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So Uber is throwing in $6.2B in ATG equity plus $400M in cash and getting $2.6B in Aurora equity? Sounds like a massively down round.
Yeah this looks terrible for $UBER. Why did you write this as ATG equity? Wouldn't it still be their class A/B shares? Or is it structured as a separate entity?
what happens to Uber now when Waymo releases self-driving taxi? Will they lose all competitive advantage?
Uber's competitive advantage now is their mindshare, app experience, and subsidized pricing. With or without self driving doesn't really change that.
First we have tesla which already has a self driving car. They were the first to build one and now everyone is playing catch up, or are they?
Waymo has been building something for a really long time too but I have no idea how close they are to an actual product.
Now there is this new company that gets a bunch of money to build something.
It feels to me like the self driving car market will go to the first player who can make a self driving car -- which is tesla.
Or maybe no one is close to making a really good self driving car yet, and even if they did, they would have to convince people like me that I can sleep at the wheel while surrounded by massholes.
Wasn't Uber's whole money losing strategy based on the vision that one day they'll use their self-driving cars to get the driving done for cheaper?
Uber don't need to invent self-driving themselves so long as whoever does invent self-driving cars sells them on the free market. Uber has a strong brand and loyal customers, and they could make out like bandits even if they have to buy the tech from someone else. Their real problem is if some other company perfects self-driving cars and doesn't sell them. Perhaps Uber have decided that's unlikely, either because no…
Earlier quoted context omitted.
No, that was never the strategy, no matter how many times people on HN claimed it was. Both Uber and Lyft are aiming for profitability next year with human drivers. (Disclaimer, I work for Lyft but this has been said in public many, many times by both companies.)
That might not be their internal strategy, but that's pretty much the investment thesis of every Uber bull buying their stock at $100 billion market cap.
Wasn't Uber's whole money losing strategy based on the vision that one day they'll use their self-driving cars to get the driving done for cheaper?
Uber don't need to invent self-driving themselves so long as whoever does invent self-driving cars sells them on the free market. Uber has a strong brand and loyal customers, and they could make out like bandits even if they have to buy the tech from someone else. Their real problem is if some other company perfects self-driving cars and doesn't sell them. Perhaps Uber have decided that's unlikely, either because no…
Earlier quoted context omitted.
Within Uber, it was categorized as a "big bet", as opposed to a core vertical, like ride share/eats. Having now shed new mobility, elevate and now SDV, It looks like Dara is really set on focusing on the core verticals now.
Elevate is also gone ? Didnt read about that
Wasn't Uber's whole money losing strategy based on the vision that one day they'll use their self-driving cars to get the driving done for cheaper?
No, that was never the strategy, no matter how many times people on HN claimed it was. Both Uber and Lyft are aiming for profitability next year with human drivers. (Disclaimer, I work for Lyft but this has been said in public many, many times by both companies.)
Genuinely wondering - - How a 600 person company will determine who among the 1200 at ATG gets acquihired? - How will the Uber employee unvested stocks get paid out (or not) in an almost no cash deal?
Do you mean Uber ATG employees? Were they getting stock packages for ATG or for Uber?