Uber lost more than $800 million in third quarter 2016

[CashmereThoughts]

Never used uber.
I just call a regular taxi. Always have. Never had a problem.

uber is way more convenient, tells you what the price is going to be before you order, lets you split fares with your friends or take advantage of pool pricing.

 

[Ms. Elaine]

Someone actually built a solution to that but nobody cares about women so.

'Chariot for Women' is a female-only Uber that could get shut down before it takes off

Well that's kinda discriminatory so...

 

[Circle p]

im not stepping into a fukkin self driving uber either

I don't think most people would. I'm almost certain that they'll lose riders if they completely go that route.

 

[FSP]

I don't think most people would. I'm almost certain that they'll lose riders if they completely go that route.

5 years ago I woulda said the same thing about letting random people give me rides. I wouldn't mind. Driverless cars will become more safe the more that are on the road. Trusting a random human isn't really any better, at least with a taxi driver you knew they had to pass qualifications..

 

[the cac mamba]

I wouldn't mind. Driverless cars will become more safe the more that are on the road

something about a driverless car is just to me



some shyt where the car GPS's you off a fukkin bridge or somethin

 

[FSP]

Well that's kinda discriminatory so...

It's ironic because the person who made it was a guy

 

[Remote]

uber is way more convenient, tells you what the price is going to be before you order, lets you split fares with your friends or take advantage of pool pricing.

Cabs where I live charge $5 anywhere in town.


If I was hanging around in the city I'd just take the subway anyway.

Uber probably makes more sense in cities with shytty public transit. Like Los Angeles. Or all of Florida. Lol.

 

[CodeBlaMeVi]

Technology is improving rapidly, the Google test cars got into accidents mostly because of how shytty human drivers are in comparison, people just running into their test cars.





I wouldn't say Uber drivers are paid shytty, the average Uber driver makes $20 an hour, the problem is Uber doesn't pay for gas/insurance. They will bite the bullet on the front end and make the money back on the back end, driverless cars will be more efficient and wont have hours they can't work. I'd imagine they will initially replace the full time Uber drivers first, mainly because those are the people making the most money for them and getting paid the most.




They have drivers right now for testing purposes.

The technology is a few years away, Cali will no doubt allow them in the future.

There will always be a market for human drivers.

 

[Ms. Elaine]

Cabs where I live charge $5 anywhere in town.


If I was hanging around in the city I'd just take the subway anyway.

Uber probably makes more sense in cities with shytty public transit. Like Los Angeles. Or all of Florida. Lol.

I have a hard time believing you live in New York.

 

[levitate]

@Big Boss

 

[Ol’Otis]

I'll make a guess and say that they are sacrificing short term profits for long term market domination. Knowing a little about their biz model I would say that the money is being burned on the following:

1) expansion
2) offices/real estate
3) employee compensation
4) driver insurance
5) driver incentives
6) subsidizing rides (when they give free rides they have to pay drivers out of pocket)
7) legal/regulatory fees
8) lobbying fees
9) marketing
10) driver sign-up bonuses

There are probably over 200,000 uber drivers around the world. Those incentives add up. Eventually they will raise fares, but only after they have completely crushed the competition.

7 and 8 for sure
lobbying will hurt a company's pockets
a lot countries don't want uber in there shyt

 

[FSP]

something about a driverless car is just to me



some shyt where the car GPS's you off a fukkin bridge or somethin

Yeah we in that early tech phase still. People are going to be sacrificed in order to make it the system more robust and safer as a whole.

I'm thinking the transportation network is going to be interconnected like computers are through the internet now. So every car knows where every other car on the road is and crowdsources data so that you know where traffic is jammed at miles ahead of you and stuff like that. The cars will probably pull from some sort of central GPS system that's maintained 24/7 so that it won't screw up unless it screws up for everybody

The only thing that would suck is hacking

 

[Ol’Otis]

Amazon, Google and Apple

the GOAT corporations

ruthless ass capitalist especially Amazon

 

[ignorethis]

Came here to say what nikkas already posted, they taking this loss holding out for driverless cars, once those come through they gonna begin predatory pricing and crush all their competitors.

 

[Ghost Utmost]

Breh, I have a job, I'm in school and I drive for uber. Personally, I've never drawn welfare checks or anything of the sort, but I understand the need for these programs. In no way am I advocating not working. This isn't some new idea, it's been talked about for a long time, people are just finally seeing its benefits. I'm not looking at this as an avenue in which people can explore their passions and be content with the one life we have to live, though that should be motivation enough. This is beneficial in so many other ways even for the fiscally conservative crew.

With all the info posted you can read into and see it's not some hippie welfare, save the world nonsense. Technology WILL cause people to lose jobs and corporations don't care about your wellbeing. When the masses can't find gainful employment more people will file for benefits.

We had a good run, but something needs to change. We have all this new tech and innovation yet we're still working with economic systems that haven't changed.

Also, @ uber partnering with Volvo. Those cars are expensive as hell especially if they're trying to implement it en masse. Don't understand why they wouldn't go the Tata route or Kia, ford something like that. I'm sure these companies can find just as good of talent to work on this project.

Tell me simply.

I'd prefer one sentence.

Where does the money come from to pay EVERYONE for not working?