If you're at Uber, it would be great if you could add a comment too. I think you'd actually know. TC 135K
The tricky part is no one knows the future
Already discussed. [Blind] Can Uber shares bounce back? (Money) https://us.teamblind.com/s/Kn5L6AFF
This poll has a different opinion than the other
Honestly, now that the company is public, they should drop they're cab fare. I ditched their services awhile back.
Looking at the current leadership and their decision it looks difficult tbh
Too big to fail!
I think they said adjusted ebidta for rides is already positive but as long as Lyft remains a competitor they need to heavily discount to keep this going with gift cards, codes, carpool options etc. If there's a merger, it'd be the best case scenario and they'll become like Apple in terms of raking in cash but that's a long shot since the clueless politicians seem to have finally come to senses on antitrust. For UberEats to be profitable long term I think they need to run their own restaurants but the setup cost is going to be very high. Once running, operationally it'll be great for margins. One risk is that the customer base that typically orders UberEats will hate to order from a single brand everyday even if Uber makes a variety of food. Amazon is the master in these types of things. Develop one business and use it to fund the other. And repeat. All depends on the management.
Is Uber important in daily life all over the world? Yes. Is there a competitor which is doing better? No. Uber is going to stay
Uber can win if they get their edge back and can navigate the regulatory challenges. Human drivers are here to stay for the long term. L4 (Domain-restricted) autonomous vehicles are still 5-10 years away. Even then, human drivers will still be needed for coverage outside of the limited AV service areas. Furthermore, human drivers will still be needed to cover peak demand--the economics of maintaining a fleet of AVs needed for 100+% peak demand coverage don't make any sense for a period that only lasts 4-8 hours per day. Getting to L5 autonomy is decades away and will require some future technological breakthrough--no one is even close--Sorry Elon.
what edge did they have. spending vc money like crazy to buy their customer base?
Long term as in 10-20 years when autonomous driving is widely legalized and normalized yeah
why would self driving help? automation just driving cost which will drive down prices for consumers. margin profit will remain slim.
Who wins self driving, a company that spent all their IP in managing human drivers or a company that actually knows fleet logistics and, you know, has a fleet? And how the fuck does self driving work with Eats?