Re:Uber, losing billions, freezes engineering hires
by toomuchtodo on Saturday August 10, 2019 @10:07PM
(#20665760)
Half of people get rides, the other half don’t, as happens with taxis today. It’s unreasonable to assume the physical world has the elasticity of technology resources.
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Re:Uber, losing billions, freezes engineering hires
by leesalminen on Saturday August 10, 2019 @10:12PM
(#20665780)
That’s a competitive advantage over taxis, then. It’s one of several reasons I choose uber over yellow cabs when in NYC (9 times out of 10, anyway).
Re:Uber, losing billions, freezes engineering hires
by toomuchtodo on Saturday August 10, 2019 @10:15PM
(#20665793)
Up until Uber exhausts cash on hand. And then you’ll be back to using taxis or public transit, no?
A competitive advantage has no value without a path to profitability.
Re:Uber, losing billions, freezes engineering hires
by dodobirdlord on Sunday August 11, 2019 @12:49AM
(#20666299)
> Up until Uber exhausts cash on hand.
Uber's rideshare business appears to be almost revenue-neutral. So if you're waiting for Uber to run out of cash, you'll be waiting a while. Worst case scenario, they stop pouring money into their money-losing ventures and focus on rideshare.
Re:Uber, losing billions, freezes engineering hires
by TheSpiceIsLife on Sunday August 11, 2019 @04:34AM
(#20667085)
Perhaps human mobility solutions should be run as non-profit.
Re:Uber, losing billions, freezes engineering hires
by chillacy on Saturday August 10, 2019 @11:06PM
(#20665965)
So are you going to start this business now or wait until Uber folds?
Re:Uber, losing billions, freezes engineering hires
by toomuchtodo on Saturday August 10, 2019 @11:11PM
(#20665989)
Start what business? Have taxis gone out of business? Or did they adopt their own ridehailing apps and continue to exist? I still see cabs everywhere in NYC, Chicago, and SF.
If you can’t kill taxis with tens of billions of dollars of VC investment, how does the last bit of cash Uber has help?
Re:Uber, losing billions, freezes engineering hires
by kurtisc on Sunday August 11, 2019 @09:25AM
(#20668070)
This seems based on the assertion that people are only using Uber because it's cheaper which, as far as I can tell, is completely unfounded.
Re:Uber, losing billions, freezes engineering hires
by jacquesm on Sunday August 11, 2019 @05:10AM
(#20667213)
> A competitive advantage has no value without a path to profitability.
It's a real pity that there is no 'HN Quotes' section, I'd definitely nominate this one.
Re:Uber, losing billions, freezes engineering hires
by listenallyall on Saturday August 10, 2019 @10:11PM
(#20665775)
That's a pretty terrible solution. Leaving good, willing-to-pay customers out in the rain? Not really customer-service oriented, are we?
Re:Uber, losing billions, freezes engineering hires
by toomuchtodo on Saturday August 10, 2019 @10:12PM
(#20665781)
Customer obsession is worker abuse veiled as clever business practices.
Workers > Customers > Shareholders (this is Costco’s stated priority by the way; they do very well and treat their employees well)
Re:Uber, losing billions, freezes engineering hires
by listenallyall on Saturday August 10, 2019 @10:54PM
(#20665924)
Try to get Costco to show up at your house 7 minutes from now.
Re:Uber, losing billions, freezes engineering hires
by konschubert on Sunday August 11, 2019 @04:56AM
(#20667169)
That’s the point
Re:Uber, losing billions, freezes engineering hires
by elliekelly on Saturday August 10, 2019 @10:48PM
(#20665900)
There could still be “surge” pricing though, as long as the company paid the employee-drivers overtime. So perhaps drivers who are “off” could be incentivized to drive during the additional demand.