Uber has been in business since 2009, has a current market cap of $43 billion…. But has NEVER been profitable.

[humminbird]

You kinda contradict your own argument.

On one had, IBM is a dinosaur. A relic from the past that would get washed if they had to got head to head with Apple or Microsoft.

But then you list ways they were able to reinvent their revenue streams to stay profitable. I mean that deserves some recognition no?

what they're doing right now is no different from a flunked-out student changing majors just to pass school

what I'm trying to say is their revenue streams aren't new ideas they're just seeing what works for other companies and trying to apply it to theirs which would be fine since every company does that but then they have to compete with the top players in that space and they lose.then they back out.
they won't beat AWS in hybrid cloud no chance. it's just another way of staying around for10 years while some investment fund adds the IBM stock into a 401k plan.

because it's only value to anyone right now is being a dividend stock

 

[the bossman]

@the bossman

never said they weren't overvalued or that they had a sound business model. Just that they provide a better transport product than what we had before with taxis

 

[the bossman]

UberEATs charges an astronomical fee (~30%) to its restaurants, so its actually harmed most small restaurants who operated on the old delivery model.

it's two-fold. UberEATs fees are atrocious for restaurant owners, but that app also helped tons of restaurants stay alive during the first year of the pandemic. It's just that that convenience came at a price. Key is to find the middle ground for where a restaurant owner can get that same exposure without getting price gouged.

And with regard to public service? If Uber went away, we would go back to using taxi's or drivers. If UberEats went away, we would just use regular delivery man as we did in the past. Uber did not really CREATE any new service, and should hardly be viewed as a utility.

the old delivery model and taxi model are not even close to drumming up the revenue that Uber does and taxi service definitely not producing the same level product of Uber/Lyft

 

[SadimirPutin]

Uber is banking on self driving cars being a thing....but no matter what lies pundits tell you...that shyt is not close to reality

 

[GatorStaceyAdams]

Uber is banking on self driving cars being a thing....but no matter what lies pundits tell you...that shyt is not close to reality

Absolutely.

Even the most optimistic engineer predicts we are still decades away from true implementation. Then you have to figure that the regulatory piece is going to take another decade or so to get comfortable allowing these cars to roam free. I very much doubt that Uber remains solvent until that time comes.

 

[GPBear]

Uber's a fukkin' scam breh, why're you paying someone else to drive other people in your own car?

 

[Ethnic Vagina Finder]

Absolutely.

Even the most optimistic engineer predicts we are still decades away from true implantation. Then you have to figure that the regulatory piece is going to take another decade or so to get comfortable allowing these cars to roam free. I very much doubt that Uber remains solvent until that time comes.

The only way self driving cars will work is if most of not all cars are self driving. And if every car drove itself….. there wouldn’t be a need for Uber in the first place.

Also, if every car were self driving can could communicate, traffic would be non existent.


Basically, you would have to rebuild the entire transportation infrastructure to the tune of trillions of dollars.

 

[OperationNumbNutts]

I guess it's a new way of doing business. Amazon claimed the same crap for years.

 

[Wildhundreds]

Yeah I need some receipts....what is their overhead to not be profitable?

They own not one car. Insure not one car. Everyone uses Uber. How are they're not profitable? If not, im sure they can turn that around over night.

 

[Vandelay]

The only way self driving cars will work is if most of not all cars are self driving. And if every car drove itself….. there wouldn’t be a need for Uber in the first place.

Also, if every car were self driving can could communicate, traffic would be non existent.


Basically, you would have to rebuild the entire transportation infrastructure to the tune of trillions of dollars.

I think you might get self driving cars on the highway, but once you enter a metro area it becomes a mess to program for; too much geographical change and environmental interaction...you can program to avoid accidents, but it wouldn't make for a pleasant ride experience.