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Thread: Uber CEO: We Could Be Profitable -- We Just Don't Want To Be

  1. #1

    Uber CEO: We Could Be Profitable -- We Just Don't Want To Be

    https://tech.slashdot.org/story/18/0...ont-want-to-be

    Uber CEO Dara Khosrowshahi said he's not worried that his company lost $4.5 billion last year and claimed the company could "turn the knobs" to be profitable if it wanted to -- it just doesn't. From a report:

    Khosrowshahi made the comments at the Goldman Sachs Technology and Internet Conference in San Francisco this week where he explained that if Uber did turn those knobs to be an immediately profitable company it would "sacrifice growth and sacrifice innovation." He also spoke optimistically about the impact self-driving cars will have on transportation costs.
    Is this really today's measure of what we define as "success"? NOT being profitable?
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  3. #2
    Quote Originally Posted by DamianTV View Post
    Is this really today's measure of what we define as "success"? NOT being profitable?
    There is no reason to be profitable. Profits are taxed. It is much better to be "profit neutral" while growing revenues. The size of the revenue and the employed workforce generating this revenue gives you quite an advantageous position when dealing with uncle Sams of the world.
    Last edited by timosman; 02-15-2018 at 04:51 PM. Reason: profit!

  4. #3
    Quote Originally Posted by DamianTV View Post
    https://tech.slashdot.org/story/18/0...ont-want-to-be



    Is this really today's measure of what we define as "success"? NOT being profitable?
    If investors are willing to come up with the capital to sustain your business through this type of growth, then that is perfectly fine. Might not be optimal, but in some cases it could work in the long-run.

    Unfortunately with our easy monetary policy that kinda skews things a bit.
    "He's talkin' to his gut like it's a person!!" -me
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    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

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  5. #4
    Quote Originally Posted by timosman View Post
    There is no reason to be profitable. Profits are taxed. It is much better to be "revenue neutral" while growing revenues. The size of the revenue and the employed workforce generating this revenue gives you quite an advantageous position when dealing with uncle Sams of the world.
    Another good point - without taxes this strategy would be utilized far less.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  6. #5
    Quote Originally Posted by DamianTV View Post
    https://tech.slashdot.org/story/18/0...ont-want-to-be



    Is this really today's measure of what we define as "success"? NOT being profitable?
    Welcome to the Uber economy.

  7. #6
    Quote Originally Posted by nikcers View Post
    Welcome to the Uber economy.
    Uber has been fantastic in regards to destroying the government regulated taxi license industrial complex, there are a lot of libertarian aspects to Uber.

    It's a highly innovative company that has helped save lives by providing reasonable rates for drunk people as well as regular people to get around town. They deserve success - it's not their fault they are operating in a manipulated market and if they didn't take the lead, Lyft would do it and gobble their marketshare.
    Last edited by dannno; 02-15-2018 at 07:53 PM.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  8. #7
    Who needs to be profitable when they have the Fed fueled debt markets throwing money at them. The autonomous car ride-sharing thing is part of Agenda 21 and it WILL be funded to completion. Once the infrastructure to support the autonomous ride sharing is in place, only then will Uber and the like decide it's time to become profitable. Same can be said for Tesla (SpaceX, really), Amazon, the chip companies, blockchain related corporations like IBM and any others that are part of Agenda 21.

    Quote Originally Posted by dannno View Post
    Uber has been fantastic in regards to destroying the government regulated taxi license industrial complex, there are a lot of libertarian aspects to Uber.
    It's part and parcel of Agenda 21 and therefore is nothing close to libertarian. Today's Uber will become tomorrow's Johnny Cab, with people locked into the cities and all movement outside of walking distance closely controlled.
    Last edited by devil21; 02-16-2018 at 06:43 PM.
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