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Uber is not over valued. They are about to re-define, the transportation and logistics of the whole world. Of course they are lot of rough edges and they are fa
by sremani 12y ago
Uber is not over valued. They are about to re-define, the transportation and logistics of the whole world. Of course they are lot of rough edges and they are facing bureaucratic walls and demonstrated some old Microsoft style Evil Empire style tactics, the company reeks of Domination mentality and they have enough traction. Where Lyft et al. try cultural things to attract, Uber is an efficiency monster. Their coverage is bigger and better in terms of both Areas of the Cities (esp. DFW) and platforms (including Windows Phone). There is lot of potential increasing the taxi market share as well as expanding into other markets/services like delivery etc and/or making fleet arrangements with Cities or Companies. of course the futuristic self-driving cars and de-coupling transportation from car ownership is a vision Uber rightly fits into.
If I can buy Stock, I will bet my House on Uber.
- washedup 12y agoUber will be in a great spot if they are thinking about integrating the technology with self-driving cars. That's how the landscape will most likely look in 5-10 years. Uber + Car Sharing + Driverless cars.
- mark-r 12y agoI think your time line for driverless cars is unrealistically short. It will be a very long time before we trust the technology enough to allow a car where there's no driver to take over in an unanticipated event.
- CPLX 12y agoAnd even longer still before it's economically more rational to do so, versus paying one of the many low skilled workers handling the job now.
- minthd 12y agoThere was a study that used Google's self driving car costs, and claimed that cost per mile is much cheaper than taxi's.
- rhino369 12y agoIf we had cheap self driving cars, it would be immediately economical. Those cheap low skilled workers are still taking 80% of the revenue.
- dougabug 12y agoThe Uber drivers are paying for the cost of the car, gas, maintenance, parking/garage, most of the insurance, etc. plus supplying the labor, while Uber takes probably around 80% of the profit. Getting rid of the driver means that Uber would have to spend ~$50B to put a million self driving cars on the road, which would immediately start depreciating. Plus it will need thousands of well situated facilities necessary to garage, maintain, and dispatch them.
- CPLX 12y agoYes and if we had an immovable object it would be immovable.
- nerfhammer 12y agoIt's going to be a while before these cars will be able to handle snow or ice
- washedup 12y agoYeah, I agree with you. 10 years does not seem long enough!
- venomsnake 12y ago> They are about to re-define, the transportation and logistics of the whole world. Uber seem to be having hard time gaining traction in Europe. And their value so far is an app and ignoring regulation and medallion scarcity in US. They are one case away of complete disaster if a court declares their partners as employees ...