Uber is losing up to $200m every quarter on its driverless car business--to say nothing of their other losses:https://www.nytimes.com/2018/08/19/technology/uber-self-driving-cars.html …
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Uber's business model, from what I've heard, has been "get people hooked on cheap taxi-like travel while losing money, then switch to driverless cars so we can stop paying drivers and finally make money." What if there's a better way to run this business?
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Uber's initial advantage was being able to charge much less than conventional taxis for a comparable ride. The gap between their rates and taxi rates is pretty big, though, and there's room to charge a lot more than they do today while still being cheaper than old taxis...
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Replying to @freakpower_
can you elaborate a bit here
10:15 AM - 20 Aug 2018
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