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Old 31st March 2017, 11:02   #16
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Default Re: USA: Uber suspends self-driving car fleet after crash. UPDATE: Resumed

Quote:
Originally Posted by amitoj View Post
.............
And speaking of Uber, I have doubts about the longevity of the company itself. Most of its rides are subsidized by venture capital funding
The True Cost of Your Uber Ride Is Much Higher Than You Think
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Not to mention the recent bad press, even though it was fleeting.
Well, Amazon was in a similar situation not so long back no? This particular business anyway will be very tough to replicate globally by any competitor, once Uber starts charging more. They are out of red in many countries already, and even the fares back home have gone up substantially.

Add to it the wealth of rider information already obtained by them, and the company looks more robust than what might appear from the surface. Besides, such high valuation has to have some logic behind it.
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