ndirish1842
ndirish1842 on Hacker News
> $120 Billion valuation on $2.6 billion in annual revenue?
That number is quarterly revenue (and as you say does not include the share the driver takes)
Great tool
If I can feature request, would love to see city/local taxes accounted for, especially with the SALT deduction removed.
Good work!!
>It's why places like Planet Fitness are able to offer $10/month unlimited memberships.
That model is far different though
For each Planet Fitness, much of the cost is upfront. That is, they have to buy the property, renovate (or build), and then buy all the machines. Yes there are increased maintenance costs as more people join the gym, but cost per user should decrease with each additional membership.
For MoviePass, for each user they have to pay for the price of each movie ticket they go to. Thus their costs increase proportionally to the number of subscribers. Unless each additional user they sign up goes to the movies less than the average MoviePass user, Cost per user doesn't decrease.
Not really.
Yes Lyft has gained some marketshare in the past 6 months. But Uber still dominates the US rideshare market (Uber by public accounts still has greater than 70% Market Share). Uber dominates in several other regions (Western Europe, Latin America) and is competing in several other huge markets (India and SouthEast Asia). Uber also has significant stakes in the dominant ride hailing companies in China and Russia.
This is not to diminish what Lyft has done. They're successful company. But they are in no way seeing more long term success compared to Uber as of today
While I don't doubt the rest of the article, I will say as a former Uber intern (this past summer) the vast majority of us were not overworked. I (and most of my fellow Uber interns) worked between 40-50 hours a week, and we were paid hourly (with overtime being paid at 1.5x base pay).
Posted by
ndirish1842 on Sunday January 08, 2017 @04:34PM
from the movement.uber.com dept.
Awesome idea/execution.
One issue with HN that I constantly run into is that I might miss an interesting article because each submission (30 on each page) look so similar. Your approach (where at most 4 articles appear within my browser at once) allows me to take more time to consider whether I should read each article.
Well done!!
> Probably because they have a solid workflow already based on a React tool chain - so why not?
Can confirm, lot of Uber's web infrastructure is modeled around React
*EDIT: To be clear offers from Uber
FWIW, I've had a few friends receive entry level offers (as software engineers) recently and they all had no deadline to accept
Posted by
ndirish1842 on Monday December 19, 2016 @12:14PM
from the medium.com dept.
Posted by
ndirish1842 on Tuesday December 13, 2016 @04:38PM
from the cnet.com dept.
Posted by
ndirish1842 on Tuesday December 13, 2016 @02:09AM
from the techcrunch.com dept.
step 12: ?
step 13: profit
> Passengers don't share the ride with other customers.
This is no longer true with Uber Pool and Lyft Line
Good point. I'd love if we had high speed rails in the US. I'd take it over a car everyday.
I wonder how autonomous driving will affect shorter flight commutes. I'll probably never take a car from Philadelphia to LA, but I might prefer to travel by car from Philadelphia to Chicago if I know that I can sleep throughout the car ride (as well as leave whenever is most convenient). When you take into account driving to the airport, checking bags, security, flight delays, baggage claim, and rental cars/driving to your hotel, a 12 hour drive doesn't look nearly as bad, especially when you could leave at 10 PM and wake up at 10 AM arriving at your destination. And it's way less stress compared to the hassle of TSA and flights.
China is still a developing market for ride hailing/sharing. The margins aren't that good. In fact, with the amount Uber/Didi are spending on driver/rider acquisition, they're both probably bleeding cash like crazy.
They are profitable in the U.S. They are unprofitable world wide because China and India are newer markets and Uber requires scale to turn profit. As they continue to gain market share and overall ridership/driver-ship, they will become closer and closer to world wide profitably.
Posted by
ndirish1842 on Tuesday April 19, 2016 @12:13PM
from the newsroom.uber.com dept.
Posted by
ndirish1842 on Tuesday April 19, 2016 @10:22AM
from the wiki.python.org dept.
I've only taken Uber (Lyft is not available in the city where I go to university), but I find most of my Uber drivers as extremely friendly. I've had some very interesting conversations with Uber drivers during my rides, and they nearly always seem happy to talk.
I wonder if Uber drivers in cities without Lyft are happier because Uber is the only option.
Posted by
ndirish1842 on Friday April 01, 2016 @03:12PM
from the autoblog.com dept.
Posted by
ndirish1842 on Friday April 01, 2016 @06:24AM
from the thebestschools.org dept.
Posted by
ndirish1842 on Saturday March 26, 2016 @02:21PM
from the reuters.com dept.
Posted by
ndirish1842 on Tuesday March 15, 2016 @10:01AM
from the engineeringblog.yelp.com dept.