Comment by dmitriid
4 years ago
I never said anything about people working at Uber.
However, Uber as a company has so far lost over 20 billion dollars and only turned a profit once. Yup. A very successful and sustainable business.
4 years ago
I never said anything about people working at Uber.
However, Uber as a company has so far lost over 20 billion dollars and only turned a profit once. Yup. A very successful and sustainable business.
> only turned a profit once
I don’t understand - what do you think is the problem with this? What exactly is wrong there?
They aren’t spending your money, or tax payer money. They’re doing nothing but pumping money into workers’ hands and the economy, creating thousands of skilled jobs. It’s currently a massive wealth-redistribution system.
Why are you sarcastically turning your nose up at it, based on some accounting metric, that doesn’t even involve or effect you? Why don’t we want this in Europe?
> They’re doing nothing but pumping money into workers’ hands and the economy
They are not really pumping that money into workers and economy given how they don't want to spend any money on drivers.
> Why are you sarcastically turning your nose up at it, based on some accounting metric
It's not "some accounting metric". The measure of a successful business is whether it can support itself. And not if it can siphon unlimited investor money for a decade.
> Why don’t we want this in Europe?
Because those 20 billion dollars are better spent on actual businesses.
> They are not really pumping that money into workers and economy
Uber pays thousands of engineers hundreds of thousands of dollars. They all live and spend in their local communities.
> The measure of a successful business is whether it can support itself.
Well this is the major difference - in the US they’re happy to invest and work for the long term, not short-term profits.
> Because those 20 billion dollars are better spent on actual businesses.
Why do you care or have an opinion on where someone else invests their money?
I’ve had to work my whole career for North American companies because European ones can’t even begin to compete. It’s madness to say Europe is better off with our bargain basement tech sector.
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