Major jew alert if you live in an important city and use uber

[PLOL]

This hasn't even been announced publicly, but I stumbled upon this because I was part of a flat fare beta group in Chicago. They're about to roll out flat fares nationwide (in important cities). The pricing is so crazy low that it has to be in response to the whole delete uber campaign. Irony is, you can make uber lose way more money by purchasing a flat fare package. It's $10 to lock in the rate for 20 rides. The flat fare varies by city, but LA for instance is $3.99 for uberx. Which is pretty insane. There's a few restrictions, you have to stay w/in the zone which is generally city limits minus airports. It covers rides up to $30 (after that you pay the overage). But you are not affected by surge.

There may be other cities too, but these are the cities I punched in. Just alter the URL to see if it's in your city.
Chicago: https://www.uber.com/info/plus/chicago/
Boston: https://www.uber.com/info/plus/boston/
NYC: https://www.uber.com/info/plus/newyork/
LA: https://www.uber.com/info/plus/la/
Miami: https://www.uber.com/info/plus/miami/
Seattle: https://www.uber.com/info/plus/seattle/
Philly: https://www.uber.com/info/plus/philadelphia/
DC: https://www.uber.com/info/plus/dc/
San Fran: https://www.uber.com/info/plus/sanfrancisco/
Denver: https://www.uber.com/info/plus/denver/

Typical finders fee is 15%. Let me know if you need my paypal. Your $30 uber from Brooklyn to Manhattan just became $5.99. Commerce Casino to Santa Monica? $3.99

[sonatine]

Would you honestly be shocked if they took all those lock in fees then folded?

Im just saying.

[PLOL]

Would you honestly be shocked if they took all those lock in fees then folded?

Im just saying.

lol, pretty funny. I think they lost something like $3 billion last year. Ultimate ponzi won't come from taking customer's money. It's from taking VC money.

[sonatine]

Nod the volume of cash they burnt through in 4th quarter was absolutely spectacular. Where they get operating costs at this point.. I cant even guess. Federal black budget space programs went through cash slower than Uber did in their 4th quarter.

[Brittney Griner's Clit]

I can safely say that no self respecting Jew is going to be using Uber in their home city.

[PLOL]

I can safely say that no self respecting Jew is going to be using Uber in their home city.

If you go anywhere where you have to pay for parking, then doing this would be cheaper. Not to mention less hassle

[Brittney Griner's Clit]

I can safely say that no self respecting Jew is going to be using Uber in their home city.

If you go anywhere where you have to pay for parking, then doing this would be cheaper. Not to mention less hassle

If I saw this was your thread I wouldn't have rehassled you on this. I thought it was that gay guys thread.

[v12cl]

The thought of Uber completely crashing and every investor losing their ass is making my dick hard. Fuck the race to the bottom, and fuck SJW betas too. Cognitive dissonance, get fucked.

[GambleBotsChafedPenis]

Would you honestly be shocked if they took all those lock in fees then folded?

Im just saying.

lol, pretty funny. I think they lost something like $3 billion last year. Ultimate ponzi won't come from taking customer's money. It's from taking VC money.

i'd be willing to bet against that...no fucking way the VCs end up holding the bag on this one...those guys are too smart to let that happened...i'd be willing to bet a lot that this gets floated as an IPO by goldman to the unsuspecting public who eats a whole bag of shit on this one...really surprised this hasn't happened already...

and I know that they are burning cash like crazy, but that's never stopped the public from doing incredibly stupid shit and buying a piece of a company like this...

[sonatine]

ive heard the magic bullet to understanding Uber's enigmatic cash flow situation is that they intend to be first to market for legitimate roll-out of autonomous driving cabs and such.

but everything ive heard about that tech says that its a long.. fucking.. way from being mature enough to get a actual blessing from uncle.

like geohot legit wrote his own working prototype and brought a $900 functional model to beta and got buried under so much regulatory horse shit that he shuttered the whole project and bailed.

[Daly]

lol, pretty funny. I think they lost something like $3 billion last year. Ultimate ponzi won't come from taking customer's money. It's from taking VC money.

i'd be willing to bet against that...no fucking way the VCs end up holding the bag on this one...those guys are too smart to let that happened...i'd be willing to bet a lot that this gets floated as an IPO by goldman to the unsuspecting public who eats a whole bag of shit on this one...really surprised this hasn't happened already...

and I know that they are burning cash like crazy, but that's never stopped the public from doing incredibly stupid shit and buying a piece of a company like this...

100%. I do think they are here to stay though. This company will continue to have cash flow in the years to come. Will they have enough retained earnings to pay back the cash they are borrowing? Time will tell but Amazon once in the same boat.

[simpdog]

Plol is MUGA

Unfortunately not in Canada but good find.

[PLOL]

Uber has been avoiding IPO because their finances are such a mess and they don't want to publicly disclose them. I agree they're looking at autonomous cars to be their end goal. The problem is by the time they're ready to actually roll it out, so will everybody else. So their margins will likely be really small on that. It's not like people are loyal to the Uber brand. If Waymo (aka Google/Alphabet) rolls out a better autonomous car, people will shift to that platform. And honestly, I'd much rather get in a self-driving Waymo car, than a self-driving uber. These flat fare packages will make a lot of sense with self-driving cars tho where they don't have to pay some moop to drive around.

The thought of Uber completely crashing and every investor losing their ass is making my dick hard. Fuck the race to the bottom, and fuck SJW betas too. Cognitive dissonance, get fucked.

Haven't you heard? Trump supporters are supposed to be supporting Uber.

[GambleBotsChafedPenis]

ive heard the magic bullet to understanding Uber's enigmatic cash flow situation is that they intend to be first to market for legitimate roll-out of autonomous driving cabs and such.

but everything ive heard about that tech says that its a long.. fucking.. way from being mature enough to get a actual blessing from uncle.

like geohot legit wrote his own working prototype and brought a $900 functional model to beta and got buried under so much regulatory horse shit that he shuttered the whole project and bailed.

that was going to be my next question...what is their end game if not an IPO...even from somebody who is not plugged into the tech game that autonomous driving seems light years away from becoming a reality...makes you wonder how deep everybody is willing to go on this whole thing...at some point you gotta think the guys with the money gotta be sick of dealing with the losing shit...

[GambleBotsChafedPenis]

Uber has been avoiding IPO because their finances are such a mess and they don't want to publicly disclose them. I agree they're looking at autonomous cars to be their end goal. The problem is by the time they're ready to actually roll it out, so will everybody else. So their margins will likely be really small on that. It's not like people are loyal to the Uber brand. If Waymo (aka Google/Alphabet) rolls out a better autonomous car, people will shift to that platform. And honestly, I'd much rather get in a self-driving Waymo car, than a self-driving uber. These flat fare packages will make a lot of sense with self-driving cars tho where they don't have to pay some moop to drive around.

man id love to see that shit...burning a billion a quarter has to be tremendously awesome to look at...

I'm guessing they don't want the smart hedgies to get their hands on the financials to see what a pile of shit it is...but again I'm sure they would put a shitton of lipstick on the pig if they were gonna serve it up to the public to make it look better than it is...I mean the tech bubble was ages ago, but I'm sure there were financials on some of those companies that were FUBR but the public still ate it up...never underestimate the public's stupidity in matters like investing...

[ErickAA]

I did Uber in Los Angeles for a few months a couple years ago when I was in between jobs. Everytime I was in a convo with a passenger and the convo came around to what they were paying for the ride, I was always making 2X as much as the passenger was paying. Seems suboptimal for Uber.

Anyways, I was listening to some podcast of a billionaire angel investor (forgot his name, he was in a couple episodes of Shark Tank with Mark Cuban) who said a big part of the value of the company was the technology to track and coordinate people, and he said that even if Uber ridesharing itself doesn't make money, then the technology would certainly make $$ in some other way (I am paraphrasing, but this was the gist of it). Further, he argued that the way to make $$ investing in today's tech world is to invest in a new technology that isn't making $$ now that you anticipate the company will figure out a way to monetize it in the future. (again I am paraphrasing, but you get the gist)

Another interesting tidbit, is that in order to get around all the regulations the Taxi and limo companies have to pay, Uber is classified as a technology company, not a cab company. Uber itself does not own any of the cars, and are not allowed to under their currrent classification. So obviously this would not work with an automated taxi fleet, and they would have to completely change their business model and compete on a more level playing field with everyone else if this happened.

All of that being said, traffic is so bad and it is such a bitch to find parking in most of Los Angeles, that Ubering really does open up the city and make life easier. My wife doesn't even drive at all anymore. She Ubers to work and back and even uses it to go shopping and other mundane stuff. Of course we can afford this because Uber is still subsidizing the rides and bleeding $$, so it will be interesting to see what happens moving forward if and when they try to actually make $$.

[PLOL]

Another interesting tidbit, is that in order to get around all the regulations the Taxi and limo companies have to pay, Uber is classified as a technology company, not a cab company. Uber itself does not own any of the cars, and are not allowed to under their currrent classification.

Uber does own some cars. They have a fleet of self driving cars in Pittsburgh and now Arizona and I believe they're back in San Fran now. Though Uber's MO is generally to just break the law and then figure it out later

[Belly Buster]

I had no idea that the drivers were getting paid more than the passengers were paying. I always assumed they were cheaper because there were less regulations, licenses, etc, more optimal scheduling, higher occupancy vs empty %, plus they were screwing the drivers a bit.

Makes sense now how they burn so much money.

[OSA]

https://www.wsj.com/articles/toyota-...hip-1464122403

This is huge because it means that someone with no English can come to the US and get on the road to make money immediately.

Also, they been losing a lot in China vs their Didi rival.

[PLOL]

https://www.wsj.com/articles/toyota-...hip-1464122403

This is huge because it means that someone with no English can come to the US and get on the road to make money immediately.

Also, they been losing a lot in China vs their Didi rival.

Uber has been leasing their cars to their drivers for a while now. Generally at predatory-like rates