Uber S-1
So... Let me see if I have this straight:<p>1. Uber is unprofitable and the only way it can become profitable is to get SDC's<p>2. Uber is significantly (years) behind Waymo in the SDC space.<p>3. Waymo will launch SDC taxi services first meaning:<p>- When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers<p>- It is going to be competing with other taxi/ride share services with all the cost advantages of SDC vehicles while its competitors are paying human drivers (and have basically no fat to cut from their current pricing)<p>- It will be able to improve its services so when someone else does launch their service will be inferior.<p>4. Uber expects that its users will stick to it over the course of years in the face of significantly cheaper competition.<p>5. Uber expects that it is going to be able to continue to use human drivers even while it competes against those same people with its SDC's (i.e. when your employer hires your replacement but expects you to train them).<p>I simply can't imagine how Uber is worth anything at the moment.