is UBER a good investment?

link birdseye Joined: Mar 23, 2004
Posts: 34517
5/14/19, 10:47:27 AM 
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

link RemainsUnknown Joined: Apr 14, 2005
Posts: 6705
5/14/19, 1:33:16 PM 
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...

link VIX Joined: Feb 6, 2003
Posts: 12435
5/14/19, 1:37:29 PM 
avatar image
In reply to birdseye

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

link birdseye Joined: Mar 23, 2004
Posts: 34517
5/14/19, 1:54:21 PM 
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

link XFactor Joined: Nov 4, 2005
Posts: 4601
5/14/19, 1:55:59 PM 
In reply to birdseye
my investment is a meager one so i'll hold it


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

link Ayenmol Joined: May 3, 2003
Posts: 12996
5/14/19, 4:03:50 PM 
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 nothing...it 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!

link carl0002 Joined: Apr 15, 2003
Posts: 22797
5/14/19, 4:25:52 PM 
Company has never earned a profit in its entire existence. What do you think?

link RemainsUnknown Joined: Apr 14, 2005
Posts: 6705
5/14/19, 4:37:02 PM 
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.....

link Ayenmol Joined: May 3, 2003
Posts: 12996
5/14/19, 4:55:33 PM 
War criminal found driving for Uber.

That company is a menace to soceity.

link methodic Joined: Jan 17, 2010
Posts: 14670
5/14/19, 6:55:56 PM 
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

link Ayenmol Joined: May 3, 2003
Posts: 12996
5/14/19, 7:43:20 PM 
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.

link methodic Joined: Jan 17, 2010
Posts: 14670
5/14/19, 8:17:44 PM 
In reply to Ayenmol

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

link Ayenmol Joined: May 3, 2003
Posts: 12996
5/14/19, 8:23:05 PM 
In reply to methodic

Then they are not a viable business.

link Ayenmol Joined: May 3, 2003
Posts: 12996
5/14/19, 8:25:36 PM 
They wanna use people to price out taxi drivers then discard those people for robots!

Hope they fall on their face!

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