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Uber is just a scam to launder saudi blood money through softbank. There is zero chance that human driven cars will go away. And self-driving cars cannot drive
by superkuh 6y ago
Uber is just a scam to launder saudi blood money through softbank. There is zero chance that human driven cars will go away. And self-driving cars cannot drive on roads with human drivers. Uber is in the later stages of the scam now and have "sold" (actually, they gave 400 million USD to the company they "sold" the division too) their self driving setup. They've admitted the only business model that would make them profitable is impossible. It's over. They're just trying to take the money and run now.
That their "app" is large is irrelevant to the scam.
- viscanti 6y agoAccording to their public investor reports, they've been EBIDTA profitable on Rides for years. They're also profitable in more rationalized Eats markets (markets where there aren't other VC funded companies burning hundreds of millions of dollars on subsidies). What do they need self driving for?
- superkuh 6y agoTo still be profitable after they stop breaking local laws and regulation catches up with them. https://horanaviation.com/publications-uber https://horanaviation.com/publications-uber
- ohiovr 6y agoNot exactly: https://finance.yahoo.com/quote/UBER/financials?p=UBER https://finance.yahoo.com/quote/UBER/financials?p=UBER It is weird that something as exploitative as Uber can't even stay in business in the long term. Eventually profit does matter and the weak stocks will be culled in the next panic. Uber will be one of them.