What’s going on? Uber announced record-breaking bookings at its 1H update. What does this mean? Uber’s revenue more than double yoy to $8b: The number of Uber’s monthly users hit a new peak in 2Q, with an increase of 24% yoy. The number of highly-profitable airport trips also hit an all-time high; 2Q also marked…
Tag: uber
Ep 135: Uber losing a major UK Supreme Court ruling
What’s going on? Uber lost a major UK Supreme Court ruling (which has last for 5 years), forcing it to treat the 25 riders, who brought the case, as employees. What does that mean? Uber famously treats its drivers as freelancers, but this court ruling means it’ll have to treat, at least 25 of them,…
Ep 134: SoftBank’s flourishing result
What’s going on? SoftBank – a Japanese conglomerate, reported better-than-expected earnings after its investment in DoorDash really delivered. What does that mean? Both the global rally in tech stocks and the booming demand for IPOs has led to SoftBank’s doing well in private investments, leading to a record profit for its Vision Fund – the…
Journal Report 17: How to Kickstart and Scale a Marketplace Business (1)
How to Kickstart and Scale a Marketplace Business Phase 1: Crack the chicken-and-egg problem Part 1: Constrain the marketplace Part 2: Decide which side of the marketplace to concentrate on Part 3: Drive initial supply Part 4: Drive initial demand Phase 2: Scale your marketplace Part 1: Determine if you are supply or demand constrained…
Journal Report 6: SoftBank Is Funding Every Side of a Bruising Startup Battle
Introduction In Mexico, for two years, the legendary late-night snack spot El Moro relied on Uber Eats to deliver its churros and hot cocoa to takeout customers across the capital. Then, in late 2018, it dumped Uber for an exclusive deal with rival delivery startup Rappi. The Colombian company offered to make deliveries for 10%…
Ep 8: Uber Calls Shotgun
What’s Going On Here?Uber’s stock lifted after its reported better-than-expected first quarterly results as a public company. What Does This Mean?Uber’s $3 billion revenue for the first quarter of 2019 and $1 billion loss both turned out slightly better than predicted. Uber’s costs are still surging thanks to its expansion into several new and competitive…
Ep 2: Public Uber Isn’t so Different From Private Uber
What’s going on here?Yesterday (May 30, 2019), Uber reported earnings for the first time as a public company. While Uber’s earnings weren’t awful, they showed a company struggling with slowing growth and steep losses. Where are the numbers?Of the last quarter: Revenue: $3.1 billion, up 20% annually (top end of Uber’s projections). Sales grew 25%….
with HT 