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lhorie | 2 years ago

That's exactly right. Uber self driving was burning through the tune of billions of dollars a year when covid reduced revenue by the tune of 70%. Not exactly sustainable w/ only a few billion dollars of cash on hand.

As terrible as a pedestrian death is, the reality is there's news about Tesla accidents and near-accidents on the news all the time and people still love the brand. Sometimes it's easy to forget that Uber/Amazon/M$/etc hating is not as widespread in the general population as it is among tech bros.

As for Otto, my understanding is Uber pivoted similarly on the freight side, with a partnership w/ Volvo Autonomous Solutions.

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