Non-IT News Thread
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Mark Zuckerberg apologizes.... by newspaper?
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So the same thing they have been trying to do for the last decade? How is this proposal any different?
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@coliver said in Non-IT News Thread:
So the same thing they have been trying to do for the last decade? How is this proposal any different?
Different font?
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@nadnerb said in Non-IT News Thread:
@coliver said in Non-IT News Thread:
So the same thing they have been trying to do for the last decade? How is this proposal any different?
Different font?
Bonus points to them if they send it out in Comic Sans.
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@mlnews said in Non-IT News Thread:
Uber leaving markets such as SE Asia as they are losing $1bn a quarter.
I can't begin to understand how a business spends 1-billion a quarter for something as simple as ride-sharing. . .
What kind of opex is occurring here?!
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@dustinb3403 said in Non-IT News Thread:
@mlnews said in Non-IT News Thread:
Uber leaving markets such as SE Asia as they are losing $1bn a quarter.
I can't begin to understand how a business spends 1-billion a quarter for something as simple as ride-sharing. . .
What kind of opex is occurring here?!
Bribes most likely, but written down as something else.
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@kelly said in Non-IT News Thread:
@dustinb3403 said in Non-IT News Thread:
@mlnews said in Non-IT News Thread:
Uber leaving markets such as SE Asia as they are losing $1bn a quarter.
I can't begin to understand how a business spends 1-billion a quarter for something as simple as ride-sharing. . .
What kind of opex is occurring here?!
Bribes most likely, but written down as something else.
A quarter!? How literally how the hell could that be. . .
At some point you just place a guy in the captains seat after expending so much. . .
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@dustinb3403 said in Non-IT News Thread:
@mlnews said in Non-IT News Thread:
Uber leaving markets such as SE Asia as they are losing $1bn a quarter.
I can't begin to understand how a business spends 1-billion a quarter for something as simple as ride-sharing. . .
What kind of opex is occurring here?!
This is how businesses work. They get billions in investment, and then they spend that money to grow the business. It's expected that you will lose that money. If they weren't going to lose it, they'd not have made it in the first place.
It is an extremely rare business that can grow using only profits, because if they could, everyone would start zero risk, unlimited growth companies. This is where investments and risk come in.
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@dustinb3403 said in Non-IT News Thread:
@kelly said in Non-IT News Thread:
@dustinb3403 said in Non-IT News Thread:
@mlnews said in Non-IT News Thread:
Uber leaving markets such as SE Asia as they are losing $1bn a quarter.
I can't begin to understand how a business spends 1-billion a quarter for something as simple as ride-sharing. . .
What kind of opex is occurring here?!
Bribes most likely, but written down as something else.
A quarter!? How literally how the hell could that be. . .
At some point you just place a guy in the captains seat after expending so much. . .
That's a lot but not THAT much. Given the size and cost of Uber, it's not really all that much. Enough for them to worry, but not so much that it's crazy.
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Keep in mind that Uber currently earns $2.22 bn in the same period. So while losing $1bn is a big percentage, it's only so much. It's well within normal ranges of "what you spend to get bigger." If Uber doesn't expand, someone else will move into the markets where they want to operate.
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@scottalanmiller said in Non-IT News Thread:
@dustinb3403 said in Non-IT News Thread:
@mlnews said in Non-IT News Thread:
Uber leaving markets such as SE Asia as they are losing $1bn a quarter.
I can't begin to understand how a business spends 1-billion a quarter for something as simple as ride-sharing. . .
What kind of opex is occurring here?!
This is how businesses work. They get billions in investment, and then they spend that money to grow the business. It's expected that you will lose that money. If they weren't going to lose it, they'd not have made it in the first place.
It is an extremely rare business that can grow using only profits, because if they could, everyone would start zero risk, unlimited growth companies. This is where investments and risk come in.
I get start up risk and reward, but at this level? Uber and the others are simply ride-shares (cheap taxis so to speak). I just don't see how this level of spend, is in the realm of realistic for such a basic service.
Does every Uber include WiFi and drinks and companionship for each customer?!
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@dustinb3403 said in Non-IT News Thread:
@scottalanmiller said in Non-IT News Thread:
@dustinb3403 said in Non-IT News Thread:
@mlnews said in Non-IT News Thread:
Uber leaving markets such as SE Asia as they are losing $1bn a quarter.
I can't begin to understand how a business spends 1-billion a quarter for something as simple as ride-sharing. . .
What kind of opex is occurring here?!
This is how businesses work. They get billions in investment, and then they spend that money to grow the business. It's expected that you will lose that money. If they weren't going to lose it, they'd not have made it in the first place.
It is an extremely rare business that can grow using only profits, because if they could, everyone would start zero risk, unlimited growth companies. This is where investments and risk come in.
I get start up risk and reward, but at this level?
Less than 50% of revenue. That's not a high level.
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@dustinb3403 said in Non-IT News Thread:
Uber and the others are simply ride-shares (cheap taxis so to speak). I just don't see how this level of spend, is in the realm of realistic for such a basic service.
I think that there is a massive disconnect here. What Uber does is insanely expensive. The scale of the tech, infrastructure, legal, marketing, sales, training, local coordination needed, plus R&D... there is a reason no one else did this for so long. This is one insanely expensive business to be in. The costs of being in just a single city is staggering. The amount of licensing and other needs are just crazy.
Simple is the last thing you can use to describe Uber.
