[mrmistoffelees]

Originally Posted by Damien

It does need critical mass to really work.

Uber's plan is self-driving cars by which time they hope they'll have captured the majority of the market by simply being the app people have installed on their phones. So Uber's investors were happy to see them lose money on every ride simply to feed that aggressive expansion.

It's not working as well because self-driving cars are taking longer than they thought. They keep hitting problems with regulators in Europe and in some American cities over their safety checks and the way they treat drivers e.t.c.

All that said I do really like Uber because it is cheap and the app is good so

Uber have to be get focussed on profitability and quickly, They're performance since they IPO'd has not been great at all. They have no clear route to profitability as yet. And their engineering is something of a shambles. (happens to all companies in the bay area as they transition out of startup. The same can also be said of Lyft....

Markets are wising up to over hyped IPO's look at what has happened to WeWork.(They didnt even IPO, they pulled their filing)