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).
[ Parent
| on HN ]
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?