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  #281  
Old Posted May 14, 2019, 4:47 PM
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Uber’s stock plunges for a second straight day

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Uber's stock fell 7.6 percent on Friday, its first day as a publicly traded firm. The bloodbath continued on Monday, with Uber's stock price falling by an additional 10.7 percent.

It's a sobering moment for the ride-hailing company. As recently as last October, some Wall Street banks were estimating that the company could be valued as high as $120 billion. At Monday's closing price of $37.10, Uber is worth barely half that, at $62 billion. (The company is worth around $68 billion on a "fully diluted" basis, which counts stock options and other assets that could eventually be converted into shares.)

Monday wasn't a good day for the broader stock market either, but the Standard & Poor's 500 fell a comparatively modest 2.4 percent.

Uber's top American competitor, Lyft, fell 5.7 percent, valuing the company as a whole at $13.8 billion. The company's stock has lost a third of its value since its March IPO.

Uber has never made an annual profit, and in recent quarters, the company has been losing more than $1 billion per quarter. The company has justified those losses by pointing to its rapid growth. Some of those losses have reflected efforts to expand into new markets as well as aggressive research and development spending.

Until recently, investors seemed to be happy to continue covering Uber's losses in hopes of owning what they hoped would be a hugely profitable technology company. Indeed, Uber raised $8.1 billion in extra cash in its initial public offering—a sum that will last the company about two years at its current burn rate. But Wall Street's patience won't last forever. Uber CEO Dara Khosrowshahi is going to face growing pressure to make good on Uber's long-promised path to profitability.

Lyft is in a similar predicament. It's a significantly smaller company, so its market capitalization, losses, and cash cushion are all proportionately smaller. But like Uber, Lyft has seen mounting losses along with rapidly expanding revenue. And before too long, the company needs to demonstrate that it can turn a profit.
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  #282  
Old Posted May 14, 2019, 8:40 PM
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Originally Posted by logan5 View Post
For the vast majority of Metro Vancouver you need only increase road capacity by 20% to supplant buses. An easy task for autonomous vehicles that can travel closer together.
I'm guessing that you're thinking something like this: 20% of commuting trips are done by transit so all we have to do is to increase road capacity by 20% through automation to break even. But you're making two mistakes here:

First of all, transit + vehicle trips don't add up to 100% because about 20% of the total are walking and cycling trips. So the share of transit trips that use road lanes is more like 25%.

The second, much more blatant error, is in assuming that road capacity is proportioned by the number of people. Not true:



If you move people out of buses and into autonomous cars, the amount of road space that they consume is going to explode by several hundred percent. There's no way to make that work, period.

Buses are still going to be with us in an autonomous world, and they'll be autonomous too.
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  #283  
Old Posted May 14, 2019, 11:49 PM
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Originally Posted by aberdeen5698 View Post
I'm guessing that you're thinking something like this: 20% of commuting trips are done by transit so all we have to do is to increase road capacity by 20% through automation to break even. But you're making two mistakes here:

First of all, transit + vehicle trips don't add up to 100% because about 20% of the total are walking and cycling trips. So the share of transit trips that use road lanes is more like 25%.

The second, much more blatant error, is in assuming that road capacity is proportioned by the number of people.

If you move people out of buses and into autonomous cars, the amount of road space that they consume is going to explode by several hundred percent. There's no way to make that work, period.

Buses are still going to be with us in an autonomous world, and they'll be autonomous too.
That picture is flat out misleading. The passenger load will be spread out evenly across the city.

Let's isolate a driverless car service scenario down to one route, say the 3 Main, which is one of the busiest routes in Metro Vancouver. The driverless cars will only operate along the same route that the 3 Main covers.

During rush hour there are 9 buses operating north bound during the afternoon rush. The peak load for 1 bus during the afternoon rush is 111 boardings per hour, so we calculate how many driverless vehicles it would take to shuttle 111 people in 1 hour. I'm going with 11. That means 10 passengers per hour for 1 driverless car. That's easily doable because there is high turn-over along this route. People getting on dt, then getting off at Skytrain. People getting on at Skytrain will be getting off at Broadway etc.

Then we multiply the number of driverless vehicles by 9 to match the capacity of the buses on this route. That comes to 99 driveless vehicles, vs the 9 buses.

So now we have to fit 99 vehicles over 10 km, but to be fair when we are talking about road space we have to take into consideration how much road space is gained when we take those 9 buses off the road.

An articulated bus (which are run on Main St) is 60 feet long. A sub compact car is 10 feet long, so in the space of 1 articulated bus you can fit 2 driverless vehicles. That leaves a 40 foot distance between the 2 cars. That's plenty during rush hour. The space that buses take on the road is equivalent to 18 driverless vehicles (2 x 9 buses). That leaves 88 cars we have make room for over a 10 km stretch. That averages out to 1 car every 113 meters, or about 1 car every block. There's going to be more demand in the busier areas around the Skytrain station and the B-Line stop, but where buses once dominated the curb lane in the more congested areas, driverless cars could now take advantage of. Once buses are gone, there will be increased capacity in the curb lane.

The bus routes outside of the core of the city are less busy, and once you get out to Surrey there are routes that are far less busy. than the inner city routes. Once the less busy routes are running almost empty most of the day, Translink is going to have to shut them down, and then make some serious decisions on how they run transit city wide.
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  #284  
Old Posted May 15, 2019, 12:36 AM
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I wonder if having to get a Class 4 would help catch these embarassing incidents:

He's accused of war crimes and torture. Uber and Lyft approved him to drive.
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  #285  
Old Posted May 15, 2019, 12:38 AM
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Originally Posted by aberdeen5698 View Post
I'm guessing that you're thinking something like this: 20% of commuting trips are done by transit so all we have to do is to increase road capacity by 20% through automation to break even. But you're making two mistakes here:

First of all, transit + vehicle trips don't add up to 100% because about 20% of the total are walking and cycling trips. So the share of transit trips that use road lanes is more like 25%.

The second, much more blatant error, is in assuming that road capacity is proportioned by the number of people. Not true:



If you move people out of buses and into autonomous cars, the amount of road space that they consume is going to explode by several hundred percent. There's no way to make that work, period.

Buses are still going to be with us in an autonomous world, and they'll be autonomous too.
Yeah sure , until an autonomous bus runs somebody over and politicians run for cover and throw that technology, uh, under the bus.
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  #286  
Old Posted May 15, 2019, 3:54 AM
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Originally Posted by logan5 View Post
That picture is flat out misleading. The passenger load will be spread out evenly across the city.

Let's isolate a driverless car service scenario down to one route, say the 3 Main, which is one of the busiest routes in Metro Vancouver. The driverless cars will only operate along the same route that the 3 Main covers.

During rush hour there are 9 buses operating north bound during the afternoon rush. The peak load for 1 bus during the afternoon rush is 111 boardings per hour, so we calculate how many driverless vehicles it would take to shuttle 111 people in 1 hour. I'm going with 11. That means 10 passengers per hour for 1 driverless car. That's easily doable because there is high turn-over along this route. People getting on dt, then getting off at Skytrain. People getting on at Skytrain will be getting off at Broadway etc.

Then we multiply the number of driverless vehicles by 9 to match the capacity of the buses on this route. That comes to 99 driveless vehicles, vs the 9 buses.

So now we have to fit 99 vehicles over 10 km, but to be fair when we are talking about road space we have to take into consideration how much road space is gained when we take those 9 buses off the road.

An articulated bus (which are run on Main St) is 60 feet long. A sub compact car is 10 feet long, so in the space of 1 articulated bus you can fit 2 driverless vehicles. That leaves a 40 foot distance between the 2 cars. That's plenty during rush hour. The space that buses take on the road is equivalent to 18 driverless vehicles (2 x 9 buses). That leaves 88 cars we have make room for over a 10 km stretch. That averages out to 1 car every 113 meters, or about 1 car every block. There's going to be more demand in the busier areas around the Skytrain station and the B-Line stop, but where buses once dominated the curb lane in the more congested areas, driverless cars could now take advantage of. Once buses are gone, there will be increased capacity in the curb lane.

The bus routes outside of the core of the city are less busy, and once you get out to Surrey there are routes that are far less busy. than the inner city routes. Once the less busy routes are running almost empty most of the day, Translink is going to have to shut them down, and then make some serious decisions on how they run transit city wide.
The graphic is right on the money. Self-driving or not, a car is still just a car.

You appear to be assuming that those 88 cars will be able to serve all the passengers on the #3, and that they will be the only cars on Main. Rather, an average load of 30 passengers per bus means eight cars to replace one bus, not two, and they'll have to share Main with all the other self-driving cars that present-day drivers have now adopted. Right now "only" about 70% of the city gets around by car, or about 1.7 million people - how will the roads look if another 490 thousand people decide to join them?
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  #287  
Old Posted May 15, 2019, 2:31 PM
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Originally Posted by Migrant_Coconut View Post
The graphic is right on the money. Self-driving or not, a car is still just a car.

You appear to be assuming that those 88 cars will be able to serve all the passengers on the #3, and that they will be the only cars on Main. Rather, an average load of 30 passengers per bus means eight cars to replace one bus, not two, and they'll have to share Main with all the other self-driving cars that present-day drivers have now adopted. Right now "only" about 70% of the city gets around by car, or about 1.7 million people - how will the roads look if another 490 thousand people decide to join them?
You call it a car I call it a capsule that moves people. Capsules can be linked, stacked, de linked, in stacked - they can be the size of trains or the size of buses or the size of a coffin. Whata the difference between a skytrain and a single person capsule on the street? Nothing. They are the same serving different demand requirements.
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  #288  
Old Posted May 15, 2019, 4:40 PM
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Originally Posted by cornholio View Post
You call it a car I call it a capsule that moves people. Capsules can be linked, stacked, de linked, in stacked - they can be the size of trains or the size of buses or the size of a coffin. Whata the difference between a skytrain and a single person capsule on the street? Nothing. They are the same serving different demand requirements.
Since you're the one making the assertion: what's the size difference between 532 of these autonomous capsules (which might stand some chance of being reality in 30 years) vs a Mk III SkyTrain train which are currently carrying people?
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  #289  
Old Posted May 15, 2019, 8:38 PM
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Since you're the one making the assertion: what's the size difference between 532 of these autonomous capsules (which might stand some chance of being reality in 30 years) vs a Mk III SkyTrain train which are currently carrying people?
That's exactly what I say every time I see news of a self-driving vehicle "convoy:" yeah, that's a friggin' train. Exactly why are we excited over Silicon Valley deciding to reinvent the wheel?
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  #290  
Old Posted May 17, 2019, 3:22 PM
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Originally Posted by Migrant_Coconut View Post
That's exactly what I say every time I see news of a self-driving vehicle "convoy:" yeah, that's a friggin' train.
Well, on the plus side it's a train whose composition can be dynamically formed in real time by people coming from various origin points and then be decomposed when they branch off to various destinations.

On the minus side, you've got an entire friggin' vehicle and all of its associated manufacturing, operation and maintenance costs, as well as its space requirements, for every. single. person. That's what rebuts anyone who thinks that the need for mass transit is going to somehow disappear.
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  #291  
Old Posted May 23, 2019, 10:34 PM
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https://www.vancourier.com/ndp-creating-...-alleges-b-c-taxi-association-1.23831979

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NDP creating Lower Mainland taxi monopoly, alleges B.C. Taxi Association
Government heading toward one-company ride hailing despite objections, documents show The B.C. Taxi Association has accused the provincial government of helping the Vancouver Taxi Association create a monopoly in the Lower Mainland with the bulk of new licences possibly winding up with one ridesharing company, government documents show.

The association’s Gurdip Sahota told Transportation and Infrastructure Minister Clare Trevena Sept 7 that allowing Surrey-based company Kater to have multiple new taxi licences through multiple taxi companies is a cause for deep concern.
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  #292  
Old Posted May 23, 2019, 11:38 PM
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Since all this started, what have the taxi companies done that would be seen as "responding" to ride-hailing coming in, other than whine and complain? They all have shitty apps, shitty dispatchers, and shitty drivers, and that hasn't changed at all.

I don't like Uber as a company, but I can't wait for them (or Lyft) to come in and blow these luddites out of the water.
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  #293  
Old Posted May 24, 2019, 3:03 AM
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Originally Posted by CanSpice View Post
Since all this started, what have the taxi companies done that would be seen as "responding" to ride-hailing coming in, other than whine and complain? They all have shitty apps, shitty dispatchers, and shitty drivers, and that hasn't changed at all.

I don't like Uber as a company, but I can't wait for them (or Lyft) to come in and blow these luddites out of the water.
Don't get me started; I worked at a major tourist attraction in Vancouver, and getting taxi's for customers is an absolute nightmare. Almost invariably, I recommend people take the bus instead of putting up with a 1+ hour wait for a taxi on a bloody Tuesday mid-afternoon... plus the rude and unpleasant drivers, the 'don't care' attitude of the dispatchers and customer service.
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  #294  
Old Posted May 24, 2019, 4:02 AM
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Originally Posted by CanSpice View Post
Since all this started, what have the taxi companies done that would be seen as "responding" to ride-hailing coming in, other than whine and complain? They all have shitty apps, shitty dispatchers, and shitty drivers, and that hasn't changed at all.

I don't like Uber as a company, but I can't wait for them (or Lyft) to come in and blow these luddites out of the water.
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Originally Posted by WestCoastEcho View Post
Don't get me started; I worked at a major tourist attraction in Vancouver, and getting taxi's for customers is an absolute nightmare. Almost invariably, I recommend people take the bus instead of putting up with a 1+ hour wait for a taxi on a bloody Tuesday mid-afternoon... plus the rude and unpleasant drivers, the 'don't care' attitude of the dispatchers and customer service.
This, and this. IMO most Vancouverites aren't so much pro-Uber as anti-Yellow Cab.
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  #295  
Old Posted May 24, 2019, 6:17 AM
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A youtube video of GM's driverless vehicle maneuvering through the challenging streets of San Francisco.


Video Link
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  #296  
Old Posted May 24, 2019, 8:23 PM
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A youtube video of GM's driverless vehicle maneuvering through the challenging streets of San Francisco.
That's very impressive.

Remind me never to drive in San Francisco...
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  #297  
Old Posted Jun 20, 2019, 5:36 PM
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Lime is planning to bring electric scooter sharing to Vancouver. Lime has a dockless system, which means you can drop your scooter off anywhere instead of having to go to a specified docking station like you do with Mobi Bikes. A way more convenient system. It costs 30 cents a minute. That's only 2 cents cheaper than Car2go, but you would be able to maneuver through traffic much quicker.


https://dailyhive.com/vancouver/lime-electric-scooter-share-vancouver-expansion-june-2019

It would nice if Lime or somebody else could bring their dockless bike sharing to the the City of Vancouver. Not only would it be more convenient than Mobi, it would be way cheaper. Mobi makes you pay for a 24 hour pass for 12 dollars, even if you only need the bike for a 1/2 hour, vs $1 per 1/2 hour for U-Bicycle, which operates in Victoria.

It's getting easier and easier to go without a car in Vancouver.
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  #298  
Old Posted Jun 20, 2019, 6:59 PM
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Kind of hoping Uber and Lyft finally go under or the NDP legit doesn't bring them in just these damn millenials who love Uber for some reason finally shut up.
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  #299  
Old Posted Jun 20, 2019, 9:53 PM
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Potentially great news, but the "dockless" part should be raising a bunch of red flags - they can very quickly become a nuisance.
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  #300  
Old Posted Jun 21, 2019, 3:30 AM
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Quote:
Originally Posted by logan5 View Post
Lime is planning to bring electric scooter sharing to Vancouver. Lime has a dockless system, which means you can drop your scooter off anywhere instead of having to go to a specified docking station like you do with Mobi Bikes. A way more convenient system. It costs 30 cents a minute. That's only 2 cents cheaper than Car2go, but you would be able to maneuver through traffic much quicker.


https://dailyhive.com/vancouver/lime-electric-scooter-share-vancouver-expansion-june-2019

It would nice if Lime or somebody else could bring their dockless bike sharing to the the City of Vancouver. Not only would it be more convenient than Mobi, it would be way cheaper. Mobi makes you pay for a 24 hour pass for 12 dollars, even if you only need the bike for a 1/2 hour, vs $1 per 1/2 hour for U-Bicycle, which operates in Victoria.

It's getting easier and easier to go without a car in Vancouver.
weird,

Banned in B.C.: Riding an e-scooter could cost you $600
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