Ride-hailing’s NYC dominance, and the impact of DeleteUber
toddwschneider.com
Ride-hailing’s NYC dominance, and the impact of DeleteUber
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Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#2This is one of the more interesting things that I learned from the article:
"Uber’s share of all ride-hailing trips has generally declined since 2015 as more competitors entered the NYC market, even as its total number of trips has increased dramatically."
That would have me worried, if I was an investor in Uber.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#3This is one of the more interesting things that I learned from the article: " Uber’s share of all ride-hailing trips has generally declined since 2015 as more competitors entered the NYC market, even as its total number of trips has increased dramatically. " That would have me worried, if I was an investor in Uber.
I think in general investors are aware that Uber will need self driving cars to stay relevant.
Transportation is going to become a monthly flat rate like a cable bill for local travel via autonomous vehicles and the winners will be the companies that own the fleets and get to charge the tolls.
Owning your own car will be a luxury item.
Owning a gasoline powered car will be an extremely niche luxury item.
Obviously this won’t happen tomorrow but it’s not hard to see the parallels to the horse and buggy industry in this transition.
New players will emerge to be the big names in this new industry and Uber investors hope it will be one of the winners.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#4This is one of the more interesting things that I learned from the article: " Uber’s share of all ride-hailing trips has generally declined since 2015 as more competitors entered the NYC market, even as its total number of trips has increased dramatically. " That would have me worried, if I was an investor in Uber.
There are plenty of reasons to worry if you're an investor in Uber but (IMHO) this isn't one of them.
NYC is big. Really big (like space). It can support a number of wannabes. But you need a certain number of drivers to be able to serve users and the value of Uber is in the areas where you can't support half a dozen wannabes.
For example, I was in Australia recently and discovered that not even Lyft works there (in Perth anyway). This is in a city approaching 2M population and is very much a developed nation (well, except for the Internet).
Think about that: that's a ton of people who are being trained to use Uber. When they travel do you think they're going to pick up whatever the local ride-hailing wannabe app is for some specific city? No.
Uber has a whole bunch of problems but it's clearly a valuable brand at this point.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#5This is one of the more interesting things that I learned from the article: " Uber’s share of all ride-hailing trips has generally declined since 2015 as more competitors entered the NYC market, even as its total number of trips has increased dramatically. " That would have me worried, if I was an investor in Uber.
I think in general investors are aware that Uber will need self driving cars to stay relevant. Transportation is going to become a monthly flat rate like a cable bill for local travel via autonomous vehicles and the winners will be the companies that own the fleets and get to charge the tolls. Owning your own car will be a luxury item. Owning a gasoline powered car will be an extremely niche luxury item. Obviously th…
>I think in general investors are aware that Uber will need self driving cars to stay relevant.
Uber won't have self-driving cars for many years. There's no reason to be long on Uber with everything that's happened to it. Especially if Lyft goes public.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#6In NYC, Juno is cheaper in most circumstances, and you get better drivers. Otherwise, Via or Lyft. There are so many options instead of cludgey old Uber.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#77 years ago you'd have to jump into a yellow cab before telling the rider if you were going from Manhattan to Brooklyn or Brooklyn to Brooklyn. If you told them before you got in, they'd speed off.
You used to have to walk to arterial roads in hopes of finding a yellow cab (in the outer boroughs). That is if you lived in neighborhoods that the article points out now skews towards Lyft. Well to do, post gentrification areas. If you didn't live in those neighborhoods, forget finding a yellow cab.
If you didn't find a yellow cab, you call a car service like Arecibo or Eastern. You say "73 Atlantic Ave, at Hicks st.", they say "10 minutes" and hang up. 25 minutes later a beat up town car with an illegal tint job pulls up, and you walk to the passenger door and knock on the window, or, if the window no longer works, open the rear passenger door -- but you don't get in. Instead you say the neighborhood you are going and the guy sort of waffles and says... 20. You say, forget it and go to close the door (but you don't), he says 18. You say 12, he says 15. You get in the car. Last week you paid 10 for the same ride.
The last time I called an UberT, a few years ago, the green taxi pulled up and someone ran over and threatened to fight me since they'd hailed the cab first. That's the last time I messed around with the old way of doing things and it sounds like a lot of New Yorkers feel the same way.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#8In NYC, Juno is cheaper in most circumstances, and you get better drivers. Otherwise, Via or Lyft. There are so many options instead of cludgey old Uber.
Thankfully, Uber exists. Otherwise I'd have to download and register on all sorts of dinky city-specific apps any time I travel.
Uber, for all of its faults, is the only one that works in every city I've traveled to.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#9This is one of the more interesting things that I learned from the article: " Uber’s share of all ride-hailing trips has generally declined since 2015 as more competitors entered the NYC market, even as its total number of trips has increased dramatically. " That would have me worried, if I was an investor in Uber.
There are plenty of reasons to worry if you're an investor in Uber but (IMHO) this isn't one of them. NYC is big. Really big (like space). It can support a number of wannabes. But you need a certain number of drivers to be able to serve users and the value of Uber is in the areas where you can't support half a dozen wannabes. For example, I was in Australia recently and discovered that not even Lyft works there (in P…
> Think about that: that's a ton of people who are being trained to use Uber.
Well, they're also being trained to use ridesharing generally. It's pretty low friction to move from Uber to Lyft or another competitor. Think of all the other entry points into that market, like Google or Apple Maps (or any other mapping company) for instance. Once autonomous transportation arrives it also moves from an opex to a capex problem, and that changes the barriers to entry, the headwinds to critical mass, and the competitive landscape significantly.
Re: Ride-hailing’s NYC dominance, and the impact of DeleteUber
#10This is one of the more interesting things that I learned from the article: " Uber’s share of all ride-hailing trips has generally declined since 2015 as more competitors entered the NYC market, even as its total number of trips has increased dramatically. " That would have me worried, if I was an investor in Uber.
I think in general investors are aware that Uber will need self driving cars to stay relevant. Transportation is going to become a monthly flat rate like a cable bill for local travel via autonomous vehicles and the winners will be the companies that own the fleets and get to charge the tolls. Owning your own car will be a luxury item. Owning a gasoline powered car will be an extremely niche luxury item. Obviously th…
While it seems inevitable, I really hope there's going to be a way to do all this without having to authenticate and link a name, credit card and cell phone. I really don't like the idea of not being to travel more than a few miles without being tracked, I hope enough people feel the same way.