Reply to post: Re: I'm not sure I see how they get to profitability

What's that? Uber isn't actually worth $82bn? Reverse-gear IPO shows the gig (economy) is up

Charles 9 Silver badge

Re: I'm not sure I see how they get to profitability

"Internet docs show NY Taxis average 3.3 years in age and 70K miles per year - it seems unlikely robocars will have longer service lifetimes."

New York is also INFAMOUS for its rationing of the taxi medallions, to the point they're becoming Wall Street-class investments in and of themselves. Now, granted, New York (especially Manhattan) is in a dilemma: over 10 million residents, workers, etc. moving to and fro everyday, often in bad weather, and the trains don't cover the last mile. They have to play a very delicate balance between providing enough last-mile service for busy New Yorkers and not choking to death on their own traffic.

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