Uber Sinks to New Record Low as IPO Share Lockup Expires

Post by naravara » Thu, Nov 07, 2019, 1:53 PM UTC

trhway wrote: post #164

naravara wrote: post #68

Earlier quoted context omitted.

>We knew that their future was purely dependent on a self-driving car fleet where they could ditch drivers (and their pay) completely. Nah. Right now their business model relies on having their labor bring their own capital. I've always seriously doubted that cutting the labor out of the equation and replacing it with capital that Uber now has to furnish and maintain was going to save all THAT much money. The numbers…

>Right now their business model relies on having their labor bring their own capital. That is really post-Marx. It is a new economy structure enabled by technological progress, and which couldn't have existed and hasn't been predicted until it was enabled by technology and was created by Uber and the likes. In marxism, ie. in classic capitalism the capital owner extracts added value which is created by the labor appl…

Post by trhway » Sun, Nov 17, 2019, 3:54 AM UTC

naravara wrote: post #211

trhway wrote: post #164

Earlier quoted context omitted.

>Right now their business model relies on having their labor bring their own capital. That is really post-Marx. It is a new economy structure enabled by technological progress, and which couldn't have existed and hasn't been predicted until it was enabled by technology and was created by Uber and the likes. In marxism, ie. in classic capitalism the capital owner extracts added value which is created by the labor appl…

This is economically illiterate gibberish.