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Uber goes into reverse as first day stock price disappoints

theguardian.com

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Re: Uber goes into reverse as first day stock price disappoints

#11

Post by Morialkar »

tetrisgm wrote: post #2

It's going to be a wild ride. While (*most) people seem to like using Uber, headlines about how the unit economics don't work, how drivers can't make a living, how their working conditions aren't tenable keep popping up. How does Uber intend to address this? In addition, I have questions about the service's ability to grow significant multipliers. It really feels like they've reached the majority of their markets thr…

I think they hope to boost their value by going into the self-driving cars/cabs business, how much that will work if up in the air though...

Re: Uber goes into reverse as first day stock price disappoints

#12

Post by behringer »

tetrisgm wrote: post #2

It's going to be a wild ride. While (*most) people seem to like using Uber, headlines about how the unit economics don't work, how drivers can't make a living, how their working conditions aren't tenable keep popping up. How does Uber intend to address this? In addition, I have questions about the service's ability to grow significant multipliers. It really feels like they've reached the majority of their markets thr…

You're investing in driverless cars at this point.

Re: Uber goes into reverse as first day stock price disappoints

#13

Post by mtgx »

Morialkar wrote: post #11
tetrisgm wrote: post #2

It's going to be a wild ride. While (*most) people seem to like using Uber, headlines about how the unit economics don't work, how drivers can't make a living, how their working conditions aren't tenable keep popping up. How does Uber intend to address this? In addition, I have questions about the service's ability to grow significant multipliers. It really feels like they've reached the majority of their markets thr…

I think they hope to boost their value by going into the self-driving cars/cabs business, how much that will work if up in the air though...

Full self-driving cars will be unproven/limited to certain very specific areas for a while. And Uber will have to deal with the liability from accidents, too, plus the media storms (and they have enough of those already).

Re: Uber goes into reverse as first day stock price disappoints

#14

Post by inflatableDodo »

ProAm wrote: post #8
tetrisgm wrote: post #2

It's going to be a wild ride. While (*most) people seem to like using Uber, headlines about how the unit economics don't work, how drivers can't make a living, how their working conditions aren't tenable keep popping up. How does Uber intend to address this? In addition, I have questions about the service's ability to grow significant multipliers. It really feels like they've reached the majority of their markets thr…

OR how about the super questionable culture of the company and its executives and leadership? Those are such red flags by themselves... This is a horrid company with a horrible past that wouldn't die because of VC money.

I had a funny discussion about Uber with my uncle. I said I refuse to use it because they are a shitty company who are only cheap because they are using investor money to subsidise the rides on the plan of forcing the other players out of the market. His answer was that the barriers to entry on private car hire are so low that if Uber are doing this as their plan and I dislike them, I should use them as much as possible, as then they will collapse quicker.

Re: Uber goes into reverse as first day stock price disappoints

#15

Post by eridius »

inflatableDodo wrote: post #14
ProAm wrote: post #8

Earlier quoted context omitted.

OR how about the super questionable culture of the company and its executives and leadership? Those are such red flags by themselves... This is a horrid company with a horrible past that wouldn't die because of VC money.

I had a funny discussion about Uber with my uncle. I said I refuse to use it because they are a shitty company who are only cheap because they are using investor money to subsidise the rides on the plan of forcing the other players out of the market. His answer was that the barriers to entry on private car hire are so low that if Uber are doing this as their plan and I dislike them, I should use them as much as possi…

Doing exactly what Uber wants isn't how you kill them. They're subsidizing the rides right now, but if everybody followed your uncle's advice, Uber would very quickly "win" the rideshare wars, establish their long-sought-after monopoly, and raise prices.

Re: Uber goes into reverse as first day stock price disappoints

#16

Post by toomuchtodo »

eridius wrote: post #15
inflatableDodo wrote: post #14

Earlier quoted context omitted.

I had a funny discussion about Uber with my uncle. I said I refuse to use it because they are a shitty company who are only cheap because they are using investor money to subsidise the rides on the plan of forcing the other players out of the market. His answer was that the barriers to entry on private car hire are so low that if Uber are doing this as their plan and I dislike them, I should use them as much as possi…

Doing exactly what Uber wants isn't how you kill them. They're subsidizing the rides right now, but if everybody followed your uncle's advice, Uber would very quickly "win" the rideshare wars, establish their long-sought-after monopoly, and raise prices.

Better to support legislation that pushes the minimum wage up for rideshare and taxi drivers in top markets (see: Lyft $17/hr minimum in NYC). Faster death than trying to bleed Uber and Lyft dry through rides (which could take forever depending on investor taste for losses), and full self driving won't arrive anytime soon. Ride the populism wave.

Re: Uber goes into reverse as first day stock price disappoints

#17

Post by inflatableDodo »

eridius wrote: post #15
inflatableDodo wrote: post #14

Earlier quoted context omitted.

I had a funny discussion about Uber with my uncle. I said I refuse to use it because they are a shitty company who are only cheap because they are using investor money to subsidise the rides on the plan of forcing the other players out of the market. His answer was that the barriers to entry on private car hire are so low that if Uber are doing this as their plan and I dislike them, I should use them as much as possi…

Doing exactly what Uber wants isn't how you kill them. They're subsidizing the rides right now, but if everybody followed your uncle's advice, Uber would very quickly "win" the rideshare wars, establish their long-sought-after monopoly, and raise prices.

His point is that this plan of Uber's is crap in his opinion as you can't actually win the ridesharing wars and establish a monopoly in hire cars.

Re: Uber goes into reverse as first day stock price disappoints

#18

Post by inflatableDodo »

toomuchtodo wrote: post #16
eridius wrote: post #15

Earlier quoted context omitted.

Doing exactly what Uber wants isn't how you kill them. They're subsidizing the rides right now, but if everybody followed your uncle's advice, Uber would very quickly "win" the rideshare wars, establish their long-sought-after monopoly, and raise prices.

Better to support legislation that pushes the minimum wage up for rideshare and taxi drivers in top markets (see: Lyft $17/hr minimum in NYC). Faster death than trying to bleed Uber and Lyft dry through rides (which could take forever depending on investor taste for losses), and full self driving won't arrive anytime soon. Ride the populism wave.

>which could take forever depending on investor taste for losses

If the existing investors had much more of a taste for losses, why the IPO?

Re: Uber goes into reverse as first day stock price disappoints

#19

Post by toomuchtodo »

inflatableDodo wrote: post #18
toomuchtodo wrote: post #16

Earlier quoted context omitted.

Better to support legislation that pushes the minimum wage up for rideshare and taxi drivers in top markets (see: Lyft $17/hr minimum in NYC). Faster death than trying to bleed Uber and Lyft dry through rides (which could take forever depending on investor taste for losses), and full self driving won't arrive anytime soon. Ride the populism wave.

>which could take forever depending on investor taste for losses If the existing investors had much more of a taste for losses, why the IPO?

Stupid retail money. Greater fool theory.

Re: Uber goes into reverse as first day stock price disappoints

#20

Post by munk-a »

behringer wrote: post #12
tetrisgm wrote: post #2

It's going to be a wild ride. While (*most) people seem to like using Uber, headlines about how the unit economics don't work, how drivers can't make a living, how their working conditions aren't tenable keep popping up. How does Uber intend to address this? In addition, I have questions about the service's ability to grow significant multipliers. It really feels like they've reached the majority of their markets thr…

You're investing in driverless cars at this point.

But not in one of the companies that appears to be well poised to win first entrance into the market. I think it's likely a dark horse will end up being first to market - but I think google will be there pretty soon after - uber's probably going to end up retrofitting any hardware they've developed with the winner's software as a way to scrounge back some of the R&D costs.
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