/biz/ - Business & Finance

>>16950371
>hot questions from 2013
did you honestly just step out of a time machine?

>>16950395
Not really. I am just very confused by reading 50 articles from wall street reporters that call it a money losing taxi company, and one article that proposes they will revolutionize the transport of everything.

>>16950421
It's a money-losing taxi company, those other articles are for boomers to buy the stock of a company that has never turned a profit

>>16950421
its really the perfect example of: if you get enough users you can continue to get funding almost indefinitely.
see the hard thing in biz is getting customers to pay you for anything...so if some unicorn comes around and gets ppl to use its service (even if it loses money) retards will continue throwing money into hoping eventually it will pay off....this is all because bezos did it now every one wants to repeat it.

>>16950449
Okay I have read that opinion a lot. When you take into account that their rides business is turning a profit, and all their money is going into reinvesting in the business why do you think that they will continue to lose money over the long term?

From reading articles there is one camp that seems to be coming from swing trading (weeks to months) saying they will be a terrible investment. Then there are others saying they will be the next Amazon or Tesla, jump on now while you have a chance.

>>16950475
So hypothetically, right? Say drones for delivery take off. This is way more probable than self driving cars in the next decade, right? You will need technology to direct the swarm to maximize profits. If one drone could have done a trip more effectively than a selected drone actually did the trip then that was money left on the table. Would it not make sense that a company that has spent 10 years teaching an AI how to efficiently match drivers and riders would flourish in that environment?

Bump. Come on, I want more opinion.

>>16950371
If you’re asking as an investor, it’s going to fail long term unless they are on the front lines of self-driving car tech. A partnership with Google would also make it a great investment. If asking as a potential driver. Don’t do it for a full time income. It’s fucking impossible.

>>16950533
IF closest available
THEN dojob

>muh ai

Fucked an alcoholic Uber driver. Her pussy stunk in a bad way. I assume it's from sitting all day in her car driving around. What kind of low life would volunteer their car to transport even lower life's? Ever heard of scabies? Lice?

im interested in this company because it has a lot of funding and tech development for flying cars. their taxi business is trash and the "AI" cars are trash. flying taxis are the future but it's still too early to invest in that. maybe in 5-10 years

>>16950371
What is UBER?

>>16950371
You better invest before they hit $100 soon. They will be the next Tesla. Mark my words, anon. I have 13k where my mouth is.

>>16952080
Dat id almost ended in UB3R

>>16951502
>ping an uber
>pic shows super cutie with makeup, earrings, nice hair
>woman shows up with huge shades, ballcap, sweats on
false advertising

They managed to destroy the taxi medallion rackets. I truly feel sorry for the pajeets who paid hundreds of thousands of dollars for those fucking things.

>>16952111
I truly feel kek, they are doing gods work by that metric

They are more an AI company than anything else.

>>16950371
I work for ubereats, they recently sold their shares or something to an indian company. They don't function efficiently enough to make money and they take money from riders (fees) to pay their software developers?
Very weird company.

Uber is much closer to profitability than any of you guys imagine. Ride sharing is profitable but not the other ventures. They sold their Uber eats stake in India to a competitor for 10% stake of that company. Now as that company grows, Uber is making passive income now

>>16950421
>reading 50 articles from wall street reporters

Retard you should be reading financial statements and judging by yourself not by stupid "journalists" opinions

Uber is americas wellfare office, exploiting people with no place to go.

>>16950371
Uber is establishing itself by draining boomer pension funds as well as the money of any other sucker that buys the stock. They will become extremely profitable with a monopoly grip on the market but only once they bankrupt themselves, making all regular shares worthless and putting the company into the hands of a small group of Jews.

>>16950371
There was a glorious time when they undercut taxis prices and were legit worth it. Now the prices are so garbage and more or less identical to that of catching a cab. Probably gonna die off as they keep gouging prices

>Build app that lets any Pajeet make money and is easier to use for customers
>Expand globally and acquire millions of customers
>Become first choice of hired transportation due to ease of use
>Invest in automated car technology
We are here
>Buy automated vehicles in a few select markets
>Continue to test and dev automated technologies
>Allow Pajeet owners to buy or lease your automated cars so they can run 24/7, passing the risk and maintenance to them
>Lower fares because you know exactly where the break even is for Pajeet owners
>Profit
>When Pajeet owners fold, all the bugs have been worked out so own automated cars now
>More profit

>>16955790
Once cars are automated Uber has no advantage. Right now their network effect is valuable because they are the schelling point where drivers and customers meet. Without drivers that coordination problem no longer exists. Tesla will solve self driving first and Uber will be fucked.

>>16950421
try reading this article, not endorsing it as fact but maybe it can answer more of your questions

https://www.linkedin.com/pulse/world-has-gone-mad-system-broken-ray-dalio

>>16956554
Tesla is not a bit different to uber. Only alive due to subsidies and further money-throwing boomers and zoomers.

>Tesla and solving lvl 5 of self driving cars.
Oh anon...you know nothing.

>>16952111
i took a ride in a taxi once in my life

~$46 yikes, i thought i wasn't even gonna be able to pay for the ride

>>16956584
No chance in the world that Uber does self driving before Tesla and it doesn't matter how Tesla got here because they're not going anywhere now. They're in the black now, more than can be said for Uber.