Quote:
Originally Posted by peter12
So they continue to lose money, and investors keep betting. Taxis go out of business. They are already on their way out in the US (never mind Europe, people). Uber increases prices. Same situation as before, but worse! And if they do it before they achieve a monopoly, then people will stop using Uber.
After that... who knows? We get an autonomous fleet of cars. Who pays for their maintenance and cleaning? If this means prices can go absolutely rock bottom, then how does Uber make any money? Will you be driving into work in your shoddy semi-public robot Uber car while advertisements based on your particular data pattern are relayed to you over and over again?
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Won't this again just give rise to competition though? I appreciate the depth you've gone to spell out Uber's end-game, but isn't that Google, among other investors, betting on Uber being able to achieve said cartel? There's no guarantee someone else can't penetrate this industry, just as taxis were able to deter competitors for decades, but in this case we're seeing the industry evolve, and it has the potential to completely reinvent itself in a relatively short time frame to go from what we have now, to as you see it, ordering a self driven car. There is plenty of room for competition in there, and all it takes is another group of large investors to want a piece of the pie and engage with their own ride-for-money service.