Uber Cedes Russia to Yandex with $3.7B Merger Agreement
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Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#2Uber got itself into its own 'LeEco moment'
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#3If you can't beat em, join em.
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#4Uber got very dominant in market share in Moscow with all its subsidized rides. I paid 200USD for 30 rides! This is not sustainable...
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#5Uber got very dominant in market share in Moscow with all its subsidized rides. I paid 200USD for 30 rides! This is not sustainable...
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#6Uber got very dominant in market share in Moscow with all its subsidized rides. I paid 200USD for 30 rides! This is not sustainable...
You haven't seen their prices in T2 cities, it is like $1 per 5 to 6 kms. And they have the problem of "Uberists" - people who drive themselves around when Uber subsidizes rides. And they also have issue of botters who do the same, but at industrial scale (without actually driving themselves or anybody else of course)
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#7I have a feeling that they had not anticipated the level of the competition in Russia, where the cabs were such unbelievable scams that the locals had launched mobile-first services long before Uber entered the market.
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#8Seems like a smart move to me. Given the political situation, operating at scale in Russia is a liability anyway. Now they get some cash and a stake in the Russian controlled operation.
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#9Uber got very dominant in market share in Moscow with all its subsidized rides. I paid 200USD for 30 rides! This is not sustainable...
When I was in a small city outside Moscow I was paying $1.50 for a 1 min of a phone call and $1.40 for 10 mins cab ride. It was cheaper to take the cab and talk to someone than to make a call.
Re: Uber Cedes Russia to Yandex with $3.7B Merger Agreement
#10Maybe relevant: http://englishrussia.com/2017/05/31/russian-airport-taxi-dri...