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Your whole comment is a perfect demonstration of what I'm saying. My point is not that Uber has no problems, but rather that people are blowing things out of pr
by sebastos 10y ago
Your whole comment is a perfect demonstration of what I'm saying. My point is not that Uber has no problems, but rather that people are blowing things out of proportion because they've taken an emotional dislike for the company. So people see what they want to see.
For instance, you see 3 billion in losses. In 2015 Q4, Uber generated $560M in net revenue. In 2016 Q1, $960M. Q2: $1100M. Q3: $1320M, and Q4: $1584M. I see massive growth, and massive expenditures into R&D which could be halted with relative ease if solvency becomes a problem.
You see the self-driving program as a boondoggle, and you see 6 blown red lights in 1 week as just a taste of nonfunctional technology that would have only caused more and more damage the more time it was allowed to be on the road. I see people trying to solve a difficult technical problem, and having some issues in an initial run-up test.
You see a company whose executives routinely berate their own Uber drivers. I see one dashcam video where the CEO has a human debate with one of his drivers, which has been extrapolated into a portrait of "the type of person this Kalanick guy really is".
I'm _not_ saying that they don't have their problems, or that it's impossible Uber is going to run into financial or regulatory trouble. But this sky-is-falling talk is not for me.
- ThomPete 10y agoI am pretty concerned about the pricing and subsidizing of said prizing. Its unsustainable for the drivers and uber in the long run.
- searealist 10y agoHow is $1584M net revenue in Q4 subsidizing rides?
- cmahler7 10y agobecause Uber subsidizes 59% of the cost for passengers with VC money. http://www.bizjournals.com/sanfrancisco/news/2016/12/02/uber-losses.html http://www.bizjournals.com/sanfrancisco/news/2016/12/02/uber...
- searealist 10y agoNet revenue is what Uber makes after paying the drivers. IOW, any losses Uber has accrued in that quarter is based upon costs outside of the rides themselves.
- ThomPete 10y agoYou are missing the point. The subsidizing is the problem. If there is no subsidizing that cost have to be paid by the passengers which makes it a much more expensive service.
- ricardobeat 10y agoDo you have a source for "massive R&D spending which could be halted"? I was under the impression their losses come from massive operating/marketing expenses, which cannot be cut without harming the business.