Re:Uber imposes engineer hiring freeze as losses mount
by CamelCaseName on Friday August 09, 2019 @10:00PM
(#20659694)
I'm not sure why Uber wouldn't be successful. After all, taxis were a profitable enterprise for millennia.
Uber faces lower costs, and they have scale which allows them to have better targeted offers, surges, and advertising.
I noticed that they spent $3B in R&D last quarter. Presumably a lot of that is going into driverless vehicles. Exclude half of that cost, and exclude their one time IPO related costs, and they're profitable.
Uber faces lower costs, and they have scale which allows them to have better targeted offers, surges, and advertising.
I noticed that they spent $3B in R&D last quarter. Presumably a lot of that is going into driverless vehicles. Exclude half of that cost, and exclude their one time IPO related costs, and they're profitable.