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Uber does not need the amount of money it raises because of vehicle automation. That's a relatively tiny portion of their spend.
by kak9 10y ago
Uber does not need the amount of money it raises because of vehicle automation. That's a relatively tiny portion of their spend.
- chejazi 10y agoWhere is the bulk of their spend? Hiring? Lobbying local jurisdictions?
- TeMPOraL 10y agoI would imagine the latter. Conducting an illegal business in the open must be expensive.
- CN7R 10y agoSubsidies for drivers as Uber attempts to expand market shares overseas and maintain dominance over domestic competitors: https://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016 https://www.bloomberg.com/news/articles/2016-08-25/uber-lose... Honestly, the China gamble Uber had earlier this year shows me that they're spreading themselves too thin.