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re: Uber opens its books to bloomberg
Posted on 4/17/17 at 3:01 pm to Hawkeye95
Posted on 4/17/17 at 3:01 pm to Hawkeye95
quote:
But its still a warning flashing warning sign that something is amiss
I think it's still a long game with investors seeing a fleet of self driving cars as the ultimate destination. I mean it's an onbscene amount of cash burn even for a unicorn, but I think the belief is if self driving cars take off they are going to be swimming in profits.
Posted on 4/17/17 at 3:29 pm to barry
quote:
I think it's still a long game with investors seeing a fleet of self driving cars as the ultimate destination. I mean it's an onbscene amount of cash burn even for a unicorn, but I think the belief is if self driving cars take off they are going to be swimming in profits.
There prospects look great IMHO. the thing is any ownership is going to be extremely watered down if they keep burning through the cash. Or they are going to have a very heavy debt load.
Someone is going to get rich that is for sure, the question is who will that be.
Posted on 4/17/17 at 4:07 pm to barry
quote:
I think it's still a long game with investors seeing a fleet of self driving cars as the ultimate destination. I mean it's an onbscene amount of cash burn even for a unicorn, but I think the belief is if self driving cars take off they are going to be swimming in profits.
Someone help me out here. I feel like once self-driving cars become available - it will practically crush the pay for a ride service industry like Uber. A large % of their clientele have to be drinkers who need a DD or people living in huge cities who don't feel like dealing with the traffic- both of which could conceivably buy and use their own self driving cars instead.
Sure it would take some time before the public all made the switch to self-driving cars, but once it happened - Uber is left relying on only those who can't afford the self driving cars. Maybe the cars will be super expensive, but once the tech is there- surely there will be copycat manufacturers offering affordable varieties? Just seems like even by banking on the self-driving car, it's a self-destructing timebomb waiting to happen for them unless they shift to dealing cars?
What am I missing? How does a fleet of self-driving service cars make money if people can buy their own self drivers?
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