Uber is doomed


#443

I also find it hard to believe most locals in Tahoe’s livelihood isn’t dependent on the tourists. It’s not like people who live there are working for other industries…it is a major tourist destination for bay area locals.


#444

I am against the ban. But I owned a house in Stateline and got sick of VRBO tenants. Plenty of houses on the Nevada side and 400 homes in the tourist corridor near the casinos. The Keys where I live will get the most hurt. Only 20% of homes occupied by locals. Most sit empty. VHRs add a lot to the economy. Locals will be begging for them to come back.

Tahoe is transitioning from a tourist community to a retirement community. Locals now want peace and quiet. All my rowdy friends in the 70s have become old and boring.


#445

Uber is doing great.


#446

#448

Had my second ride with Lyft yesterday. The driver apparently only drove Lyft and not Uber. I asked him why and he said a long time ago he used to drive both, but one time he gave a ride to some kids smoking in his car so he kicked them out and Uber decided to side with the smokers.


#449

#450

I wonder about lime. I see lots of bikes all over but rarely anyone riding one. Now they are getting onto cars too.


#451

I think it’s wrong.


#452

#453

#454

Uber Puts Its First Self-Driving Car Back on the Road Since Pedestrian Death

  • Uber cars will operate in autonomous mode in Pittsburgh

  • A pedestrian died in March when hit by Uber self-driving car

https://www.bloomberg.com/news/articles/2018-12-20/uber-puts-first-self-driving-car-back-on-the-road-since-death?srnd=premium


#455

The Cab Ride That Nearly Killed Me Changed How I Think About Ride-Hailing Apps

Singapore, like every big city, has been overrun with new car service apps. Is that a good thing?

https://www.bloomberg.com/news/features/2019-01-19/a-grab-ride-nearly-killed-me-ride-sharing-needs-to-get-safer?srnd=businessweek-v2


#456

#457

They know ride-hailing is never going to be profitable without autonomous driving. They are desperate for something else before everyone else figures it out. It’s basically groupon.


#458

Here’s the Uber Investor Letter That Forced Travis Kalanick Out

https://www.bloomberg.com/news/articles/2019-01-28/here-s-the-uber-investor-letter-that-forced-travis-kalanick-out?srnd=premium


#459

#460

They left out depreciation…Another $5k per year…The guy only nets $49k…


#461

@marcus335 , You gonna love this.

They only lose $1.8 billion in 2018.


#462

With that take rate, how they continue to lose money?


#463

Uh, opex, capex, and cheapskates using promo codes.