End of the line for Uber?

Re:End of the line for Uber? by bloodyplonker22 on Tuesday August 10, 2021 @05:07PM (#28134549)

Yes, profitable, but Uber's valuation would tank if they were just scraping by on this kind of revenue with no hopes of automated driving or other things in the future to increase margins.

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Re:End of the line for Uber? by neonate on Tuesday August 10, 2021 @05:16PM (#28134684)

OK, in that case the answer is "Uber can be profitable". Probably true that their valuation would be lower but that's not the argument I hear people making.

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Re:End of the line for Uber? by bloodyplonker22 on Tuesday August 10, 2021 @07:05PM (#28135919)

What happened to WeWork is almost exactly the hypothetical scenario that you are describing for Uber.

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Re:End of the line for Uber? by jacobr1 on Thursday August 12, 2021 @11:05AM (#28157236)

Uber doesn't have the same risk profile. When demand drops for wework, they are still on the hook for longer term leases. When demand drops for uber, drivers eat the loss of fewer transactions. As long as they can keep their overhead in check (and this certainly isn't clear) then they should be be able to have an operationally viable business.

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Re:End of the line for Uber? by morpheos137 on Thursday August 12, 2021 @06:56PM (#28162697)

There is no hope of price competitive automated driving. It is ludicrous.

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