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Uber does seem to reinvent everything for itself - I’d be curious what their ops engineering spend is. I’ve not fully understood how they can lose so much mone

Uber does seem to reinvent everything for itself - I’d be curious what their ops engineering spend is. I’ve not fully understood how they can lose so much money given their fee per ride is so much higher than most apps would dream of for revenue

bdcravens 6y ago
Uber spends a ton on side-projects that may one day bear fruit (driverless cars, trucking, etc) and stock-based compensation is a huge expense. I suspect their engineering expense for their core services is a small part of their losses.
- thefounder 6y ago
  Self driving(that you can trust) always seamed a like a fantasy. Last time I heard they sold that business unit/project.
  - rorykoehler 6y ago
    Wouldn't want to miss that boat if it comes though. I think we'll have level 5 self driving for at least all purpose built roads within the next few years. I can't reconcile what Tesla have already released with not having self driving go mainstream soon. I suspect self-driving will never have a eureka moment either and will just slowly creep into existence.
- karlding 6y ago
  Uber confirmed the sale of their self-driving unit (Uber ATG) to Aurora [0] a few weeks ago, and not everyone was absorbed into the company as part of the sale. So they're definitely cutting down on these "side-projects" to focus on the core parts of their business now that they have an obligation to shareholders. [0] https://techcrunch.com/2020/12/07/uber-sells-self-driving-unit-uber-atg-in-deal-that-will-push-auroras-valuation-to-10b/ https://techcrunch.com/2020/12/07/uber-sells-self-driving-un...