OH! This explains why they're in so big a rush for self-driving cars that they can't even be bothered to stop at red lights...
Wasn't it clarified that the incident was caused by the driver and not the software?
Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
371–380 of 424 posts
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#372Earlier quoted context omitted.
Uber will long outlast Juno, Juno won't be able to finding funding long enough and will go under
As best I can see, Juno isn't trying to aggressively expand to multiple cities like Uber is. They don't need as much funding.
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#373Earlier quoted context omitted.
They still have the momentum. This isn't a start up trying to figure out how to make money (Twitter) or a company that can't/won't change (Blackberry). This is a company making money that is pursuing a blitzkrieg on the industry. They can sit back any day and rake in billions. I agree there isn't a high entry barrier, but I don't think they've lost the first-to-market advantage.
In my rather small city (~600k) there are already like 5 different uber-like options. And at least three of them were before the uber came. Dislcaimer: I've never used uber and I hope I never will. I dislike them as a company and that dislike grows over time.
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#374Uber will be a dead Unicorn in the medium future. They've got too many legal pressures, competitors with native advantages (i.e. the automakers), and their expansion plans have them overextended. Here in Edmonton, AB, Canada, regulatory changes have pushed the Uber prices to almost 2x during non-surge times over regular taxis. Taxi's have stepped up. Local competitors have sprouted. Carshares are abounding. It's all…
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#375Earlier quoted context omitted.
AFAIK, this is called "Dumping the market". And it should not be legal...
Took me 30 seconds on the FTC website to find it: https://www.ftc.gov/tips-advice/competition-guidance/guide-a... Can prices ever be "too low?" The short answer is yes, but not very often. Generally, low prices benefit consumers. Consumers are harmed only if below-cost pricing allows a dominant competitor to knock its rivals out of the market and then raise prices to above-market levels for a substantial time. A firm…
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#376Earlier quoted context omitted.
The very fact that you treat this state as a separate entity from the people is a problem. In a republic, the state is the citizenry. Hackers are part of the state and can influence the state and should work with the state. No one here is agitating for delegating all responsibilities to the state. The point is that private businesses should work with the state and seek to change and reform regulation when necessary,…
In a republic, the state is the citizenry. In theory. I think we're pretty far removed from that in reality.
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#377Earlier quoted context omitted.
One advantage Uber has over the app you mention is that it's in many (most) cities. You only need /one/ app and one place to go to get fulfillment. The network effect is not insubstantial.
Most people use Uber almost entirely in a single city. This is obviously not true for those who travel a lot, but for most people they only need a single app (whether or not it be Uber) for their home city. The real advantage Uber has is brand trust when taxis go back to their shady and anti-competitive business practices and the regulatory environment relaxes. The important question is if brand trust will be worth a…
They may not go where you want, they may not be available where you are, because you are not in the right part of the city.
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#378Earlier quoted context omitted.
Yes but you needed a different app for each taxi company. That's a terrible experience.
And guess what Uber and Lyft are? Two different taxi companies with two different apps. I'm not sure what you think has changed here?
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#379Earlier quoted context omitted.
Yes if you don't have $25 you really should walk or take a train. Not sure that is a big reason to pick or not pick it.
>you really should walk or take a train Truly reliable and useful public transit is a luxury in the United States that isn't available to a huge majority of the country. Walking also isn't an option for many people due to safety, health reasons, scheduling, childcare needs, and not to mention just too much stuff to carry.
Re: Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
#380Earlier quoted context omitted.
Yes if you don't have $25 you really should walk or take a train. Not sure that is a big reason to pick or not pick it.
Uber is a 2-3 times a month kind of thing; otherwise, I take the bus. More importantly, the $25 was completely unexpected.