Uber is dead and so is rideshare

[The Coochie Assassin]

So would cars with drivers, like every taxi company in the country. I wondering why does Uber who makes money off drivers and lets them own and worry about the car want to shift their model and own and maintain a whole nation wide fleet of cars. If they aren't doing well now, buy just having an app and taking 25% of the fare, how are they going to make it while having to own the cars themselves?

That's why it's not happening any time soon. It's gonna be just as expensive because they will have to hire a new workforce to maintain the fleet and deal with all the shyt that comes with that . This shyt ain't a CVS self check out kiosk, we are dealing with vehicles transporting people. You can't just buy a self driving car, put it on the road and forget about it lol.

 

[MikelArteta]

I only do Uber early sat and Sunday morning

don’t see how people drive like every day

 

[Mike Nasty]

You can't just buy a self driving car, put it on the road and forget about it lol.

and if you could why would it be exclusive to Uber, and not the cab companies that already own fleets.

 

[Maude]

uber is just yellow cab with a it department.

 

[Json]

Yeah they been testing it and companies are finally admitting they won't be here no time soon.

"According to the companies in charge of delivering this utopia, the technology behind it has always been just around the corner. In 2012, Google CEO Sergey Brin said autonomous vehicles would be a reality for “ordinary people” within five years. In 2016, Uber CEO Travis Kalanick promised to get rid of human drivers in four years’ time. In 2017, a BMW board member told a conference crowd that the company’s slogan, “The ultimate driving machine,” would be obsolete by 2020.

All of those predictions have now been extended far into the future. In April, Uber’s chief scientist admitted that self-driving taxis would take “a long time” and declined to make any further prediction. Officials from Nissan and Ford have said that the industry “overestimated” the timeline for developing autonomous technology. A 2018 Nature article by MIT scientists deflated the hype entirely, concluding that “some form of human intervention will always be required.”

Plus the amount of time it would actually take to get a mass amount of people to adopt the method.

Autonomous food delivery is way more likely. Like on college campus.

 

[KingJudah2]

Uber and Lyft are nowhere close to being dead. They are taking losses on the front end to make huge profits later, when they start rolling out driverless vehicles in a few years.

loollll

 

[Thanos]

they aint dead, they just fired 100k workers and now are hiring more workers.

 

[CASHAPP]

I still don't know how you lose money on an app where you don't do shyt and take 25% of each fare

Oversaturation especially with UberEats. Trump cut back H1B1 so the Indians been flooding rideshare and delivery positions with Uber like mad men

Uber sees more and more desperate people traveling for $2 so they keep pay low and don’t pay like they used to

That is basically it

 

[KingJudah2]

Like I said. I’m not getting into a driverless car. Muthafukkas cannot account for the x-factor on these streets.

They just had a article about the self driving car that killed that pedestrian, they never programmed them to spot jaywalkers

 

[CrimsonTider]

think about this though breh

as of right now, they are able to take whatever cut, while being able to pass on fuel costs and auto repairs/maintenance onto their workers. furthermore, they can save in terms of capex
despite all this, and their product being a web/mobile based one (meaning the margins should be even better)...the company isnt generating ANY cash out of its operations

it doesnt make sense

driverless cars = higher cut in terms of the ride fares. but also a higher costs with regards to fuel, repairs and maintenance.

the question then becomes, is fuel, yearly CAPEX and repairs and maintenance that much less than the average of lets say $20 an hour they pay uber drivers?

hmmmm...i guess it could be.

don’t forget insurance cost which is going to be extremely high at the start

 

[Frangala]

Over inflated valuations for companies that don't have a pathway to profitability. WeWork was just the latest fraud that was caught (initially valued at $47 BILLION reduced to a $8 billion valuation damn near over night and delayed its IPO) . Everybody is buying into this growth story over and over again but cannot tell why some companies have viable business models and can do what a company is supposed to do which is make money.

The goal for most of the early private investors in these companies is just to go public and have value of their ownership interest to increase. After that, they don't really care because they have exited their investments via the IPO.

 

[Ohene]

don’t forget insurance cost which is going to be extremely high at the start

indeeeed

so yea. management is fukkin something up. until they really demonstrate how the business can ever be profitable id stay away stock wise

 

[KingJudah2]

Over inflated valuations for companies that don't have a pathway to profitability. WeWork was just the latest fraud that was caught (initially valued at $47 BILLION reduced to a $8 billion valuation damn near over night and delayed its IPO) . Everybody is buying into this growth story over and over again but cannot tell why some companies have viable business models and can do what a company is supposed to do which is make money.

The goal for most of the early private investors in these companies is just to go public and have value of their ownership interest to increase. After that, they don't really care because they have exited their investments via the IPO.

These nikkas unloaded the IPO onto chupid retailers and ran. LMAO exit scam of the century

 

[KingJudah2]

Yellow Cab coming back? Lol

Yellow cab and cabs with booking apps. Once Uber out the way those can flourish easily

 

[Mr Hate Coffee]

Some of y’all don’t know shyt about business.

nikka really said rideshare is done.

have you stepped outside?