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by swingbridge
3472 days ago
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Perhaps, but we are still a long way off from fully self driving cars actually giving rides to replace taxis at scale. It's not clear how Uber gets from here to there without continuing to lose many billions per year... at which point the whole self driving car thing will be largely a commodity that others could easily run themselves. Right now Uber is really just proving that if you burn billions and billions you can create a "market" for your "product." It has yet to show that it's a real company with long term prospects. There's a difference between losing money because you haven't hit scale (when Facebook was losing money in the early years) and losing money because you're at scale and just undercutting everyone to show you can make "revenue" or by investing in "innovation" that everyone and their brother is doing and doing it better than Uber. |
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