The drivers of big tech’s growth are losing momentum

Re:The drivers of big tech’s growth are losing momentum by human20190310 on Thursday June 06, 2019 @12:08AM (#20111499)

Maybe. If Uber and Lyft both ride their excellent technologies down to penny-stock share prices, because even good technology just barely keeps companies in business, then anyone who expected to profit from their success might be disappointed.

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Re:The drivers of big tech’s growth are losing momentum by nonbel on Thursday June 06, 2019 @12:17AM (#20111544)

AFAIK, Netflix isn't "profitable" either. As long as people keep giving them loans they are fine.

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Re:The drivers of big tech’s growth are losing momentum by throwaway2048 on Thursday June 06, 2019 @12:54AM (#20111698)

There is a limited supply of stupid people with billions of dollars to throw away.

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Re:The drivers of big tech’s growth are losing momentum by nonbel on Thursday June 06, 2019 @01:21AM (#20111821)

We have no idea how many dollars are out there. There are rumors of multiple ~$20 trillions "gone missing" or "passed out".

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Re:The drivers of big tech’s growth are losing momentum by shwouchk on Thursday June 06, 2019 @02:07AM (#20112011)

What exactly are you talking about?

https://fred.stlouisfed.org/series/MABMM301USM189S

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Re:The drivers of big tech’s growth are losing momentum by nonbel on Thursday June 06, 2019 @07:18AM (#20113390)

http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-...

https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-go...

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Re:The drivers of big tech’s growth are losing momentum by freyr on Thursday June 06, 2019 @12:11AM (#20111511)

Allow me to present the world’s smallest violin.

We’ve forgotten what “good technology” means.

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Re:The drivers of big tech’s growth are losing momentum by bsder on Thursday June 06, 2019 @12:54AM (#20111695)

While I'm certainly no ridesharing apologist, Uber/Lyft have raised the bar significantly in terms of forcing drivers to do basic things that cabs simply failed to do in most places:

1) Actually freakin' show up.

2) Not take the lifetime of the universe showing up

3) Accept credit cards

4) Clean their car occasionally

I can go on ...

If Uber/Lyft completely flame out, I would not like to see these things go back to the way they used to be.

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Re:The drivers of big tech’s growth are losing momentum by freyr on Saturday June 08, 2019 @05:59PM (#20135442)

They're use products, I just wouldn't call them "technology."

The technology is everything that enables these apps (GPS, mobile chipsets, cellular technology, mobile OS, etc.).

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Re:The drivers of big tech’s growth are losing momentum by human20190310 on Thursday June 06, 2019 @12:15AM (#20111532)

Uber and Lyft both work pretty well from the customer's perspective.

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Re:The drivers of big tech’s growth are losing momentum by mamon on Thursday June 06, 2019 @12:45AM (#20111660)

But they work pretty bad from their shareholders perspective since they generate loss on every ride. Even if they avoid all the legal landmines, they still might have to shut down for the simple reason of running out of money (and shareholders running out of patience).

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Re:The drivers of big tech’s growth are losing momentum by ardy42 on Thursday June 06, 2019 @01:19AM (#20111812)

> they still might have to shut down for the simple reason of running out of money (and shareholders running out of patience).

My prediction is that Uber and Lyft will either themselves morph into something more like traditional cab companies, or their technology will be bought out of bankruptcy to build something similar. The world will run out of suckers who want to lose money subsidizing their rides and suckers who are willing to wear out their vehicles to drive for them.

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Re:The drivers of big tech’s growth are losing momentum by drstewart on Thursday June 06, 2019 @12:59AM (#20111721)

What does that have to do with "good technology" though?

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