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is UBER a good investment?

birdseye 2019-05-14 14:47:27 

I picked up a few @$37 and change – guess time will --- I remember Netflix IPO was $15.00 – I said NO! – now its almost $400

RemainsUnknown 2019-05-14 17:33:16 

In reply to birdseye

is UBER a good investment?

Found a good answer to your question...... lol lol lol
Read this guy's response: George Paolini...

VIX 2019-05-14 17:37:29 

In reply to birdseye

looks to be more like a gamble than an investment. For now.

birdseye 2019-05-14 17:54:21 

In reply to RemainsUnknown

thanks - thats my take also -- my son says UBER has no near-term plans for profitability ---
my investment is a meager one so i'll hold it

XFactor 2019-05-14 17:55:59 

In reply to birdseye

my investment is a meager one so i'll hold it

Yeah, don't bet the farm on this one.

Ayenmol 2019-05-14 20:03:50 

In reply to birdseye

People are getting abducted, murdered. They are trying to push these self driving cars and going nowhere...if anything wait till it drops to near will.

Personally I can't wait to see that business disappear. No reason you can't take a cab.

Quit trying to rethink the wheel!

carl0002 2019-05-14 20:25:52 

Company has never earned a profit in its entire existence. What do you think?

RemainsUnknown 2019-05-14 20:37:02 

In reply to carl0002

Just to play Devil's advocate, didn't Amazon take several years before it turned a profit as well?

You never know.....

Ayenmol 2019-05-14 20:55:33 

War criminal found driving for Uber.

That company is a menace to soceity.

methodic 2019-05-14 22:55:56 

In reply to birdseye

It is a good gamble but it might take 15 to 25 years for the self driving car to be reliable

Ayenmol 2019-05-14 23:43:20 

In reply to methodic

They cannot lose money for that long...something has to give...greed is what will cause their demise!

If they would pay their drivers fairly and do some due diligence on the workforce. wait for the self driving tech to become mainstream and move towards such at that juncture , then they would stand a better chance.

Bit they are in a rush to get there so they can pocket the money.

That alone should tell you how they themselves feel about relying on drivers to make money.

methodic 2019-05-15 00:17:44 

In reply to Ayenmol

They cannot make money and pay their drivers well at the rate they charge.

Ayenmol 2019-05-15 00:23:05 

In reply to methodic

Then they are not a viable business.

Ayenmol 2019-05-15 00:25:36 

They wanna use people to price out taxi drivers then discard those people for robots!

Hope they fall on their face!