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It strikes me as analagous to Amazon. Several years beyond its IPO it did not turn a profit, as all revenue was used toward growth. These companies still grow a
by linkregister 8y ago
It strikes me as analagous to Amazon. Several years beyond its IPO it did not turn a profit, as all revenue was used toward growth. These companies still grow above 30% per year. Losses are narrowing, not increasing.
That said, I doubt that self-driving technology will be their AWS (the way that Amazon ended up being profitable). Self-driving technology is incremental as it is dependent on extensive, expensive mapping.
- jonathankoren 8y agoNo. Amazon didn’t turn a profit, but the way to make the company profitable was obvious. Amazon is a mail order catalog. There are multiple examples of ver profitable mail order catalog businesses for literally a hundred years when Amazon started. There are no examples of the working rideshare buisness anywhere in the world. It’s very strange, given that cabs are well understood. It’s even more surprising that rideshare companies are promising profitability on autonomous vehicles that don’t exist, and won’t exist anytime soon.
- linkregister 8y agoNo ride sharing company is claiming that it will be profitable once self-driving tech occurs. They all claim that the platforms themselves will be profitable.