If they stopped bleeding money everywhere they are trying to operate illegally, they'd be a money-printing machine.Besides those figures are not pure operating costs. I'm sure there are many Uber operational costs that will disappear if Uber is viable.
1. Lobbyists for Legislation
2. Bail for European Uber Execs
3. Driving Subsidies for Moonlighting Miami Dolphin players doing Uber PR
4. Overtime Pay for Uber Area Mgrs on UPFN in off hours
5. Attorneys, Fines & Impound Charges
chi1cabby what am I missing?
Uh have you seen what they're doing to Uber in France lately?If those kind of losses are true and investors are still investing tons of cash then it would seem evident that Uber and investors see the potential. Seems to me they are willing to operate at a loss because they are just perfecting the system and figuring out all the bugs by using people as their drivers, all the while looking to the future of unmanned vehicles. They know that once the system is in place and mastered that adding the unmanned vehicles will integrated relatively easily. Without paying drivers that company would be RIDICULOUSLY profitable. They have already announced this intention and are probably just counting the days.
Right but you mean when GUber rolls out after Google buys Uber!Yes i have. And that's kind of what I'm saying. They know they need to spend the money now to get the system in place and respected and properly governed in as many places as possible because when the unmanned vehicles do roll out it be that much more profitable depending on how many places have it.
seems to me they will do whatever it takes to invest for the future of the company, which i believe to be automated delivery of any thing you can think of.
Ahhhh an optimist!They wouldn't be very smart to sell to anyone with the potential that they have. They could easily be way bigger then Google in 5 years or so
If it's worth doing, others will think it's worth copying!You guys have to remember one thing, Uber is an app that has a market to itself at the moment.
This market will not be theirs alone for long. Everyone and their grandmothers will jump in.
Barriers to entry will be low, the regulations set and people will be more comfortable with not owning their car.
Google, Apple, Tesla, Auto manufacturers, insurance companies, investors, taxi companies, cities and counties, even airlines will jump in and fracture this market into smaller pieces.
Uber could just build up a market that will be whittled away by others.
Not really.Uber could just build up a market that will be whittled away by others.