Uber, it seems, has both a credibility problem and a very bad reputation that seems to be getting worse. The company is also up to its head in very sleazy politics. Uber CEO Travis Kalanick has gone out of his way to say how much he “loves Obamacare.”
This is really game changing technology folks and one that’s going to find a huge market out there. Outside of North America, it could be really popular in developing countries like Pakistan where blackouts are a daily fact of life.
Interestingly enough, owning a car is still cheaper than ride sharing in the 50 largest American cities, Nerd Wallet discovered. Relying on Uber, Lyft, or Side Car is still more expensive than owning your vehicle. The reason for that is the base prices Uber charges.
“The future has arrived, and it’s called Mirai,” Toyoda told YouTube viewers. A few more details about the vehicle are available as well. Endgadget reported that Mirai will go on sale in the United States next and will cost around $69,000.
It looks like Uber is in legal limbo in Nevada and will be for the foreseeable future. A number of court hearings are scheduled on the service, which means the matter will have to be settled by a higher court. That means months of appeals and high legal bills for Uber
It looks as if Uber might not be the cash cow that some people think it is. Instead, it is a very expensive business built on a lot of debt that could implode quickly. My prediction for Uber is that it will borrow a fortune from investment bankers then, when that ATM starts running empty, it will issue an IPO and a lot of worthless stock.
You can be fired at any time for absolutely no reason. Forbes contributor Ellen Huet noted that the contracts Uber has drivers sign allow it to simply cut them off at any time. The company doesn’t even have to tell drivers why they were cut off and left without income. Uber can do this because its drivers are independent contractors, not employees.
The public likes the idea of vehicles that drive themselves, The Detroit Free Press reported. The newspaper cited a Boston Consulting Group poll that found 55% of auto buyers would be likely to purchase a partially autonomous vehicle, such as some of Mercedes’ current S class.