Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
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Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#2He isn't the only ones to make that assessment either. I think you will find this to be a common opinion among people who are paying attention.
Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#3Neither of these companies is actually adding any value at all as far as I can tell. Uber is undercutting taxis/transit with investor-subsidized rides and still has no idea how it's going to turn a profit unless it becomes the only ride in town. WeWork is pure middleman with some good branding. It amazes me that people believe these valuations. However, I can't agree with the cat comment; I'm sure Uber engineering are tackling tough technical problems.
Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#4Neither of these companies is actually adding any value at all as far as I can tell. Uber is undercutting taxis/transit with investor-subsidized rides and still has no idea how it's going to turn a profit unless it becomes the only ride in town. WeWork is pure middleman with some good branding. It amazes me that people believe these valuations. However, I can't agree with the cat comment; I'm sure Uber engineering ar…
Dude..Uber changed the world.
Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#5I hate to agree with this asshat, but he's right.
Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#6Neither of these companies is actually adding any value at all as far as I can tell. Uber is undercutting taxis/transit with investor-subsidized rides and still has no idea how it's going to turn a profit unless it becomes the only ride in town. WeWork is pure middleman with some good branding. It amazes me that people believe these valuations. However, I can't agree with the cat comment; I'm sure Uber engineering ar…
On a personal note, I hope you're wrong, because Uber has added a ton of value to my life.
Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#7Neither of these companies is actually adding any value at all as far as I can tell. Uber is undercutting taxis/transit with investor-subsidized rides and still has no idea how it's going to turn a profit unless it becomes the only ride in town. WeWork is pure middleman with some good branding. It amazes me that people believe these valuations. However, I can't agree with the cat comment; I'm sure Uber engineering ar…
Dude..Uber changed the world.
It's an unlicensed taxi. The only thing Uber has done is somehow make taxi's worse.
Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#8I hate to agree with this asshat, but he's right.
Oracle Linux, its flagship database and many of their products are utterly worseless.
Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’
#9Neither of these companies is actually adding any value at all as far as I can tell. Uber is undercutting taxis/transit with investor-subsidized rides and still has no idea how it's going to turn a profit unless it becomes the only ride in town. WeWork is pure middleman with some good branding. It amazes me that people believe these valuations. However, I can't agree with the cat comment; I'm sure Uber engineering ar…
I think Uber (and Lyft) are absolutely adding value. I now regularly take ride shares when I would previously have driven or extremely reluctantly taken cabs. I also talk to my rideshare drivers and the platforms provide some much needed cashflow (and perhaps day-filling) for people who seem genuinely happy to avail themselves of the income opportunity provided.
I see no reason to think that those two companies couldn't be quite profitable in their core businesses in their established cities. (I think they already are.)
That said, their valuations in the market are comically/insanely/unjustifiably high, but that's quite different from saying they "add no value".