I’m okay with people not tipping. Just need to have more rides… Despite paying like shit, all the liabilities, etc, there are still too many drivers. Not staying busy enough outside of rush hour.
Drivers go get better jobs! Leave the peanuts for the really desperate ones.
hanera
October 25, 2019, 8:35am
587
Took Lyft and Uber many times. Most of them are part-timers. Retirees, extra pocket money (have day jobs), and unemployed (looking for jobs).
Same for taxi. In Singapore, age limits for taxi drivers are between 30-75. Not sure about Uber, Lyft and Grab.
Every company wants a slice of those financial service fees.
hanera
November 4, 2019, 11:51pm
590
I am wondering how do software startups be profitable if the cost of SWEs are so high. The competition for talented SWEs drive the spiraling RSU based compensation. Can these businesses ever be profitable GAAP wise?
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They won’t with their current employee counts. Instagram and WhatsApp has super low employee counts and massive user bases.
I wonder what Uber comp is now that employees can sell, and it’s worth half the latest private round valuation.
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hanera
November 11, 2019, 5:04pm
595
Cramer On Ride-Hailing Stocks: Bullish On Lyft, Not So Much On Uber
Have not taken Uber for ages, have used Lyft many times, is better
Roy321
November 25, 2019, 7:32pm
599
Lol, Vote of confidence in the future of the company
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Roy321
November 25, 2019, 7:42pm
601
Btw at current stock prices he has just @$1.35B in stock remaining with him, did I get the calculations right? Seems low.
I’m not sure. I haven’t followed his total holdings. I’m not surprised though given how much money they raised.
Roy321
November 25, 2019, 8:03pm
603
The article you posted reports the following:
The latest sale leaves the 43-year-old entrepreneur with fewer than 45 million shares in the company.
Stock worth= 0.045Billion*$30=$1.35B
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Roy321
November 26, 2019, 12:47am
604
Larger point is Kalanick has sold almost 50% of his ownership in Uber recently. He must be super pumped about the stock/company going forward…
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He could just be bitter about getting fired too. I don’t see how it finds a bottom now that lockup expired.
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