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A comment on Uber Posts $5.2B Loss and Slowest Ever Growth Rate. Parent comment

Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by jacquesm on Thursday August 08, 2019 @05:33PM (#20649033)
> They spent $457m last year on autonomous and flying cars with $0 in revenue from those projects.

I sincerely hope they weren't expecting any revenue from those for the next decade or two. Anything else would be delusional.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by semi-extrinsic on Thursday August 08, 2019 @05:44PM (#20649137)
I think both Uber, Lyft and (to some extent) Tesla have been working on autonomous cars because it's not an immediately implausible way for them to turn profitable.

I personally agree it's a multi-decade (if ever) thing, but if Uber et al. claim they'll have it in 2 years, without facts on the table it boils down to who the investors believe in.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by icedchai on Thursday August 08, 2019 @06:30PM (#20649560)
Even if autonomous cars were 99.99% reliable tomorrow, it would take a decade to get through regulators. Maybe longer.
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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by xenospn on Thursday August 08, 2019 @09:02PM (#20650458)
Can they sustain 5B losses for a decade? Can any investor?
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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by KptMarchewa on Friday August 09, 2019 @06:49AM (#20653077)
Softbank can.
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