Uber is doomed

https://finance.yahoo.com/news/uber-stopping-self-driving-car-165300364.html

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wow, that’s big and will have impact not just for Uber but the entire self-driving industry as a whole. Expect debates on ethical dilemmas, which self-driving tech is better etc.

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https://www.sfchronicle.com/business/technology/article/Uber-to-up-its-background-checks-for-drivers-12828064.php

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Uber will soon release another half a billion cash to employees and early investors. Going to be great for San Francisco real estate :house_with_garden:. Buy now if you could!!!

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Buffett Proposed $3 Billion Uber Investment But Deal Crumbled

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WB is now tech-savvy?
Tell him to invest in Didi Chuxing.

problem to me is the business model… depreciating asset with the depreciation borne by car owners & pay not supporting the deficit.

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at some point this will happen with tesla drivers too.

“Tesla driver was streaming youtube cat videos just before it hit the…”

God, I hate these share ride drivers… they think they own the road by double parking on a busy thoroughfare or simply crawl along waiting for a ride.

I don’t do much interviewing anymore but if I do and see that someone mentions doing a stint as an Uber or Lyft driver, let’s just say that is a wrap…

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RIP little girl…

Uber narrows 2Q Loss!!!

They’re still losing almost $1B/qtr.

Q2:
$2.8B net revenue
$0.89B loss

Prior Year:
$1.7B net revenue
$1.06B loss

$1.1B additional revenue and the loss only decreased by $0.17B.

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