I recently bet my friend who is supremely confident that United Airlines business will be significantly impacted due to the passenger incident. Thus far, it appears United is doing just fine[1], in fact they may be on pace for a blowout Q2 quarter. Money in the bank.
Moral of the story... These types of negative incidents (In my opinion I call it the constant outrage complex) rarely affects finance fundamentals of solid businesses. If you want to take a moral stand against Uber you are absolutely entitled to that and that is fine with me.
[1] https://www.thestreet.com/story/14125827/1/united-reports-7-...
Their only explanation for literally lighting billions of dollars in funds on fire to subsidize rides is supposedly to consolidate market share. If they don't have a defensible position and they lose money on every transaction what exactly do they have to show for it?
AFAIR they are not growing as fast as they were, and have been all but outlawed in many places already.
You're talking about a situation where a politician resigns to avoid being impeached or otherwise deposed.
That has basically zero to do with Uber and Lyft leaving Austin. We know exactly what laws Austin has (laws are not secret). And it's not like it's remotely unclear what happened: Uber and Lyft left in protest of the law requiring background checks for them. You could speculate that they were trying to strong-arm Austin into repealing that law, but it didn't work.
But there's zero reason to believe that they were secretly forced out, unlike the case with the politician, where the incentives are obvious.
Apples and oranges. Tesla is losing money because they are investing massive amounts of capital to improve their supply chain and production capabilities. Uber is losing money because they subsidize rides to try to push competitors out of business. Tesla is actually profitable. Uber? We don't know.
?? I think thats the wrong way to phrase this. Uber is loosing money as Uber and its competitors are giving a lot of incentives to drivers to win business. All of them are loosing money.
In effect, Uber is selling something at a lower cost than it buys, in order to acquire the market.
Figuratively. But even that's not true, since customers have saved real money and spent it elsewhere.
Their plan, as far as I can see, is to totally dominate the market. Once, and if that happens, they will raise their prices, and once again the little guy's money will be going in the pockets of the big guys.
Usage #2: https://www.merriam-webster.com/dictionary/literally
And I was invoking definition #1 there, in case that wasn't clear.
Not unlike "egregious" [1].
http://www.polysyllabic.com/?q=navigating/intro/prescriptive
http://www.etymonline.com/index.php?allowed_in_frame=0&searc...
Also, "sad" and "sated" aren't quite opposites but they're very different. Are you telling me you wouldn't be annoyed if people started talking about how sad they were at the end of a great meal?
("Objectively" is also being used as an intensifier in casual conversation, though I think always with a touch of irony... Good fun.)
Should literally be used for emphasis?
Sense 2 is common and not at all new but has been frequently criticized as an illogical misuse. It is pure hyperbole intended to gain emphasis, but it often appears in contexts where no additional emphasis is necessary.
United Airlines having a good Q2 quarters will not help Uber in any way escape the trial vs google or suddenly give them a profitable business model other than let's burn through investor money and conspire to get google technology to get rid of the drivers in the not so distant future.
The (non)availability of Lyft all over the world except one country. According to some quick googling, Uber exists in 80 countries without Lyft.
Which is why Uber wants to cut their dependence on drivers by using self driving cars. Then they will actually own something (the technology) in addition to the mindshare.
To kill the any future competition they jut need to start a global loyalty program.
I don't think uber (or lyft) will ever be totally dominant purely because of network effects. Passengers and (especially) drivers are mobile, and can switch services back and forward between apps. All you need to compete is a regional network. The global network is helpful on the margins, but an uber for Lisbon should work fine.
http://www.wired.co.uk/article/uber-track-location-data-upda...
A savings of $50 for a one way trip is definitely at the point where the "spying" is worth it for me.
Assuming you trust them.
Assuming you trust them.
Well, in my book that's exactly the rub.
I, for one, don't trust them at all.Pulling that extra effort to track Apple devices even after the app has been deleted and other shenagigans they pulled in violating their customer's privacy doesn't really help in the trust building department:
https://m.theregister.co.uk/2017/04/24/uber_cloaked_its_spyi...
But I agree with you in the general case, certainly.
[1]https://futuretravel.today/united-airlines-should-go-out-of-...
Could just be regional, not really sure? I feel like even with Uber's issues many drivers who do ride-sharing as a "job" won't want to just drop Uber as it may mean losing out on income (not sure if they can make up the loss with driving more for Lyft).
I'd say they would be one of the last places to transition.
As a passenger, I exclusively use Lyft.
The drivers I've talked to that just do it for a little extra cash overwhelmingly prefer Lyft. Most said it is because of the better pay but I've also heard more than once that Lyft customer's tend to be more well behaved in the car for whatever reason.
To be fair, this is all anecdotal and I usually prefer not making chit-chat but if the driver insist I always ask them their preference since the driver's always have an opinion that is interesting enough for the duration of the ride.
I have also heard this as well from lyft drivers and I am very curious as to why
Perhaps the people who value that sort of thing are better behaved? Or more likely, it's probably because the people who are willing to pay slightly more for a better experience are better behaved (like Walmart vs Target).
That also stand in contrast to exactly one two experiences with cabbies over ~25 years.
I conclude, based on my limited personal experience, that vetting drivers makes a noticeable difference in driver quality.
Edit: tips?
[1] https://www.bloomberg.com/news/articles/2017-04-28/china-s-d...
[2] https://www.wsj.com/articles/didi-chinas-uber-raises-5-5-bil...
Yeah, this is pretty key. If Uber's dominant position in the US is slipping but there's still a clear way for them to emerge on top globally and cash is the limiting concern, it seems likely they'll be able to continue subsidizing international expansion with more VC money.
PS: What convinced me to totally switch was this https://github.com/lyft/envoy, my way of saying thanks for the Lyft team.
When I first started using Lyft in 2014, there were many times when attempting to request a ride would return an error saying there are no nearby drivers, especially during rush hour (trying to get a ride at 8am was simply a no-go), and it wasn't uncommon for the nearest driver to be 20+ minutes away at various times of day. I actually heard a lot of drivers complain to me about how Lyft sends them pings from people ridiculously far away and saying that it would be better for all involved if Lyft didn't try to match people that far away and just returned an error instead.
Now? Neither of those situations have happened in recent memory. I can't remember the last time I got the "no drivers available" error, and at the absolute worst, I might get a driver 15 minutes away in the height of rush hour.
Edit: Forgot one more thing. I used to see drivers who had two phones for both Uber and Lyft all the time. Nowadays I don't see anyone doing that anymore.
Lyft is present in 300 cities in America.
Having IT people in SF using Lyft instead of Uber is only a tiny change.
Same goes with estimated cost of the ride. Uber tell me exactly how much I will have to pay while Lyft says $7-$12.
One more thing -- even though the press is hitting on Uber with lot of negative articles -- lot of this appears to be because those articles sell. Lot of the negativity seems exaggerated or seems to be the result of incomplete facts provided (for example, Mike Isaac on NYT said Uber uses Slice Intelligence to get aggregate anonymous data on market conditions; he did not mention that Lyft also does the same and that most companies have competitive intelligence teams. There are many other examples like this).
I like Uber that they went ahead and got cities to recognize the need for ride-sharing -- they were the first so they had to fight the regulations and entrenched taxi industry. In the end, that benefitted everyone - riders getting convenient, inexpensive rides, and drivers getting livelihood. Uber's competitors also benefited as the market was created by Uber already.
I was just trying to get an Uber the other day in a large city and I waited over an hour in the rain. The first N-1 drivers that accepted my request cancelled on me after 5 minutes.
Eventually, a driver picked me up. He didn't want to pick me up where I was, and had a very hard time communicating to me where he was. After some back and forth walks-100-ft-"Do you see me now?"-repeat for about 10 minutes, he asked me to just cancel the request.
I said no. I wasn't going to risk paying a fee to cancel. I was already waiting in the rain for an hour.
Eventually the driver found me and took me to my location. The whole ride was quiet until the driver decided to break the silence with full-volume anti-slavery rhetoric on the radio.
That day I learned that Uber's algorithms, whatever they are, led to at least a single very bad experience. I didn't downvote the driver. Instead, I just didn't rate him. That said, I'd say 95% of my Uber experiences were very good.
You prefer pro-slavery rhetoric on the radio?
Is there any real data out there on this? Talking to 10 drivers in one region of the US seems like a far cry from the kind of information you want to have to form an opinion on how the tides are shifting.
At the end of the day, there are still lots of reasons why Uber might not be slipping away as we think, and I think we would all benefit from at least an effort towards breaking out of our bubbles.
For personal use I'd be fine with a rickshaw.
I expect that other parts of the world are the same.
Uber services aren't all Priuses with signs saying "Please rate 5-stars!" hanging off the front-seat head-restraints.
As a Londoner: Huh? AddLee minicab drivers are infamous for being even more aggressive/xenophobic/inappropriate than black cab veterans. "Premium" they ain't.
But sure, if you want good service for the pampered "talent", you get a premium German private hire car, not the average Essex barrowboy...
Or do you explicitly want a black car...?