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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’

#11

Post by trillic »

ellyagg wrote: post #6
jgwil2 wrote: post #3

Neither 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.

Yes it has, mine too, I love cheap, easy rides. What makes that possible though is because Uber is essentially selling $1 bills for 75 cents. Uber at the prices it currently charges in most markets is not sustainable.

Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’

#12

Post by paggle »

Both of these companies provide a valuable service, and in Uber’s case a massively world changing one. Even if these companies only end up being worth single digit billions, they are still great companies independent of Saudi money pumping valuations into the absurd.

Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’

#13

Post by perseusprime11 »

jgwil2 wrote: post #3

Neither 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…

Ellison's cat seems straight out of a Murakami novel.

Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’

#14

Post by JamilD »

jgwil2 wrote: post #3

Neither 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'm sure Uber engineering are tackling tough technical problems

They definitely are, but I think the point is that those technical problems aren’t core to the service. The value that Uber provides to you is a platform for independent, cheaper taxis – the routing algorithms and ML add to that, but the technology isn’t core to the product or the value of it.

Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’

#15

Post by overcast »

jgwil2 wrote: post #3

Neither 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…

It's always been my personal opinion that they should sell their software as as service to taxi companies through integration agreements. Besides the nicely subsidized prices, the act of easily being able to hail a ride is a game changer.I really don't give a shit what car I'm getting into, as long as I'm not calling some sketchy number, talking to someone I can't understand, and having it actually show up.

Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’

#19

Post by celim307 »

weare138 wrote: post #7
conanbatt wrote: post #4

Earlier quoted context omitted.

Dude..Uber changed the world.

It's an unlicensed taxi. The only thing Uber has done is somehow make taxi's worse.

Idk what taxi's you used but outside of a handful of cities, getting a taxi was terrible. Even when I lived in Chicago I had to call the dispatch, who would give me a 10-15 minute wide estimate of their arrival time, and often idled at a random spot in my building and I would have to walk back and forth across the complex to find it.

Uber and Lyft are insanely better than that.

Re: Oracle’s Larry Ellison Calls Uber and WeWork ‘Almost Worthless’

#20

Post by buboard »

conanbatt wrote: post #10
weare138 wrote: post #7

Earlier quoted context omitted.

It's an unlicensed taxi. The only thing Uber has done is somehow make taxi's worse.

A billion rides a day in almost every single country in the world.

I dont think uber is very useful outside the US
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