Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate • Hacker News Board

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#11

Post by sdflkd » Tue, Apr 25, 2017, 7:39 PM UTC

chronic940 wrote: post #8

CaliforniaKarl wrote: post #7

Something about this headline interests me, along with the title that appears here on HN: Article: "Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate" HN: "Ubser rivals consolidating: Gett to buy Juno for $250M" I wonder if the HN headline is as-submitted or mod-ified. The latter title leans much more on the Uber link, while TC's headline puts it at the end. If we didn't have all of Uber scandal…

Very few people on HN actually care about the Uber scandals. Almost no one has changed their daily behavior. They all still use Uber. It's exactly how Trump won the US election. A small group of people spread the idea Uber is doing poorly when in reality they're not.

HN is full of the relatively privileged/wealthy. They don't need to care in their eyes.

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#12

Post by WellDressed » Tue, Apr 25, 2017, 7:43 PM UTC

yeukhon wrote: post #9

I prefer Gett for long commute. It gives you a firm quote so if your Uber/Lyft/Juno driver messed up enroute or there's a traffic, you don't pay the extra. From a user's perspective, this saves me money. I would take Gett to Barclay Center knowing Uber and Lyft would charge me high premium after game. Or trip from Manhattan back to Queens. There's also an option to make extra stop which is nice! Gett cars are the reg…

Living in NYC also, I use Gett mostly and sometimes Juno (due to 30% off limited time promotion). I always ask drivers which service they like. Many do not like Uber or Lyft due to the % they take, compared to Gett/Juno.

Also, I found it interesting that nearly all drivers have multiple cell phones logged into separate services, sometimes Gett and Juno! I wonder what the percentage of drivers Gett will be picking up that were already Juno drivers.

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#13

Post by avip » Tue, Apr 25, 2017, 7:46 PM UTC

The headlines I see in Hebrew (both Gett and Juno's founders are Israelis) are somewhat more low-key: the undisclosed price tag is estimated at "few tens of millions", to be paid in shares of privately held Gett.

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#14

Post by tyingq » Tue, Apr 25, 2017, 7:56 PM UTC

chronic940 wrote: post #8

CaliforniaKarl wrote: post #7

Something about this headline interests me, along with the title that appears here on HN: Article: "Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate" HN: "Ubser rivals consolidating: Gett to buy Juno for $250M" I wonder if the HN headline is as-submitted or mod-ified. The latter title leans much more on the Uber link, while TC's headline puts it at the end. If we didn't have all of Uber scandal…

Very few people on HN actually care about the Uber scandals. Almost no one has changed their daily behavior. They all still use Uber. It's exactly how Trump won the US election. A small group of people spread the idea Uber is doing poorly when in reality they're not.

I'm skeptical about the business model in general, not related to any recent scandal.

The leaked financials[1] seem to indicate it's a losing proposition until self driving cars are relatively ubiquitous.

So whenever it does become financially viable, there's a pretty long payback cycle. And no obvious iron clad moat that keeps competitors at bay...ones that aren't under pressure to pay back investors for years of subsidized prices.

Of course, the leaked data is incomplete, and using unusual accounting, so perhaps I'm wrong.

[1] http://gawker.com/here-are-the-internal-documents-that-prove... and http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#15

Post by peternicky » Tue, Apr 25, 2017, 8:04 PM UTC

Been using Gett in NYC with excellent results. Car availability is hard to beat, even during peak hours and the special flat $10 rate in manhattan is quite the deal. Never tried Juno but will check it out.

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#16

Post by [deleted] » Tue, Apr 25, 2017, 8:06 PM UTC

sdflkd wrote: post #11

chronic940 wrote: post #8

Earlier quoted context omitted.

Very few people on HN actually care about the Uber scandals. Almost no one has changed their daily behavior. They all still use Uber. It's exactly how Trump won the US election. A small group of people spread the idea Uber is doing poorly when in reality they're not.

HN is full of the relatively privileged/wealthy. They don't need to care in their eyes.

[deleted]

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#17

Post by skdotdan » Tue, Apr 25, 2017, 8:09 PM UTC

Instead of burning cash by subsidizing travels, Uber could have just bought some competitors but still... The only chance Uber has is becoming a monopoly, and I don't see how they can achieve it.

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#18

Post by coleca » Tue, Apr 25, 2017, 8:13 PM UTC

Am I the only one that was wondering why the dialup ISP Juno.com was considered a rival to Uber? Guess it's a different Juno..

TIL Juno.com still offers dial-up for $15.95/mo. Gone are the days of free dial-up with obnoxious banner ads.

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#19

Post by notyourwork » Tue, Apr 25, 2017, 8:19 PM UTC

skdotdan wrote: post #17

Instead of burning cash by subsidizing travels, Uber could have just bought some competitors but still... The only chance Uber has is becoming a monopoly, and I don't see how they can achieve it.

Why do they need to be a monopoly to succeed? I personally dislike Uber based on all the latest PR but what if they actually achieve a self driving car? If so, this would change the business entirely because no more contractor's to pay.

Do you think if one company has self driving cars and the rest don't this is a competitive advantage? Perhaps they license the self driving car software to other companies which also presents revenue options.

Re: Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

#20

Post by user5994461 » Tue, Apr 25, 2017, 8:24 PM UTC

tyingq wrote: post #14

chronic940 wrote: post #8

Earlier quoted context omitted.

Very few people on HN actually care about the Uber scandals. Almost no one has changed their daily behavior. They all still use Uber. It's exactly how Trump won the US election. A small group of people spread the idea Uber is doing poorly when in reality they're not.

I'm skeptical about the business model in general, not related to any recent scandal. The leaked financials[1] seem to indicate it's a losing proposition until self driving cars are relatively ubiquitous. So whenever it does become financially viable, there's a pretty long payback cycle. And no obvious iron clad moat that keeps competitors at bay...ones that aren't under pressure to pay back investors for years of su…

Sounds good.

Revenues growing exponentially from 2012-2015. The revenues in 2015 were even higher than the predictions done 2 years earlier (that were actually planning for a steep exponential).

At this rate of growth. They should be making 1-2 billion in revenues per quarter now. Wish we had a recent leaked document.

That's a solid multi billion dollars business. Worse case scenario if they run out of subsidies: Stop distributing tons of incentive in unprofitable markets + fire half the staff (they have too many anyway) = back to positive.