Driverless autos, trucks, taxis etc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Driverless autos, trucks, taxis etc.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slacker711 who wrote (209)	3/18/2018 11:06:24 PM
From: Sam	of 567

I don't think it is going to happen in the next, say, 2 or even 3 years. And I don't think that Mr. Market looks ahead that far. Heck, we even had Buffet claiming to be interested in buying an airline. Personally, I still own Delta and Southwest, have owned them for several years now. I expect to own them for at least another year, although I would sell if it looks like the economy is going to take a dive. I don't think driverless cars will affect them for awhile. But they might well affect them at some point. These things will affect a lot of parts of the economy negatively. A large number of people make their living driving, from trucks to taxis to delivery services and more recently to Uber and Lyft. Many of them will be out of jobs. And what about the insurance industry? They will have to lay off a lot of people due to shrinking and/or disappearing premiums. How will they make money? What have they been trained to do? How will they be retrained? The disruption will be huge. Pizza places may say, oh good we'll cut our delivery costs. Well, the number of customers they have might also be cut as people won't be able to eat out. Like the internet, it isn't an unalloyed positive thing. At all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next