Uber drivers can now lease cars through uber... But prices look insane!!

Those who bought cars from Uber, they ever thought about that after several months they are offered less assignments? Or assignments that no one wants? Can it be that at some point Uber wants drivers to fail? Perhaps near a year's end? Since Uber is screwing drivers on costs, it is like drivers are driving for free? And are the cars being offered from Uber or another company owned by those who own Uber? If Uber has to file bankruptcy, due to lawsuits, would other company that sells cars still be going strong?

I think we long way from having driverless cars especially taxis, can you imagine former taxis drivers buying jammers to cause accidents or make door locks unable to open, drop people off in Harlem or south side of Chicago at 2am? Transgenders dropped off at Biker's bars.
 
Uber soon could be driving an IPO
In addition to its recent move to sell its China business for $1 billion, Uber is also likely on the verge of watching its revenue growth slow. Because Uber shareholders want to grab the highest price for the company, Uber would be more inclined to make an initial public offering before growthslows too much.(Wall Street Journal)
 
dealmaker said:
Uber drivers brood over timeouts
Uber is reportedly locking drivers out of its system for up to 15 minutes every time they refuse a request to pick up a rider. Drivers generally have been reluctant to pick up passengers via UberPOOL, which operates like a carpool, because ithurts their ratingsand doesn't necessarily pay more.(CNN)
More...

From the article...

"The pay is not worth it," said Eric Roberts, who has driven for Uber on and off in San Francisco the last two years. "You're constantly running around putting wear and tear on your vehicle for small fares."

It also mentions another possible piece of evidence that Uber drivers are being treated more like employees rather than independent contractors.

Uber needs to get that IPO roadshow going soon, there's a lot of suckers who will gladly buy the opening pop after early investors cash in their chips!
 
Uber will test self-driving cars in Pittsburg (with a human backup, just in case, lol!)

https://www.yahoo.com/news/uber-autonomous-cars-haul-people-125127470.html?ref=gs

"We've got to be laser-focused on getting this to market, because it's not a side project for us," he said. "This is everything. This is all the marbles for Uber."

Indeed, once the model becomes the prevailing method of ride sharing, Uber will no longer require drivers and keep the entire stake. This has always been the focus for their business model. The drivers are helping to build the Uber empire, one rider at a time.

At least those on the Uber Xchange will no longer have to pay the $800/month for their lease on a Chevy Cruze. :)
 
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