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SoftBank Vision funds post record $39B annual loss

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Re: SoftBank Vision funds post record $39B annual loss

#91
post #6

It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.

Come on man seriously. I KNOW you know what "loss" means in this context. Please stop

Loss for some is gain for others. SBV could be a charity disguised as a predatory trust fund.

Re: SoftBank Vision funds post record $39B annual loss

#92
post #74
post #49

Earlier quoted context omitted.

Not OP but it is often the case around London, UK. Half price isn't an exaggeration! Better cars usually too.

When I was in London a few weeks ago the taxi prices were 2-3x the uber prices. Also they'd tell you to fuck off if they didn't want to take you to that location.

I used to love riding taxis because the drivers had such great personalities. I remember when a Jamaican guy in NYC told me all about the OTHER drug users driving around. He didn't have to worry about the rating system, so he was free to share all the dirt. It was a much better time. I wish more cab drivers and uber could tell me to fuck off.

Re: SoftBank Vision funds post record $39B annual loss

#93

Earlier quoted context omitted.

I know what you mean by "bet the farm" but let's remember that he won't ever go hungry or be homeless.

Easy to do when you only have to bet other people's farms.

They will be buying the farm at this rate

Re: SoftBank Vision funds post record $39B annual loss

#94

Their massive early investment in Uber distorted their reality and they expected ride sharing to be incredibly successful in other markets when it's not even successful in the USA - it's a fraud that pays below minimum wage off the backs of people who cannot do math. It has never made money anywhere ... ARM has had a laziness problem ever since the Apple A1 chip - there's a reason why nobody uses their 6-yr old layou…

I’ve asked my Uber and Lyft drivers over the years about how they feel about their work. They seem generally ok because it’s pretty flexible when they work and many people are doing it for supplemental income. I’ve yet to hear someone complain. I’m fact many of them, in nyc at least, are former taxi drivers that were being exploited mercilessly by the medallion holder. While Uber might be exploiting them just as hard…

There might be a selection bias there: the ones doing uber are the ones it works for. I only use taxis and several times I've had drivers who've been uber drivers and gone (back) to taxi for various reasons.

Of course that's got a selection bias in it too...

Re: SoftBank Vision funds post record $39B annual loss

#95
post #71
post #60

Earlier quoted context omitted.

Sadly, taxis were never both until Uber. Even in Manhattan, getting a taxi at 2am was a crap shoot. I can an Uber in the suburbs at 2am anywhere in the country. That’s neat.

> Even in Manhattan, getting a taxi at 2am was a crap shoot. I can an Uber in the suburbs at 2am anywhere in the country. You certainly can call an uber, yes. Whether they come through or whether they find a suitable reason to cancel on you... that's a crapshoot.

It's just plain bad faith not to acknowledge that the scenario you describe was 10x more likely to happen with taxis.

Re: SoftBank Vision funds post record $39B annual loss

#97

Their massive early investment in Uber distorted their reality and they expected ride sharing to be incredibly successful in other markets when it's not even successful in the USA - it's a fraud that pays below minimum wage off the backs of people who cannot do math. It has never made money anywhere ... ARM has had a laziness problem ever since the Apple A1 chip - there's a reason why nobody uses their 6-yr old layou…

where is this whole below minimum wage thing coming from?

Everytime, I take an Uber or Lyft and calculate the hourly earnings of the uber driver minus vehicle miles, uber's take, and x2 the time needed (for the return trip), I come up with 15$-20$ an hour or so.

Re: SoftBank Vision funds post record $39B annual loss

#98
post #42

Their massive early investment in Uber distorted their reality and they expected ride sharing to be incredibly successful in other markets when it's not even successful in the USA - it's a fraud that pays below minimum wage off the backs of people who cannot do math. It has never made money anywhere ... ARM has had a laziness problem ever since the Apple A1 chip - there's a reason why nobody uses their 6-yr old layou…

Ironically the one good thing the rideshades did was to get taxis to install credit card readers. Taxis are often half the price of an Uber these days.

> Ironically the one good thing the rideshades did was to get taxis to install credit card readers. Taxis are often half the price of an Uber these days.

And they made taxi summoning apps better and more commonplace. They basically dragged taxis into the 21st century, which was pretty much never happening without some actual competition.

Re: SoftBank Vision funds post record $39B annual loss

#99
post #74
post #49

Earlier quoted context omitted.

Not OP but it is often the case around London, UK. Half price isn't an exaggeration! Better cars usually too.

When I was in London a few weeks ago the taxi prices were 2-3x the uber prices. Also they'd tell you to fuck off if they didn't want to take you to that location.

Did you ask to go South of The River?

Re: SoftBank Vision funds post record $39B annual loss

#100
post #74
post #49

Earlier quoted context omitted.

Not OP but it is often the case around London, UK. Half price isn't an exaggeration! Better cars usually too.

When I was in London a few weeks ago the taxi prices were 2-3x the uber prices. Also they'd tell you to fuck off if they didn't want to take you to that location.

Taxis are generally far more expensive than Ubers, and they don't quote up front, and they try and trick you with extra charges, and you can only summon them with an app because of Uber forcing them to engage in competition.
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