re: Saudi Arabia invests $3.5 billion in Uber. largest single investment ever made

quote:

---

None of this really makes any sense at all to me...

why would a country want to drop that kind of cash into a company that has no real assets? seems like the Saudis could find something better to drop cash into....

---

You have a company with literally no maintenance or overhead... (similar to AirBnB)

It's an app and instead of hiring employees and buying a fleet of cars for their service... they let anyone sign up with car and WORK for them. And Uber people just sit in their office and rake in the money.

Also Uber is researching and investing in self driving technology

I can imagine Uber starts as using your app to call a driver to you to come pick you up in their car...

In time you open your Uber app and an Uber self driving car in your area comes and picks you up

With this app and a bunch of corrals of Uber drones patrolling around nobody owns cars anymore... what would be the point?

And Uber is now worth billions and billions