4 ms·
You somehow think Uber is going to continue subsidize taxi travel forever? Is that what all these investors are putting money into, of course not. The technolog
by gozo 11y ago
You somehow think Uber is going to continue subsidize taxi travel forever? Is that what all these investors are putting money into, of course not. The technological mertis of Uber does not take that much money. They might be working on self-driving cars, but so are several other startups and car companies. Just not as some lofty future goal, but as actual incremental improvements.
I think most peoples excitment over Uber is reactionary. Because they clearly aren't as excited about all the other companies that are now using similar technology without the poor ethics of Uber.
- pbreit 11y agoI don't like some of Uber's ethics but its execution overall has been exceptional. There is one impressive technical component around matching up riders along the same route. Otherwise, the Uber service is mostly just well-executed technology. But where Uber is way beyond others is operations, scale, marketing, etc. All worthy characteristics even if they don't resonate so much with a pure technical crowd. Also, on a gross basis, Uber's 20-25% take rate makes it wildly profitable.