Uber Posts $5.2B Loss and Slowest Ever Growth Rate

Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by cheriot on Thursday August 08, 2019 @05:09PM (#20648809)

I hope they don't actually think that. Autonomous vehicles will turn a two sided market into a one sided market. Just think about all the companies working on self driving cars that don't currently compete with Uber. As soon as they succeed, they'll build an app, buy thousands of cars, and cut the per ride price to nothing.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by olalonde on Thursday August 08, 2019 @09:56PM (#20650710)

Edit: misread comment. What I meant was that even with autonomous cars, there will probably be a huge market leader (but it won't necessarily be Uber).

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by cheriot on Thursday August 08, 2019 @10:13PM (#20650790)

It doesn't take dozens. GM, Tesla, and Google are already making the expensive part of the investment (developing ai cars in the first place). Will Uber make more money with one competitor or four?

I mean, is there a chance these three companies develope autonomous vehicles and decide NOT to compete in ride sharing?

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by trca on Thursday August 08, 2019 @10:28PM (#20650866)

Well we already know Tesla (RoboTaxi) and Google (Waymo One) are entering the ride sharing market (Waymo One is currently live), not sure about GM's ambitions.

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