“We are a marketplace that sells demand generation,” says Grubhub CEO Matt Maloney. “We sell growth. That’s what our primary product is. We’re not a logistics company. We do logistics because we know that’s an end to get to restaurant growth and make money off our logistics. If you’re selling consumers, you’re selling growth, and you can charge a lot for that.”
Early Uber investor Jason Calacanis says that unlike Lyft, Uber built a very anti-fragile business with the combination of Eats and Rides and has become relentlessly focused.
Democrats, in a political payoff to unions, have again introduced legislation in Congress to effectively make gig economy jobs like Uber, Lyft, DoorDash, etc. illegal.
Vimeo has raised $300 million in equity, raising its valuation to some $5.7 billion as it prepares to become independent.
Uber CEO Dara Khosrowshahi says that Uber Eats is growing at unprecedented rates during the pandemic and he expects the business to do well post-pandemic as well.
We want to make sure there’s clarity and certainty in this industry so that it’s not living under a cloud.” says Lyft’s Chief Policy Officer Anthony Foxx.
We’re going to expand beyond food into other categories such as groceries and pharmacy, essentially powering world commerce.
“We think the commercialization of autonomous driving for trucks will probably take place a lot sooner than it will take place in the passenger car vehicle sector,” says Richard Zhang, CFO of Full Truck Alliance.
Gene Munster discusses how California in forcing drivers to be employees may ultimately speed up the efforts of Uber and Lyft to go fully self-driving and thereby simply eliminate all human drivers.
The law will ban hundreds of different professions and especially the hundreds of thousands of jobs created by the gig economy over the last decade.
Lyft is warning it may join Uber in shuttering operations in California following a preliminary injunction classifying its drivers as employees.
If the judge and a court finds that we are not and they don’t give us a stay to get to November then we will have to essentially shut down Uber until the voters decide.
The New York Times has become one of the first major media outlet to pull out of its deal with Apple News, citing conflicting strategies.
In a call to investors, Uber CEO Dara Khosrowshahi has said the company is losing significant business because of the coronavirus, but has enough funds on hand.
Minimalism has transitioned from a trend into a lifestyle, proving it unnecessary to own the…
Scale is the primary driver toward profitability, says Uber CEO Dara Khosrowshahi. It’s getting big. It’s a combination of growing top-line over 35 percent, technology innovation to delight the customer and take costs down at the same time, and then good old fashioned efficiency, making sure that our corporate costs don’t grow as fast as our revenue.
“Not only do we expect to hit cashflow break-even, but we expect this business to be very profitable at maturity,” say Uber CEO Dara Khosrowshahi. “I think that going forward our spending declines as a percent of revenue. So when you’re growing trips 35 percent year on year your spending is going to increase.”
“As we continue to grow and invest in our brand more and more people are sharing their vehicles,” says Turo CEO Andre Haddad. “With our app, you can actually share your car so that you can earn money when you’re not using your car. We’re hoping to be in the next few years in the same realm as ride-sharing and home-sharing.”