ST Alpha - "A good point that was made to me: airlines... lose money a lot. Car companies, ditto. Railways, money losers unless it's stuff, not people" (Reading a Post)

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In response to "The Uber IPO. -- nm" by Baronwak

A good point that was made to me: airlines... lose money a lot. Car companies, ditto. Railways, money losers unless it's stuff, not people

Posted by Reagen May 10 '19, 12:47

taxi cabs weren't this amazing money fountain before, and transportation is a hard business. Why do people think this'll be the way to crack it?

Responses:

because they're not the ones bearing the costs of providing the actual service, the drivers are. -- nm - znufrii May 10, 12:52 6
- but ultimately the point is that there is not some untold riches in this market to be had. - Reagen May 10, 12:56 4
  - Unless they can survive to the next generation of transport. -- nm - Beryllium May 10, 12:59 3
    - I'm going to try and find it on Google, but I read recently that many technology analysts have downgraded their expected timelines for driverless cars - Name Withheld By Request May 10, 13:19 2
      - They're in part a victim of their own hype - it's very possibly a business that can be profitable - Reagen May 10, 13:22 1
        
        I was on this file pretty deep in 2015/2016 and it was never obvious to me where that profitable tipping point was without removing drivers. - Name Withheld By Request May 10, 13:36
- Right. They're just the middleman between all the people who are losing money. -- nm - Beryllium May 10, 12:53

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