Uber losses

Epping

Epping

Striker
Contributor
Expected to announce losses of 5 billion dollars for the last quarter.

At what point do investors stop pumping dosh in.

Still has a market worth of 68 billion..
 


Usually opt for ViaVan if I can get one because they tend to be cheaper, but they only operate in Zones 1 and 2.

There's another new taxi app come out recently called Kapten and they're offering 70% off your first three trips and a tenner credit for every new customer you refer.
 
Hep said:
Once driverless cars come, they will make billions. It’s all about getting market share ready for that.
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That's where their eggs are certainly.

But can they hold out he 5 or 10 years losing 10-20 billion a year..

Takes a long time to recoup that amount of money
 
Wilfy said:
I’ve used Uber in Sunderland like.
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Aw well. I've tried a few times but never had any joy. It let me price up the journey and that then said no cars available. Been a while since I tried like.
Epping said:
That's where their eggs are certainly.

But can they hold out he 5 or 10 years losing 10-20 billion a year..

Takes a long time to recoup that amount of money
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Aren't the drivers owner drivers as well? Going to be some outlay to replace those with driverless vehicles which aren't going to be cheap tech anytime soon.
 
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MackneyHackem said:
Usually opt for ViaVan if I can get one because they tend to be cheaper, but they only operate in Zones 1 and 2.

There's another new taxi app come out recently called Kapten and they're offering 70% off your first three trips and a tenner credit for every new customer you refer.
Click to expand...
ViaVan part owned by Mercedes-Benz. 😎

Operates in MK too if you’re ever there.
 
All about the future value I suppose.

If they succeed in introducing self-driving cars and cut out the middle-men drivers, the dosh will roll in - in theory 😂
 
Tried to get one once in Sunderland and nothing showed up. Got an Uber back to Sunderland from Newcastle absolutely no bother on a couple of occasions.
 
Lose billions and still be regarded as a success, even become POTUS.............never ever get my head around capitalism.
MackneyHackem said:
Tried to get one once in Sunderland and nothing showed up. Got an Uber back to Sunderland from Newcastle absolutely no bother on a couple of occasions.
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Yay for Newcastle eh?
 
Some of the councils refuse to give them plates. I know Gateshead point blank refuse so you will struggle to find cars. Maybe Sunderland are the same
 

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