251–260 of 559 posts
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I'm surprised that Eats is doing more revenue than GrubHub and much more revenue than Caviar.
can you share the two numbers you are using for comparison? The Q4 numbers I see: Uber Eats: $165 million Grub Hub: $205 million* * https://investors.grubhub.com/investors/press-releases/press...
GrubHub's 2018 Revenue was 1.0B (https://investors.grubhub.com/investors/press-releases/press...)
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> It absolutely takes tremendous capital expenditure to build > the network. I always think some Uber drivers shall copy Uber and run a non-profit version of Uber to compete on pricing. What can prevent this?
Have you seen RideAustin? https://rideaustin.com
100B pump/dump is a scam. Think about all the indices-tracking-ETFs/Funds that will pick up this overpriced stock(our hard earned 401ks). Sigh. Silicon Valley should not have pumped up what was originally a good idea. This has a high chance of ending badly
So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…
I always felt SDC is the death of Uber. If you had 5 billion to invest in SDCs for a taxi service, why would you become a small investor in Uber, when you could probably build the app for $10 million and just roll your own? Also uber could become profitable if they charged more. I've actually started taking taxi's again, since they are marginally more expensive than Ubers/Lyfts. However, if you pick them up from an a…
But aren't SDCs currently something veeery remote (e.g. even Tesla cannot currently drive autonomously even on technically "simple streets" like highways) and especially only as long as no active offensive social behaviours start to emerge (e.g. gang menbers standing in the middle of the street to stop a SDC to rob/kidnap the occupant and/or destroy the car etc...)?
The cost of entry into this space is much greater than I think most people realize. It's not "building an app". It's building a balanced, efficient marketplace. This means complex matching, pricing and routing algorithms that have been developed for almost a decade. It's also about working with regulations at the city level and building a reliable labor force of contractors to supply the marketplace in every new city…
I disagree. http://www.rideaustin.com/ was launched in Austin a couple years ago when Uber and Lyft were temporarily kicked out of the city. The app had some growing pains but now I use them whenever I can in preference to Uber and Lyft because they pay their drivers more. If Uber and Lyft suddenly went away Ride could easily pop up all over. Of course, Uber and Lyft right now ARE so big because of all the advantages…
So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…
Uber vs Waymo will be inetersting for sure.
Just a brief scan and it looks much healthier and diversified than Lyft. Of course far from a perfect business or anything. Their revenue is 5X Lyft's revenue. Doesn't look good for Lyft's stock to be honest. I wouldn't be surprised if after their first earnings release, Lyft stock goes below 40 USD.
Really? The numbers look horrible to me. Both LYFT/UBER have horrible numbers. I would prefer LYFT(@80% discount to IPO price) than UBER(@80% discount to IPO price). Both of these stock valuations are being pumped and dumped onto public markets with clever tricks. Funny thing is, many of us won't even realize that some of our money will be invested in these stocks without our knowledge(ETFs/Funds tracking indices). M…
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Wow, that many people are ordering delivery McDonald's? Maybe McDonald's should start delivery services in some markets itself then?
They do. Google "mcdelivery" - it's all through south east asia.
Note: - Expected to be teh largest IPO this year in the US. - 10th largest all time - trying to raise around $10B - 2018 Year Ended Revenue $11.27 billion - 2018 Year Ended Net Income $997 million - 2017 Year End lost $4.03 billion. - 10 billion trips in September 2018, up from 5 billion in September 2017 - Gross Bookings From Ridesharing $41.5 billion in 2018 - Revenue From Ridesharing Products $9.2 Billion in 2018…
It's basically a 4B loss for 2018. The numbers all around are just unreal.
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It's not unreasonable, people do it all the time. Look at the window stickers in a rideshare, if they've got one they've got four, all around Seattle.
like i said it's reasonable to drive for all at different points in the past but it's unreasonable to drive for all 4 at the same time. Think about it, incentive-wise, if you complete 50 trips you got $x , if you complete 100 trips you got $2x. If you only got 50 trips in you, why are you splitting them between two apps 25 trips each and got $0 incentive?
So unless the incentives are massive, a driver will always look for the next ride by any means necessary. It's nearly never worth it to "wait for a better option".