Uber update.

[xdv8]

Originally Posted by Enough_Already

When people start responding like you did I know it is even more likely. This company has deep rooted mangement problems that are already hurting its business.

My response to you was as filled with insight as yours, only it lacked the negativity.

Posts yours go largely ignored because of their gloom and doom nature. Constant negativity and poor comparisons.

[Katarina Witt]

Originally Posted by VASpaceMan

We'll check back in with you and UKYank when both of you, and most people you know, can no longer get a job and provide for your families. Accelerating technology including machine learning will make more and more industries obsolete before new ones can take their place. I say this as a techie. What happens when there's 15% unemployment, how about 35%. 55%? 85%? I wonder at which percentage number the worlds cities are set ablaze..

Yes, let's go back to making buggy whips. You're not going to stop technology.

[WhoIsStanwix?]

Originally Posted by Katarina Witt

Yes, let's go back to making buggy whips. You're not going to stop technology.

Yeah I tried not to respond to that bait. We may be entering a paradigm shift whereby automation supplants the need for a lot of human labor. That is a global issue. Trying to solve it by putting a plastic gate in front of a moving train won't do much.

We will need to figure that one out as a human race. I've heard varying interpretations on what that could mean, but there isn't much one can do other than learn some practical skills and figure out what makes one happy.

[_Buster]

No company can be the "next" Enron. Fannie Mae, Freddie Mac, and Countrywide already took care of that a decade ago.

[erieguy]

Originally Posted by Enough_Already

Not yet but it is certainly a possibility when you have a management team and CEO as arrogant as the one managing Uber. Lots of people do not approve of the methods and atmosphere inside Uber. Uber is pricing its service well below cost. They will need frequent infusions of capital which could be limited in the sources of that capital do not approve of Uber management. Enron is just one example. Many large organizations have just disappeared for similar reasons.

Arrogance of CEO's and "could" can be said about any number of companies. Your issue with Uber is obviously more personal than anything else and you sound more like a disgruntled employee/former employee hoping for their demise.

[sealie]

I don't disagree with EA. Based on their business plan hinging on them solving a complex technical problem that they may not solve before running out of money, and their valuation being what it is, it gives my flashbacks to Silicon Valley in the late 1990s. I'm not sure why people are being so defensive. Nobody thought they were in a bubble in '99 either.

[erieguy]

Originally Posted by sealie

I don't disagree with EA. Based on their business plan hinging on them solving a complex technical problem that they may not solve before running out of money, and their valuation being what it is, it gives my flashbacks to Silicon Valley in the late 1990s. I'm not sure why people are being so defensive. Nobody thought they were in a bubble in '99 either.

Time will certainly tell but I'm doubting anyone is betting any actual money against them going by the wayside. Many have personal issues with them which often clouds reality.