Uber isn't a ride share service! It is a unlicensed taxi service! It doesn't have the same rules and regulations that taxi companies have to abide by. That is why taxi service is so much better, cleaner and safer in the US. Right?
And where did the government get that idea from? Uber and those type of companies. The cab companies aren't going to come up with that idea. They liked the 1980s.
What laws do they "comply" with? Have you ever actually ridden in a taxi or talked to a taxi driver? The only laws are the ones they break when they bribe the local politicians.
What a joke. You think the taxi industry requires mandatory inspections and re-testing? Seriously you people are so out of touch. You know what you need to become a taxi driver? A valid license and the ability to pass a two day training course. That is it.
Net revenue growth as a percentage. Lets just say their net revenue is growing very very fast. Somehow I think the people who are investing in Uber know more than the average Slashdotter about investing.
Maybe people *gasp* prefer Ubers service over a shitty cab or shuttle? Could it possibly be true? No, couldn't possibly be true. I'm sure they would rather just wait in a queue for a taxi for unknown cost or a crappy shuttle which drops you off God knows where.
Exactly. People think the medallion system is some sort of magical fairy to assure quality and safety. It is hard to believe that people are that stupid.
Exactly. Prices fluctuate and there are also bonuses that come into play. So your numbers are worthless and you don't know what you are talking about. You made unrealistic assumptions. I'll bet many Uber drivers make more than you do.
Um yes. Do you think companies just start making money immediately, magically? Look at Amazon. Huge losses for years. They just posted a $513 million profit in the last quarter. Slashdotters always complain that companies are so short sighted when it comes to finances. Ironic. Don't worry about the Uber investors, believe it or not THEY KNOW WHAT THEY ARE DOING.
Really? What "worker rights" and "conditions" do taxi drivers enjoy? They drive a leased taxi all day long for money. You guys are comical, thinking that there is some magical fairy taking care of taxi drivers.
Just because someone says something you don't agree with doesn't make them a "troll". If the people at FT knew anything they wouldn't be writing articles for 100K a year.
I didn't say Uber was making money. I said the drivers were. Ubers net revenue is $1.7 billion, up 240% since last year with slowing loss rates. You guys should stick to computers, not commenting about business or investing.
Are you guys insane? Just plug in an external keyboard and mouse and display if you want it. Get a docking station. Desktop PCs are dead, except for gaming. Get over it.
And guess why your local cab company has an app? Because Uber forced them to do something to compete. Before Uber the taxi companies were stuck in 1980.
Give it up. All these guys are white knights trying to "save" the Uber drivers. Apparently the drivers are stupid, and they need these "smart" guys to help them out.
The current trip cost from the airport to the strip is $21.22. Go check it yourself. The drivers are making money. They wouldn't do it. You guys assume Uber drivers are stupid and desperate. They aren't.
You guys don't know what you are talking about. The current trip price is $21.22 from the airport to the strip. Go check it yourself using the Uber app. So based on your numbers it would be $21.22/trip * 6 trips which is $126/hr. That is more than YOU make, even after taking out expenses.
Uber also pays bonuses based on number of trips. Uber drivers aren't stupid. They wouldn't do it if it wasn't profitable.
"is existing very heavily in Germany and France, the two countries I'm most experienced in."
Bullshit. Like most Europeans you assume that it is happening, that there is oversight and people in charge that know what they are doing. But it isn't true: simply because of the mathematics involved. There are too many taxis in order for any real oversight to be performed. And there certainly isn't in the US. Anyhow, why do you care? If you like your expensive taxi service, then go use it. Uber makes transportation more widely available.
I think you guys assume there is some "regulation" going on with the existing taxi industry, like training for the drivers, and regular safety checks on the equipment. Guess what? There isn't. There is no magical "regulation" fairy going around and checking to see if the taxi companies are complying with anything, except for paying their fees to the local government. It is laughable that people assume that there is some sort of actual oversight going on.
Slashdot Mirror
Uber isn't a ride share service! It is a unlicensed taxi service! It doesn't have the same rules and regulations that taxi companies have to abide by. That is why taxi service is so much better, cleaner and safer in the US. Right?
Dear Tim Cook,
Remember what happened last time we opened up MacOSX to other manufacturers.
Signed,
Steve Jobs
Sent from my iPhone
Their net revenue growth rate was 240% this year. Got it? Great. Stick to IT.
And where did the government get that idea from? Uber and those type of companies. The cab companies aren't going to come up with that idea. They liked the 1980s.
What laws do they "comply" with? Have you ever actually ridden in a taxi or talked to a taxi driver? The only laws are the ones they break when they bribe the local politicians.
What a joke. You think the taxi industry requires mandatory inspections and re-testing? Seriously you people are so out of touch. You know what you need to become a taxi driver? A valid license and the ability to pass a two day training course. That is it.
Net revenue growth as a percentage. Lets just say their net revenue is growing very very fast. Somehow I think the people who are investing in Uber know more than the average Slashdotter about investing.
Good thing the pure taxi companies would never lobby politicians to get favors.
Maybe people *gasp* prefer Ubers service over a shitty cab or shuttle? Could it possibly be true? No, couldn't possibly be true. I'm sure they would rather just wait in a queue for a taxi for unknown cost or a crappy shuttle which drops you off God knows where.
Exactly. People think the medallion system is some sort of magical fairy to assure quality and safety. It is hard to believe that people are that stupid.
Exactly. Prices fluctuate and there are also bonuses that come into play. So your numbers are worthless and you don't know what you are talking about. You made unrealistic assumptions. I'll bet many Uber drivers make more than you do.
Um yes. Do you think companies just start making money immediately, magically? Look at Amazon. Huge losses for years. They just posted a $513 million profit in the last quarter. Slashdotters always complain that companies are so short sighted when it comes to finances. Ironic. Don't worry about the Uber investors, believe it or not THEY KNOW WHAT THEY ARE DOING.
Really? What "worker rights" and "conditions" do taxi drivers enjoy? They drive a leased taxi all day long for money. You guys are comical, thinking that there is some magical fairy taking care of taxi drivers.
Or the fact that their net revenue rate was 240% this year. Oh wait, I am a "troll".
Just because someone says something you don't agree with doesn't make them a "troll". If the people at FT knew anything they wouldn't be writing articles for 100K a year.
Their net revenue rate was 240% this year. Yes, eventually they can reach $2B per quarter. It might take a few years.
I didn't say Uber was making money. I said the drivers were. Ubers net revenue is $1.7 billion, up 240% since last year with slowing loss rates. You guys should stick to computers, not commenting about business or investing.
Are you guys insane? Just plug in an external keyboard and mouse and display if you want it. Get a docking station. Desktop PCs are dead, except for gaming. Get over it.
And guess why your local cab company has an app? Because Uber forced them to do something to compete. Before Uber the taxi companies were stuck in 1980.
Give it up. All these guys are white knights trying to "save" the Uber drivers. Apparently the drivers are stupid, and they need these "smart" guys to help them out.
The current trip cost from the airport to the strip is $21.22. Go check it yourself. The drivers are making money. They wouldn't do it. You guys assume Uber drivers are stupid and desperate. They aren't.
You guys don't know what you are talking about. The current trip price is $21.22 from the airport to the strip. Go check it yourself using the Uber app. So based on your numbers it would be $21.22/trip * 6 trips which is $126/hr. That is more than YOU make, even after taking out expenses.
Uber also pays bonuses based on number of trips. Uber drivers aren't stupid. They wouldn't do it if it wasn't profitable.
"is existing very heavily in Germany and France, the two countries I'm most experienced in."
Bullshit. Like most Europeans you assume that it is happening, that there is oversight and people in charge that know what they are doing. But it isn't true: simply because of the mathematics involved. There are too many taxis in order for any real oversight to be performed. And there certainly isn't in the US. Anyhow, why do you care? If you like your expensive taxi service, then go use it. Uber makes transportation more widely available.
I think you guys assume there is some "regulation" going on with the existing taxi industry, like training for the drivers, and regular safety checks on the equipment. Guess what? There isn't. There is no magical "regulation" fairy going around and checking to see if the taxi companies are complying with anything, except for paying their fees to the local government. It is laughable that people assume that there is some sort of actual oversight going on.
You can't just omit words because you don't feel like writing them. It doesn't work way.