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Earlier quoted context omitted.
A taxi to the airport in Melbourne was >AUD100 from where I am more than 10 years ago. An Uber is ~AUD70 still, past all the subsidies.
Yes but what’s a taxi to the airport cost now? Otherwise the comparison doesn’t mean much.
The rumor is that this is becoming politically sensitive, so the US DoW is turning things over to none other than Erik Prince (Blackwater, Xe, etc).
Nigeria is an important source of minerals, for example: lithium.
Africa is being hotly contested right now between ISIS, the US / West, China, and state-local political factions.
Earlier quoted context omitted.
taxis “weren’t competitive” when Uber rides were heavily subsidized and Uber was burning billions. I ride taxi now exclusively because it is almost always cheaper than Uber
A taxi to the airport in Melbourne was >AUD100 from where I am more than 10 years ago. An Uber is ~AUD70 still, past all the subsidies.
Total cost: $AU2.85
Takes FOREVER though :)
US SOCOM also just pulled out of Nigeria. The rumor is that this is becoming politically sensitive, so the US DoW is turning things over to none other than Erik Prince (Blackwater, Xe, etc). Nigeria is an important source of minerals, for example: lithium. Africa is being hotly contested right now between ISIS, the US / West, China, and state-local political factions.
US SOCOM also just pulled out of Nigeria. The rumor is that this is becoming politically sensitive, so the US DoW is turning things over to none other than Erik Prince (Blackwater, Xe, etc). Nigeria is an important source of minerals, for example: lithium. Africa is being hotly contested right now between ISIS, the US / West, China, and state-local political factions.
has Uber had a positive ROI on the billions invested in it? I am pretty sure the return on the preferred price from the late rounds 10 years ago is basically zero. Net income has always been negative or close to zero. From a consumer perspective, in late stage cities, uber rides are the same or more expensive than old taxis, and the quality of vehicles is lower. what was it all worth?
at $156B market cap someone sure is making money. I've no say in the manner in which they ran/run their business but judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
Makes sense, Uber's 30-50% cut is far too much. How can they compete with inDrive which only takes 10%. And on inDrive you set your own fare. Rides are 20-40% cheaper elsewhere, why would anyone pay extra for Uber?
I would pay extra because I don't want the cognitive load of haggling on the cost. When I want/need A ride, it's because I'm either overloaded, away from home, or drunk. These are three times that I didn't want to bother with any more nonsense.
According to some people on X, they shut down immediately, while rides were still active. Sounds like an unplanned (and quite crazy) action. https://x.com/gergelyorosz/status/2095256757178188113
Earlier quoted context omitted.
at $156B market cap someone sure is making money. I've no say in the manner in which they ran/run their business but judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
thank for your lovely ad-homenim and downvote. truely a thoughtful intellectual debate on the merits of the premise.
Im trying to say it doesn’t matter what we plebs think about these massive entities. Maybe it should but if we’re talking creating (economic) value, they clearly are.