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Uber S-1

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Re: Uber S-1

#552

Earlier quoted context omitted.

Thanks. I'm surprised your description applies to all those places, but to be fair I don't really have direct experience riding taxis there.

Why surprised?

Because it doesn't match the reports I got from people living in Belgium, France and Spain.

Re: Uber S-1

#553

Earlier quoted context omitted.

They don't have to buy the cars they use today, what makes you think they'll have to buy them when they're self driving?

I can’t tell if you’re joking? Today the drivers buy the cars. A driverless car can’t buy itself, so some entity will have to, and if it is not Uber itself buying the car whoever did buy it will want to get paid just like today’s drivers do.

I'm not joking, and you seem to have missed the entire reason people think of self driving cars + ride-sharing services as being a game changer.

Today people drive others around for money. Tomorrow people let their cars drive people around for money. No one thinks Lyft and Uber are going to be buying the cars, people just won't need to be physically in them to make money from Uber and Lyft any more.

Re: Uber S-1

#554

Earlier quoted context omitted.

I can’t tell if you’re joking? Today the drivers buy the cars. A driverless car can’t buy itself, so some entity will have to, and if it is not Uber itself buying the car whoever did buy it will want to get paid just like today’s drivers do.

I'm not joking, and you seem to have missed the entire reason people think of self driving cars + ride-sharing services as being a game changer. Today people drive others around for money. Tomorrow people let their cars drive people around for money. No one thinks Lyft and Uber are going to be buying the cars, people just won't need to be physically in them to make money from Uber and Lyft any more.

Just because self driving cars are a game changer doesn't mean that all (or even any) of the benefit accrues to Uber. Who holds pricing power in this scenario? The company that makes the car, the person who owns the car, the agent (Uber/Lyft/etc.), or the rider? I think there's a reasonable case to be made that the agents are the most commodity-like element. Tesla e.g. has already shown a desire to use value-based pricing to capture their share of the money-making potential of the cars they sell. Any owner will prefer to rent their car via the agent that pays them the most. Any rider will prefer to rent it through the agent that charges the least.

Re: Uber S-1

#555

Earlier quoted context omitted.

I'm not joking, and you seem to have missed the entire reason people think of self driving cars + ride-sharing services as being a game changer. Today people drive others around for money. Tomorrow people let their cars drive people around for money. No one thinks Lyft and Uber are going to be buying the cars, people just won't need to be physically in them to make money from Uber and Lyft any more.

Just because self driving cars are a game changer doesn't mean that all (or even any) of the benefit accrues to Uber. Who holds pricing power in this scenario? The company that makes the car, the person who owns the car, the agent (Uber/Lyft/etc.), or the rider? I think there's a reasonable case to be made that the agents are the most commodity-like element. Tesla e.g. has already shown a desire to use value-based pr…

While I disagree, that's at least a valid argument. You should start with that instead of asserting that the capital requirements of buying up a bunch of cars will be the limiting factor.

Re: Uber S-1

#556
post #513

Earlier quoted context omitted.

I got bear-ish on self-driving cars when I realized that, in order to be able to drive in Bucharest, you _have to_ break the (letter of the) law fairly often[1]. Knowing when to do so requires "common sense" which is a notoriously difficult nut to crack - computer vision may be advanced enough, but it's simply not enough. I still think it will evolve in time and reach mass-market, it's just that it will take lots of…

I’m not sure that figuring out when to break the law in your example is any harder then figuring out when turning left is legal and safe on unprotected intersection. This is not to say that it's easy, but autonomous vehicles need to solve problems exactly like that one on a regular basis.

Yes - and I was saying that I realized that solving these problems require the elusive "common sense". If we get that figured out, even just roughly, I think we'll break the barrier of general-purpose AI. I'm not sure we're close to doing that... But, maybe I'm wrong.

Re: Uber S-1

#557
post #430

Earlier quoted context omitted.

This is one of the more ill-informed tweets. How hard is it to roll out a ride hailing up? Borderline impossible. Especially for companies that have zero competency in service, software and marketplaces.

> How hard is it to roll out a ride hailing up? Borderline impossible. So how do we already have Lyft, Cabify, MyTaxi, Bolt, Kapten, Didi, AutoNavi, Meituan, Grab, OlaCabs, and a bunch more?

Lyft is the only one I've ever seen in the USA. Even Uber has struggled in markets where a strong player already existed.

Re: Uber S-1

#558
post #400

Earlier quoted context omitted.

> no VC will fund their rapid growth (small offerings will still find a niche, assuming they don't get gobbled up And yet Grab and Didi drove Uber out of South East Asia and China, Ola is giving Uber a run for its money in India and now GoJek in turn is challenging Grab. In my recent trip to Tokyo we were mostly advised to take regular cabs Vs Uber in contrast to a year ago. That's literally half the world where they…

>>When reasoning doesn't line up with facts, there are usually flaws in the logic. I don't think there's an opposition of facts and logic here. Grab was founded in 2012 ( https://www.grab.com/sg/about/ ), Ola in 2011 ( https://www.olacabs.com/about.html ), and GoJek in 2010 ( https://en.wikipedia.org/wiki/Go-Jek ). All of these were entrenched players in their respective markets when Uber decided to put up a fight. U…

You underestimate how much VC money is out there right now and Uber's competitive position in international markets is far from stable.

Re: Uber S-1

#559
post #400

Earlier quoted context omitted.

> no VC will fund their rapid growth (small offerings will still find a niche, assuming they don't get gobbled up And yet Grab and Didi drove Uber out of South East Asia and China, Ola is giving Uber a run for its money in India and now GoJek in turn is challenging Grab. In my recent trip to Tokyo we were mostly advised to take regular cabs Vs Uber in contrast to a year ago. That's literally half the world where they…

They did not get "out competed" in china, a country where competition has nothing to do with success. Likewise in Russia. Grab is the only company to out compete Uber so far.

Thats bs, you only need to google "china bikesharing competition" to know what it means to compete in China. Startups in China will resort to any means, legal and illegal to bring each other down. A lot of bikesharing companies went bust because people essentially competed to the point of reducing price to wipe out the other competitor.

Even if you succeed temporarily, your competitor will clone you and your technology. Its similar in USA but in China its multiplied by the population factor in a region the same area so its more intense.

The competition also permeates downwards and creates beasts like the 996.

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