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Re:Uber sells self-driving unit in deal that will push Auror... by asdff on Monday December 07, 2020 @05:18PM (#25338454)
So whats the big plan to lower overhead on rides? I looked up their last quarter and it was billions lost yet again. This doesn't seem sustainable, just shoveling money into the furnace quarter after quarter like that.
Re:Uber sells self-driving unit in deal that will push Auror... by somethoughts on Monday December 07, 2020 @06:36PM (#25339290)
The big plan is a war of attrition to capture a monopoly/duopoly status for taxi services within a given country. Acquire all competing taxi companies or price them out of business.Once that is done, raise prices. If competition arises, lower prices again until they go away. In some senses, its just like Amazon.
Re:Uber sells self-driving unit in deal that will push Auror... by asdff on Monday December 07, 2020 @07:55PM (#25340080)
How long can they afford to fight it? It's not hard to spool up a rideshare competitor per say. When they pulled out of Austin several other rideshare companies popped up in their wake. If prices got exorbitantly high for the average user, I wouldn't be surprised if a company came in undercutting uber.
Re:Uber sells self-driving unit in deal that will push Auror... by somethoughts on Wednesday December 09, 2020 @04:45PM (#25365650)
Agreed - its "an" investment strategy, not necessarily the best one. And if you have Softbank's backing - maybe a valid one? Kinda works/worked for Walmart/Amazon.
Re:Uber sells self-driving unit in deal that will push Auror... by paxys on Monday December 07, 2020 @06:36PM (#25339296)
Selling or shutting underperforming divisions (like ATG, air taxi), reduced competition in the space as players consolidate, higher prices, cutting expansion/marketing costs.
Re:Uber sells self-driving unit in deal that will push Auror... by AnimalMuppet on Monday December 07, 2020 @05:48PM (#25338792)
They can sustain it as long as investors are willing to shovel money into Uber... and no longer.
Re:Uber sells self-driving unit in deal that will push Auror... by alejohausner on Monday December 07, 2020 @05:28PM (#25338580)
Uber's true mission is a charitable effort by SV capitalists to subsidize the cost of taxi rides. Of course they're not meant to make money. How silly to think so!
Re:Uber sells self-driving unit in deal that will push Auror... by astrange on Monday December 07, 2020 @10:58PM (#25341582)
It’s actually charity by SoftBank and Saudi Arabia at this point, but yes, this is what it actually seems to be.

Amazon is also an investor charity to give us all one day shipping since the investors show no sign of wanting profit margins above 1%.