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I remember for years people on HN said Uber would never work as a profitable business because it spent a lot of VC money earlier on without having enough revenu
by dmix 2y ago
I remember for years people on HN said Uber would never work as a profitable business because it spent a lot of VC money earlier on without having enough revenue to cover it all. It's been around for 16yrs now despite running in the black until 2023.
- DesaiAshu 2y agouber is like a fine wine. it will appreciate and pay dividends until it bursts when waymo et. al. take over the streets in 20 years
- dmix 2y agoWaymo has ~1000 cars. Uber has 8 million drivers. Worst case Uber will be acquired or merger or make a deal with one of the many AI driving startups. I predict Waymo will have their own struggles with profitability. Last I heard the LIDAR kit they put on cars costs more than the car. So they'll have to mass produce + maintain some fancy electronics on a million+ cars.
- realityfactchex 2y agoFYI: s/running in the black/running in the red/ [0] https://languagesystems.edu/history-of-idioms-to-be-in-black-and-to/ https://languagesystems.edu/history-of-idioms-to-be-in-black...
- dartos 2y agoDo you remember when people also thought rabbit would be a revolutionary AI device?