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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by ebikelaw on Saturday August 18, 2018 @07:51PM (#17791587)
They can't just jettison the self-driving unit because that torpedos their long-time valuation strategy. Of course, their car doesn't work so they will eventually have to shut it down. That leaves them in the same place I've always said that Uber would end up: a radically smaller company retrenched in existing, profitable markets. Softbank will take a bath and the smart money already exited.
Re:Uber reportedly lost $891M in the second quarter of 2018 ... by xkcd-sucks on Saturday August 18, 2018 @08:16PM (#17791685)
Its fundamentally a logistics company, why does the valuation depend on uber not buying self driving cars from a third party?