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My thought on this is that the current Uber valuation is related very strongly to the idea of their future worth, which is currently quite optimistic due to the
by mcafeeryan92 11y ago
My thought on this is that the current Uber valuation is related very strongly to the idea of their future worth, which is currently quite optimistic due to their self-driving car research. Uber without having to pay drivers at all is still the end-goal for them, so it may just mean that they need more capital investment in the short-term and investors may be happy to do so.
- nemo44x 11y agoI don't believe self driving cars will be practical in the next 10 years. Not at the level Uber would benefit. I don't understand why self driving cars are good for Uber. Uber is successful right now due to he network effect of their drivers. Once self driving cars are a reality you will see numerous offers for this service with all of them racing to the bottom. Bigger fish like Apple and Google would be able to siege them and starve them out as pricing races to the bottom. Uber is valuable because of their drivers, not despite their drivers. In the age of self driving cars - Uber won't be able to compete.
- deckar01 11y agoThe data Uber is collecting from their app will be very valuable once they start using self driving cars. Google may have a lot more data coming in from Maps, but it is noisy and unfiltered. Uber has a geospatial history of every ride along with the metadata needed to make it truly useful.
- rodgerd 11y ago> Google may have a lot more data coming in from Maps, but it is noisy and unfiltered. Because if there's one thing we know about Google it's that they're terrible at slicing and dicing large volumes of data.