Co-incidentally, that's just over $1billion, the same amount of cash that Softbank are about to invest in Uber...
Still, interesting to see Uber actually spending money on something other than discounted taxi fares!
Interesting all right! these cars will place human drivers.
An analogy that you can relate to watty is back in the 90's the mobile networks were busy developing the market, network and products, so they used self employed or companies to sell the phones with generous commissions.
Once they were established they didn't need agents anymore and they took over the retail. hardly any independent phone retailers now.
Same thing happening in the taxi industry. once the automated vehicles are proven and accepted by governments, the apps will introduce automated taxis, replace drivers and control all of the revenue not just 12%.
All the more reason for a driver owned app that can compete and lead the taxi app market. if the tech is inevitable then the driver app can create partnerships with the automakers and secure their futures that way.