Uber's Still Not Profitable
pluralistic.net
Uber's Still Not Profitable
1–10 of 105 posts
Re: Uber's Still Not Profitable
#2Two words: gig economy. Or put another way: shite.
Re: Uber's Still Not Profitable
#3Shouldn't at least several people go to prison for this kind of thing? If my personal accounts were 'works of absolute fiction' I certainly would, what gives?
Re: Uber's Still Not Profitable
#4I think they were really betting on autonomous driving, fueled by Elon Musks lies and hype. They built up the digital infrastructure and so much clout their company name & product became a verb on the level of googling.
But now taxi-level 100% autonomous no-driving-wheel cars are farther away than ever. The current broad generation of machine learning and sensors reached its maximum and it‘s looking bleak.
Re: Uber's Still Not Profitable
#5Shouldn't at least several people go to prison for this kind of thing? If my personal accounts were 'works of absolute fiction' I certainly would, what gives?
A company only needs to be able to claim that they really believed someones fair market value estimation of a company and they are good.
Re: Uber's Still Not Profitable
#6To be fair they are not going away soon, perhaps in a decade the initial investors will make $100 from it.
Re: Uber's Still Not Profitable
#7I think they were really betting on autonomous driving, fueled by Elon Musks lies and hype. They built up the digital infrastructure and so much clout their company name & product became a verb on the level of googling. But now taxi-level 100% autonomous no-driving-wheel cars are farther away than ever. The current broad generation of machine learning and sensors reached its maximum and it‘s looking bleak.
I don't know if Elon Musk's nonsense was involved - they had their own autonomous driving project in-house didn't they?
Re: Uber's Still Not Profitable
#8I think they were really betting on autonomous driving, fueled by Elon Musks lies and hype. They built up the digital infrastructure and so much clout their company name & product became a verb on the level of googling. But now taxi-level 100% autonomous no-driving-wheel cars are farther away than ever. The current broad generation of machine learning and sensors reached its maximum and it‘s looking bleak.
I don't know if Elon Musk's nonsense was involved - they had their own autonomous driving project in-house didn't they?
Have you forgetton the whole Google lawsuit against Uber? Anthony Levandowski. Uber’s self driving project is still no where near production ready.
Re: Uber's Still Not Profitable
#9I think they were really betting on autonomous driving, fueled by Elon Musks lies and hype. They built up the digital infrastructure and so much clout their company name & product became a verb on the level of googling. But now taxi-level 100% autonomous no-driving-wheel cars are farther away than ever. The current broad generation of machine learning and sensors reached its maximum and it‘s looking bleak.
I don't know if Elon Musk's nonsense was involved - they had their own autonomous driving project in-house didn't they?
Yes, they quite famously killed a person
Re: Uber's Still Not Profitable
#10i am not siding with Uber but to claim that they are going to fail is a bit of hyperbole . the value proposition is quite simple for both drivers and passengers . for drivers you would make more income by driving more consistently , for passengers you get a cab instead of shouting like a cave-person on the street. It is true that there is an element of bezzle with money pumping and dumping over the last few years . They can be profitable as a much smaller company.