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>Uber doesn't buy and own the car, which means it requires much less capital. I don't think this is true with one of the major things they have been selling in
by blang 8y ago
>Uber doesn't buy and own the car, which means it requires much less capital.
I don't think this is true with one of the major things they have been selling investors for years: self-driving cars. That certainly requires a lot of capital to pull off, and I think they plan is they would own those cars.
- projectramo 8y agoIf Uber pulls off self-driving cars, I would argue: 1. It is not the same business model it currently has 2. It has an even stronger claim to not being a traditional cab company, and for being a "true" technology company In that case they would have capital costs (perhaps even higher), but would eliminate labor costs.