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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by chx on Saturday August 18, 2018 @07:35PM (#17791508)
This is very small money to be invested to dismantle all the protections organized labor achieved in the last hundred plus years. I must congratulate the investors. Maybe it didn't start that way but certainly now this is now what it is.
Re:Uber reportedly lost $891M in the second quarter of 2018 ... by jahaja on Saturday August 18, 2018 @10:01PM (#17792111)
Unfortunately this is true. I think this is a textbook example of where conflating interests are able to effectively push through regressive ideas without some dark room conspiracy.

It's actually quite brilliant: An innovative looking Silicon Valley startup that provides a concrete lifestyle improvement for the upper middle-class under a thin veil of inevitable technological progress.

1. Seems innovative, progressive, and aligned with currents of the time.

2. Got influential supporters through concrete life-style improvements for them.

3. Got a cover story that carries an unspoken threat of being a technophobe.

Not to mention the blatant euphemism "the sharing economy".

An example of where 2. becomes extra visible is when ex-employees of Uber rightfully criticizes the toxic leadership that's spread throughout the company, but is at the same time seemingly oblivious to the fact that Uber's business model is fundamentally reactionary for the working class and that this has been called out, albeit without an audience, for a long time.

Re:Uber reportedly lost $891M in the second quarter of 2018 ... by quickben on Saturday August 18, 2018 @10:31PM (#17792215)
Interesting.

So, did they succeed? Are cabbies dismantled now?

If the vcs stop pumping bil/year, will Uber exist?

I don't care about Uber or the Taxi industry, I am trying to point out that better replaces existing, and so far, that hasn't happened in the case of Uber.

Except for the entire planet getting some free rides, that part is awesome.

Re:Uber reportedly lost $891M in the second quarter of 2018 ... by londons_explore on Sunday August 19, 2018 @03:44PM (#17795841)
If VC's stop pumping money, Uber might not exist, but I highly doubt the 'ridesharing market' is going away.
Re:Uber reportedly lost $891M in the second quarter of 2018 ... by joejerryronnie on Saturday August 18, 2018 @11:10PM (#17792347)
Yes, we really should be thanking the VC firms (or really the pension and endowment funds which act as LPs) for all the nearly-free rides.