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Uber Posts $5.2B Loss and Slowest Ever Growth Rate

nytimes.com

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Re: Uber Posts $5.2B Loss and Slowest Ever Growth Rate

#511

Post by danbender »

tim333 wrote: post #479
apta wrote: post #320

Earlier quoted context omitted.

Question is, which cab app are you going to download, especially when you're traveling? If you use Uber/Lyft (especially the former), you're practically guaranteed that you'll be able to use it at your destination.

I'd google "cab app in country ". Some places it's not Uber. Vietnam it's Grab, Germany I think you have to use a regular cab.

@tim333, In Germany, you could use, e.g., "MyTaxi" which is now called "FreeNow" since a recent, hilariously bad rebranding attempt(1) by its owner Daimler.

(1) BMW and Daimler will invest $1B in their new joint venture (https://www.your-now.com/) that brings their mobility services under one roof.

Re: Uber Posts $5.2B Loss and Slowest Ever Growth Rate

#512

Post by jjeaff »

magpi3 wrote: post #427
jjeaff wrote: post #349

Earlier quoted context omitted.

There is a big factor that you are missing when it come to huge taxes. And that is the fact that people, especially the wealthy, are mobile. Tax the wealthiest 0.01% at 99% and watch how fast they leave the country for low tax regions. It already happens with people like the Facebook cofounder that renounced US citizenship.

I hear this a lot. I will believe it when I see it. Silicon Valley is crazy expensive. Why do people go there? Why don't the wealthy of Silicon Valley live someplace cheaper? Because that is where the action and the talent is. It's not just about money and cost of living. Also the 0.01 are so absurdly wealthy many are pledging to give away their money. They are not going to move away from their homeland because they…

https://www.businessinsider.com/goodbye-america-billionaire-...

https://www.modbee.com/opinion/article226101685.html

Re: Uber Posts $5.2B Loss and Slowest Ever Growth Rate

#513

Post by bluetidepro »

BeetleB wrote: post #422
bluetidepro wrote: post #50

Earlier quoted context omitted.

You also have to factor in gas, renting a parking space for the car at home AND at work, taxes, insurance, convenience, etc. It's one of those things like renting. Yeah, in the long run, purely financially, buying would probably be cheaper, but a lot more factors go into it in real life that doesn't make it as black and white. For me, not owning a car is still much better overall, currently. Also, as I mentioned in a…

I'll bite. I keep track of all my numbers. For the 86 months I had my last car, I paid an average of $236/mo. This includes purchase price (subtracting out the amount I sold it for). Insurance. Taxes/fees. Gas. Auto insurance. Repairs and maintenance. Silly things like car washes. Of course, I didn't buy a brand new car, or even a recent car. And bought a reliable brand so repairs were low. My insurance was not just…

That may work fine for where you live, but that doesn't apply in my case. It's over $400/month alone for both parking in my apartment building, and getting a space to park near my work (both downtown Chicago). And 90% of the places I go to outside of work, don't have free easy parking, so I'd be paying a ton for parking since there isn't convenient free parking lots like suburbs have. So parking costs alone makes it unrealistic for me and not as cheap as in your case.

Re: Uber Posts $5.2B Loss and Slowest Ever Growth Rate

#514

Post by core-questions »

xster wrote: post #274
core-questions wrote: post #255

Earlier quoted context omitted.

> more and more of this planet's 'productivity' is concentrating more and more in the hands of those who produce the AI automations. Sometimes I think folks who think like this really need to get outside more. Yes, a lot of things are being automated, but (a) consider the janky quality of automation, because it's really not mature yet even in purely-software environments where everything can be controlled, and (b) co…

> Sometimes I think folks who think like this really need to get outside more. Yes, a lot of things are being automated, but (a) consider the janky quality of automation, because it's really not mature yet even in purely-software environments where everything can be controlled, and (b) consider the raw cost of doing it vs. the productivity savings and side effects. It's just not worth it for a lot of things and won't…

> Why are you giving away your hard earned money to feeding your child? There is no GDP output from the child.

There will be, eventually; and I get to glorify my selfish genes.

Re: Uber Posts $5.2B Loss and Slowest Ever Growth Rate

#515

Post by Jommi »

chris123 wrote: post #507
malandrew wrote: post #500

Earlier quoted context omitted.

The important thing is what impact that recession has on the business model. Is the business model counter-cyclical or at least recession resistant? Not all business models perform the same in a recession.

During a recession: On the demand side, people cut back on spending (on Ubers, for example). On the supply side, some laid-off workers will turn to the gig economy.

This is what people just do not seem to get.
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