2019 will be interesting...
2019 will be interesting...
- @suckerborg sounds like you are trying to insult me but it isn’t clear. You should learn about business before pretending to know something. Uber can imidiatly make a profit any day.. but cutting off -investment- and taking a profit means the business growth will dramatically slow down and will allow other companies that are willing to invest in the future(otherwise known as taking a loss) will be able to grow faster and capture the future market. Think about what is the purpose in investors putting money into a company. It isn’t so the money can sit in a bank account. It is there to be spent for future growth. This is investing.Dec 9, 2018 4
- Uber / Eng Weeet“Uber had 69% of the U.S. market, while Lyft had 28% as of October, according to Second Measure, which tracks credit-card spending data.”
Lyft said they have 35% market share in the US and CAN though.
- Confidential? 😂
Now they’re following lyft. They filed their paper work earlier this week.
- Wow this is already posted in about 20 subreddits, Lyft news spread a lot more slowly. Big dog coming through, woof 😎🐶
- Fuck!! I had Uber and FB offer and I went with FB 3 years ago. Fucking regret it
- All I can say is that 100 billion for Uber is highly over valued . They are gona crash big time.
- That’s what they said about FB when it was worth 50 billion pre-ipo. It’s market car today is nearly 400 billion despite the drop.
What’s more intriguing is cash flow. Can it sustain its operations net positive at current ride-share rates. Most of the “experts” say it’s not possible.
- Facebook and social networks have ‘first to market’ advantage. Unlike Uber or other ride hailing services where customers always will look out for other ride hailing services which are cheaper than the current ones. Customers are less sticky to something like Uber compared to FacebookDec 9, 2018 0
- Booz Allen Hamilton / R&D WillGoMarsmoreAmazon/Google can start ride sharing company and can kill these two puppies.
No Drivers No Business.
No Riders No business.
Waymo can replace drivers with driverless cars.
No Drivers No Problem
No Riders No Business
- It’s so irony, the folks who actually put their sweat and blood are not going to be rich incase of IPO success with all the odds. My Uber driver yesterday said he lives close to Yosemite and go back home every four days, sleeps in car. Seriously? They are the one for the Uber/Lyft to succeed and they will be much poorer since these companies are trying to get rid of them. Unlike other IPOs, the rich employees will become more fat with Drivers’ sweat and blood. https://www.forbes.com/sites/eriksherman/2018/12/08/uber-and-lyft-ipos-will-make-many-people-rich-but-not-the-drivers/amp/ . It’s NOT fair! Wait a minute, and majority of Lyft/Uber employees travel by public transportation to work ... Because they know their own ride services are fucking expensive and not convenient.. Hipocrites :)
- New nYsJ38moreUber has not generated even $1 in profit.... they are banking on staying around until they can fully depend on autonomous technologies to finally get rid of those pesky human operators... if Uber can’t continue to artificially sustain its inflated value, be prepared for a surprise collapse, or at best, a surprise acquisition by logically Amazon, which would immediately seek to activate the operating fleet for delivery purposes in addition to transportation services.... give it 2 years and we will see this play out soon enough.
- Being non profitable and losing billions, no tangible assets, Waymo’s competition with self driving cars, nearing recession, already subsidized trips, struggling self driving units, incredible cash burnout - with all these it takes at least 10 months for employees to cash out RSUs with 40% tax and a lot can happen in between. Good luck to them ... However, leadership folks are real gainers irrespective of above factors as they can cash out immediately