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Wow. Uber’s self-driving car unit may be worth $7.25 billion.

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jeffsmith66
41
 Posted 1 month, 1 week ago

https://www.businessinsider.com/uber-self-driving-car-unit-could-be-worth-725-billion-with-softbank-deal-wsj-reports-2019-4


Maybe Uber's self driving car unit will finally get the company out of debt.

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    RedANT
    947 Rider Driver
     1 month ago

    Uber's self driving program is suddenly valued at $7 Billion.   The only reason for Uber to release that information is to boost their pre IPO valuation.  It's nothing more than desperate marketing to ensure maximum short profits.

    Self driving cars are a pipe dream that won't work until everyone decides that they're willing to give up their personal vehicles and are willing to pay companies like Uber and Lyft to transport them everywhere.   It's not going to happen, or at least not in our lifetime.  

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      chawes
      664 Rider Guru
       1 month ago

      Bingo. 7.25B is ludicrous. But of course lots of people will fall for the hype - including people who should know better.

      Still waiting to hear how these AVs will handle winter climates....

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      ChrisNorway1
      56
       1 month ago

      Toyota trying to play catch up.  SoftBank already owns a large portion of Uber. None of this is anything new.


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        CaptainChampion
        128
         1 month ago

        Apparently, Uber's technology, which has nothing to do with its core business, is worth a lot of money. It's all just money being thrown around.  Uber has money to throw around.  They own technology around self-driving cars.  That's all it is.

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      andsold
      66
       1 month ago

      Yep. This. "The only reason for Uber to release that information is to boost their pre IPO valuation."

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    PattyMelt
    190 Driver
     1 month ago

    Self driving taxis will be cool until they require medallions. They aren’t ride share vehicles they are taxis. Oh and when someone plants explosives in one and blows up a state capital that’ll be the end of that.

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      JosephGould76
      7
       1 month ago

      You should write a book.  It sounds like an excellent plot (or perhaps a twist) on the next Grisham novel. 

      A bomb delivery device, where you can literally specify when and where the bomb will go and be detonated.  Genius (evil) plan. 

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      ClancyJones
      62 Rider
       1 month ago

      Not sure about medallions, but I am sure each car will be registered and closely monitored. and I am sure the # will be heavily regulated whether by the company itself or the authorities (cities/ordinances).

      The reality of these things is still 10s of years in the future.  Technologically maybe not, but politically and legally, nope.

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        cheesehead
        481 Driver Rider
         1 month ago

        Even technologically they are farther off than people think. Decades IMO. I have yet to hear how they will deal with winter climates. 

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      bombazine
      79
       1 month ago

      Yeah I guess they kind of do take the "share" out of "rideshares" don't they... But I doubt regulators will care. The whole idea of medallions is dead.

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      JavierX
      190 Driver
       1 month ago

       I was thinking more like, "...until it drives over someone."  Oh, that already happened? Ha!

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    babarett
    183 Rider
     1 month ago

    I would much rather flying cars than self driving cars.

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      bombazine
      79
       1 month ago

      Well we're never gonna have human-piloted flying cars. That would be a disaster. But maybe we'll have self-flying flying cars. To be honest I think that sounds safer in some ways than self-driving cars. Fewer obstacles in the air... Less unpredictability.