Uber is doomed


#362

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


#363

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.


#364

#365

#366

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!!!


#367

#368

Buffett Proposed $3 Billion Uber Investment But Deal Crumbled


#369

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


#370

#371

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


#372

#373

at some point this will happen with tesla drivers too.

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


#374

#375

#376

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…


#377

#378

RIP little girl…


#379

#380

Uber narrows 2Q Loss!!!


#381

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.