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Uber valued at $17 Billion
- Thread starter xnipx
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Admiral Bone to Pick
Banned
But is it really worth $17 billion?
victreeb3l
Member
Damn thats an insane valuation.
You open it up, and call for a taxi. On demand cabs pretty much. Thats it.
You open it up, and call for a taxi. On demand cabs pretty much. Thats it.
It's just like a taxi service, except you can request a ride within the app.
m_shortpants
Member
You say "I need a ride". And an Uber driver picks you up based on your GPS location. You're able to see exactly where all the drivers are and how long it will take them to pick you up.
The payment and everything is handled from your phone, so you don't have to give the driver any money. Its basically hail a driver, get in, get out.
Crowd sourced taxi service. Great idea.
metsallica
Member
Money no longer means anything. Again.
Gentleman Jack
Member
I still worry the regulatory hammers are going to come raining down faster than before.
m_shortpants
Member
Definitely. As self driving cars become standard, this is going to be huge.
Sweet fucking Jesus....
And the driver (being not a taxi) most likely doesn't have insurance that will cover your injuries if there is an accident because you need commercial auto insurance for that.
Uber is easily worth this. If you live in a city with Uber, you know why.
Additionally, it's easy to see how they might expand into other "I take out my phone and someone provides me with a service" markets. If you think of what Uber is, generically, it's a massive service-for-hire platform that efficiently and economically matches supply and demand.
Additionally, it's easy to see how they might expand into other "I take out my phone and someone provides me with a service" markets. If you think of what Uber is, generically, it's a massive service-for-hire platform that efficiently and economically matches supply and demand.
It's like Zimbabwe inflation up in here.
Brb need to buy some eggs and milk from the corner store
Yeah it doesn't really seem like a ridiculous valuation at all. They've got something real good.
zephervack
Member
Never heard of this app before but wait a second, this is not calling actual cabs right? you are getting picked up by random strangers?
Amory
Member
Good for them, I fucking love Uber. I'll never use a dirty taxi with their high rates and rude drivers again.
Yup, but they're background checked when they register to be a driver, and every single Uber driver I've ever had has been super friendly and their cars are always spotless. It's a great system they have going.zephervack said:
I live in a city with Uber, and I see no need for it. Not interested. Yeah I guess it's cool to do everything by typing into smartphone now. Order a cab, adjust the temperature in your house, post on FB/Instagram, whatever. If I can choose, I'd always take a regular yellow cab with a fixed meter instead of Uber's crazy surge pricing model.
DoktorEvil
Banned
18 Billion dollars valuable? Dem multipliers.
What about insurance and safety and things like that?
It's like Zimbabwe inflation up in here.
Brb need to buy some eggs and milk from the corner store
Sell the money as toys
We're in a bubble without a doubt (check out this hilarious article about laundry internet services in SF), but Uber is probably worth several hundred million.
Valkyr Junkie
Member
Quite a jump from their last cash influx from Google.
Uber is one of those "I can't believe I didn't think of it myself, and now I'm going to go kill myself" apps.
Uber is one of those "I can't believe I didn't think of it myself, and now I'm going to go kill myself" apps.
Orbis Tabula
Member
17 billion? Damn, that's impressive. Good for them. Not living in a city, I've never used the service. I never heard of it until a thread last week. But that's pretty incredible.
Gentleman Jack
Member
There's a feedback system where drivers and passengers rate each other after every ride, so there's incentive for everyone to get along.
But yes, the first time someone rides with uber or the first time someone drives for uber, they are a total stranger in the network. They haven't been vetted by anybody except Uber, who apparently runs a background check on their drivers in Los Angeles, at least.
GhostWriter24
Member
In LA, taking a clean Uber (they offer you water, gum, phone chargers, etc) is twice as cheap as the disgusting yellow cabs who often refuse to accept credit cards and have drivers that talk on bluetooth headsets the entire ride. I don't know if it's worth $17B, but hell, it's revolutionized public transit in a city that has next to none.
Just make sure you don't use them when the rates are multiplied, or else you'll be asking yourself why there's a $100-$200 charge on your CC the following morning. Hasn't happened to me, but I've heard stories.
Just make sure you don't use them when the rates are multiplied, or else you'll be asking yourself why there's a $100-$200 charge on your CC the following morning. Hasn't happened to me, but I've heard stories.
Yes, and I wouldn't be surprised either. Google is trying hard to differentiate from being an ad company. Uber would make sense (but they should have bought them earlier).
We can call the combined company Goober.
The non-vetting is going to come back and bite Uber in the ass.
They sign up with uber and get paid through them. You request a ride, it shows you where they are on a map and they come pick you up. Once you arrive at your destination, you're billed through uber and then you rate the driver.
Valuations sometimes include future earnings potential.
i cant vouch for Uber, but I can vouch for Lyft. I miss using it...
Has nothing to do with that.
You don't even know what you're talking about right now. I don't even use Uber and I know you don't know what you're talking about.
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