has resulted in more competition from local competitors which is great, but this information about Uber pricing is not correct. Uber prices have gone down overall since the regulatory changes were made to allow Uber and other "ride shares" in Edmonton and put in place insurance requirements. The base cost per trip has gone up but the per distance and per time cost has gone down. Before the regulatory change my trip home from work averaged ~ $10. Example: Base fare: $2.75, Distance: $3.56, Time: $2.32, Safe ride fee: $1.00, Total: $9.63 After the change my trips average the same. Example: Base fair: $2.25, distance $3.46, time: $1.58, booking fee: $2.15, per trip fee (for insurance): $0.06. The total base cost before was $3.75 and after is $4.46, but the per minute and per km costs have gone down. So very short trips cost more than before, but long trips cost less than before. The regulatory change resulted in a cost of $0.06 per trip for insurance.

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#375
post #11

Earlier quoted context omitted.

AFAIK, this is called "Dumping the market". And it should not be legal...

Took me 30 seconds on the FTC website to find it: https://www.ftc.gov/tips-advice/competition-guidance/guide-a... Can prices ever be "too low?" The short answer is yes, but not very often. Generally, low prices benefit consumers. Consumers are harmed only if below-cost pricing allows a dominant competitor to knock its rivals out of the market and then raise prices to above-market levels for a substantial time. A firm…

I think the argument would be drawn from regular rates vs surge pricing vs taxi rates (and cost due to traffic etc...)

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#376

Earlier quoted context omitted.

The very fact that you treat this state as a separate entity from the people is a problem. In a republic, the state is the citizenry. Hackers are part of the state and can influence the state and should work with the state. No one here is agitating for delegating all responsibilities to the state. The point is that private businesses should work with the state and seek to change and reform regulation when necessary,…

In a republic, the state is the citizenry. In theory. I think we're pretty far removed from that in reality.

So...apparently for Apocryphon, the American citizenry is Trump? Interesting.

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#377

Earlier quoted context omitted.

One advantage Uber has over the app you mention is that it's in many (most) cities. You only need /one/ app and one place to go to get fulfillment. The network effect is not insubstantial.

Most people use Uber almost entirely in a single city. This is obviously not true for those who travel a lot, but for most people they only need a single app (whether or not it be Uber) for their home city. The real advantage Uber has is brand trust when taxis go back to their shady and anti-competitive business practices and the regulatory environment relaxes. The important question is if brand trust will be worth a…

Taxis and their local apps have zone limitations. They arbitrary bounds, within parts of your "home city".

They may not go where you want, they may not be available where you are, because you are not in the right part of the city.

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#378

Earlier quoted context omitted.

Yes but you needed a different app for each taxi company. That's a terrible experience.

And guess what Uber and Lyft are? Two different taxi companies with two different apps. I'm not sure what you think has changed here?

You only need one or the other. Not both.

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#379

Earlier quoted context omitted.

Yes if you don't have $25 you really should walk or take a train. Not sure that is a big reason to pick or not pick it.

>you really should walk or take a train Truly reliable and useful public transit is a luxury in the United States that isn't available to a huge majority of the country. Walking also isn't an option for many people due to safety, health reasons, scheduling, childcare needs, and not to mention just too much stuff to carry.

He lives in SF. He can walk or train where he needs to go.

Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue

#380
post #69

Earlier quoted context omitted.

Yes if you don't have $25 you really should walk or take a train. Not sure that is a big reason to pick or not pick it.

Uber is a 2-3 times a month kind of thing; otherwise, I take the bus. More importantly, the $25 was completely unexpected.

Again, if you are cutting it that close you should not be taking "luxury" transportation, barring needing to go to the ER.. in which case, maybe that hold was worth it.
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