SoftBank said to be trying to buy a big stake in Uber at a discount

Re:SoftBank said to be trying to buy a big stake in Uber at ... by snacktaster on Monday November 27, 2017 @09:23PM (#15793741)

good riddance to these companies.

Uber and Lyft have caused NYC traffic to slow by 12% since 2015 [0]. These private companies have flooded the public roadways and overwhelmed the infrastructure without any obligation to meter themselves or pay for their fair share of access. I finally understand what the NYC Taxi Commission existed for.

[0] https://www.timeout.com/newyork/blog/traffic-is-moving-12-pe...

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Re:SoftBank said to be trying to buy a big stake in Uber at ... by 2chen on Tuesday November 28, 2017 @02:50AM (#15795245)

First of all, you're missing the point of the article. Softbank is increasing its stake in Uber, which can only be a good thing, even if it's a markdown from its last preferred round.

Second of all, you bandy around private like it's a bad thing. The reason why these companies are successful is because they pioneered a much more better solution than the alternatives. Take, for example the public service Access-a-Ride [1]. This is the kind of "quality" you get without competition and innovation.

[1]: https://longreads.com/2017/09/01/on-nycs-paratransit-fightin...

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Re:SoftBank said to be trying to buy a big stake in Uber at ... by malandrew on Tuesday November 28, 2017 @02:58PM (#15800830)

> pay for their fair share of access

There is something called fuel taxes.

Plus in NY state, I believe all TNC drivers are licensed and pay business taxes as well (which is why it's why TNCs are more expensive in NY than other places).

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