391–400 of 470 posts
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Does Uber even want to encourage people to take more rides if each single one is at a loss? It's hard to envision the strategy going forward.
Yes, they want to eat up the whole market until all the competitors die. Then they can raise prices.
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That's a very good point too which I missed. People don't care about whether their friends are using Uber or some other app. They care about whether the ride is cheaper. It's a bottom of the barrel pricing game in ride sharing apps.
They also care about wait times. And drivers care about utilization. "Taxi apps" definitely have network effects from the two sided market, though not as strong as a social network.
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Yes, they want to eat up the whole market until all the competitors die. Then they can raise prices.
With that strategy, Uber might run out of cash before the competition is crushed.
True, but time scales matter. Given their current position, it might take 20 years for that to happen. By then, who knows where they or the market will be.
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I agree that Uber is betting on driverless cars to lower the cost per mile. But I think Tesla will beat them to market much much before them considering Tesla already has the tech. Elon even hinted on the Tesla taxi fleet in the next couple years. Now I realize Elon's got poor judgement on timing but I still think they will be able to achieve that much earlier than Uber. And if they do, I honestly don't see Uber surv…
There's no evidence that Tesla has any distance on Uber, other than Elon's word which means jack. Waymo is thought to be the leader in this space.
He has proved his words countless times now. I have no idea what you are talking about. Only criticism I have about Elon would be his estimations on the time but I work in the tech field too and I can relate to issues coming up which postpone the deadlines.
How exactly is Waymo thought to be the leader? It's like the same argument short sellers have been making for years that Tesla electric cars will be overtaken by other car manufacturers. Come back to me when Waymo has overtaken Tesla in actual and on the market product.
(source: turned down offer in 2016 because of employee-unfriendly terms)
Given this price (and the likely downward trend to come if Lyft is any predictor), I wonder if Uber and Lyft are really just an act of philanthropy from SF VCs + SA to hungry/drunk/tired city-dwelling folk. If so, thanks guys! (* and you mostly are guys). Next ones on me!
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I don't see how the UX thing is so revolutionary. I live in a city with 120k people, and the app of the local taxi company here does all of those things as well.
But did they do that before Uber?
Only a moron buys public shares from this company. They are not profitable now, have never been, will not be in the forseeable future, it's employees hate the company, customers will shift to any competitor that comes along.
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With the burn rate uber has, it'll be bankrupt in < 2 years. There are no other suckers to buy in after the public.
I've never understood why so many people were/are so bullish on Uber. I understand that ride hailing is a big deal, but it doesn't feel like it's that hard to launch a new ride hailing company. I'm basing that opinion on what I've seen in my city. When Uber and Lyft left Austin, there were lots of alternatives that had existed or popped up to fill the space. Aside from brand recognition, what does Uber have that the…