Originally Posted by
I-Like-To-Bike
There isn't going to be enough money in Uber's piggy bank to buy a fleet of Nissan Versas, let alone pricey wunder-cars, by the time self driving cars are ready for prime time.
The investment morons are saying that losing 2 billion in a single year is a good thing, as long as sales are increasing. Sales of what? Share rides? Uber is no more than a search engine, like Alta vista when it was the leading search engine worldwide. Google's No. 1 now and its profit is based on advertising, its share price on speculation. Uber has no profit and it's value is based on delusions.
The simple fact is this, trillions of pension dollars have to go somewhere every year, and they are being fed into these boondoggle virtual companies that don't actually produce anything tangible. Of course the younger generation claim this is the "new" economy, like "It's different this time"
