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Re:Uber's Still Not Profitable by incrudible on Sunday August 07, 2022 @04:58AM (#32375012)
The idea is that Uber will develop a self-driving car that will ultimately offset its loss leader, much like Amazon and AWS.
Re:Uber's Still Not Profitable by semiquaver on Sunday August 07, 2022 @05:10AM (#32375064)
That was the idea once; They gave up on that part, their self driving car division has been shuttered and they don’t plan to replace it. From the article:

  >  Uber's bag of tricks is nearing its bottom. Its fantasy of magic, self-driving robo-taxis is over (the company spent $2.5b to make a car that had a fatal crash every 0.25 miles, and then had to pay another company $400m to take the division off its hands):

  > https://pluralistic.net/2020/12/08/required-reading/#goober
Re:Uber's Still Not Profitable by bigDinosaur on Sunday August 07, 2022 @05:30AM (#32375109)
Huh. A piece of news perhaps many missed due to other events overshadowing it completely? I had no idea.
Re:Uber's Still Not Profitable by preommr on Sunday August 07, 2022 @05:41AM (#32375158)
2.5b seems like a drop in the bucket for what would essentialy revolutionize the world of transportation.
Re:Uber's Still Not Profitable by antisthenes on Monday August 08, 2022 @10:10PM (#32393521)
Not when competitors are achieving better results with less. The first to full vehicle autonomy will reap the majority of the rewards and market share.

Also, we'll never really know the exact numbers and how much of it went to actual R&D and miles-driven testing.

Re:Uber's Still Not Profitable by xuki on Sunday August 07, 2022 @05:18AM (#32375089)
Now this has been proven a pipe dream, I really don't understand the current valuation of Uber.