Interesting thoughts! So you think the investors and all folks in the tech industry that are bullish on Uber are wrong? What do you think will happen to the company?
I don’t see a success scenario for Uber in the case in which self-driving cars become mass market ready in the near future. Of the services that Uber is currently offering, I can only see one that could end up successful: ride sharing.
Assuming Uber continues to build a large network of drivers & riders they might be able to offer shared rides that are cheap and generate a profit. When Uber Pool works well, it becomes a viable alternative to using public transportation or to owning your own car. Does this outlook justify Uber’s latest valuation of $68 billion?
Without running the numbers myself, I doubt it4. And I can’t imagine investors would be satisfied with Uber focusing on becoming a ride-sharing company. So Uber might be in a similar situation to Twitter – it could offer a good, profitable service if it weren’t for it’s sky high valuation and ambition.