13 Matching Annotations
  1. Last 7 days
    1. Uber allows for real-time, location based ridesharing

      explains uber

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  2. Jun 2018
    1. Recent studies have indicated that Uber’s U.S. driver churn has sharply increased this year, to rates as high as 96%. Needless to say, it’s hard (and costly) to maintain double-digit growth rates, when only 4% of mission critical, de facto employees stay on the job for more than a year.
    2. In fact, Uber has struggled to achieve market share leadership in many large foreign markets, including China, India, SE Asia and Brazil. Moreover, while network effects do exist within each metro market, the benefits are significantly weakened by extremely low switching costs, which enable drivers and riders to utilize whichever ridesharing service offers the best deal on any given trip.
    3. In historical context, Uber’s extraordinary losses are thus not just a case of growing pains of an ambitious Silicon Valley startup, but a reflection of the deep structural deficiencies in ride-hail industry economics. Prior to artificial regulatory supply caps, the unregulated taxi industry was unprofitable and subject to growing concerns over negative externalities. Uber is now facing the same relentless drag on its P&L.
  3. Jun 2017
    1. Travis’s Law,” Stone writes. “It went something like this: Our product is so superior to the status quo that if we give people the opportunity to see it or try it, in any place in the world where government has to be at least somewhat responsive to the people, they will demand it and defend its right to exist.” He was right.

      Yuck.

    2. a techno-libertarianism that was contemptuous of most government attempts to regulate disruptive innovation.

      Turns out this has been a bad look. I wonder if it'll really cost Uber, though.

  4. Feb 2017
    1. The HR rep began the meeting by asking me if I had noticed that *I* was the common theme in all of the reports I had been making, and that if I had ever considered that I might be the problem.

      Holy shit! If people haven't quite Uber already, this has got to be the end of the line...

  5. Aug 2016
    1. Uber and Lyft both use independent contractors, instead of employees who would likely get more benefits, to staff their services

      except that a court ruling recently ruled that Uber employees were not independent contractors but actually employees

  6. Jul 2016
    1. Nhận dự án phân tích dữ liệu xe ôm, taxi, Uber trên địa bàn Hà Nội Nhờ thầy Phan Xuân Hiếu hướng dẫn

  7. Apr 2016
  8. Jun 2015
    1. You touch a button on your phone and something happens in the world.

      This is profound, but it's also obvious. Obvious as in it makes this basic aspect of technology readily apparent to the end user.

      Actually, when we press most buttons, lots of things happen in the world. One click on Amazon begins a complex process of labor and energy consumption, but this is conveniently hidden from the end user.