Listen: Apple, Google And LA San Francisco London discussed on Grumpy Old Geeks
"Going into a Thomas vehicles. They do state that apple is going to be a competitor. Yeah. And that also brings up some issues. It's like, oh, well, you know, apple has a history of taking competitors out of the app store when they when they feel like it. So I'm pretty sure apple wouldn't do that. Because the backlash would be pretty crazy like when they removed Facebook from the story for violating their terms. But it's it's one of those things when as an if you're going to be an investor you look at company fundamentals and you look for points a failure. This is a huge point of failure. I found another article about obviously, there's everybody is writing about this. This week is the biggest story in the world. And finally kind of you know, basically, we got to look behind the veil for once at over because they had to make a lot of these things public. If they're going to go public, we need to know what's going on and slate has a really good breakdown of some of the other big points of failure than Uber. Has right now, which I thought was very interesting. So about twenty four percent of all of us bookings. Meaning all the money that the company banks through their app. Cash drivers earnings occur in only five cities, New York. LA San Francisco London and south. Follow. This is a company that's in the more than seven hundred cities, including basically all the big ones in the world. And they're only making they're making almost all of their money in just five. Twenty four percent isn't almost four percent is quite a lot. It is one hundred seven hundred cities five cities making twenty four percent. Yes. That is definitely a definite interesting distribution curve for this their funds. So it's another potential point of failure. Because what if you New York and L A decide to basically go to war against over again, cut them out and things of that nature. Another example of companies Boehner ability, according this article is the concentration of its ride types. Fifteen percent of all their bookings are just airport trips. That's it. Yeah. And airports can actually do something about this because airports used to make a lot of money from parking. They do not make money from parking anymore. In fact, in the airport in Charlotte, North Carolina made more money in two thousand seventeen from parking fees than it did from American Airlines. Wow. So the barking accounted for more than a quarter of the airports revenue and his passengers are shifting to ride hailing airport. Revenues are declining and airports have an easy way to make that money back. Up by putting fees on Uber rides coming in and out of airports. Just like they did taxicabs. Yeah. Definitely there's a lot of problems with Hooper's business model. So if you're thinking about hopping on this IPO, I highly recommend you do some reading I. Yeah. Yeah. It definitely is. I wouldn't put my money there. Now. Now you use Google calendar. Right. Yes. I do. Yes. I do as well. And I have tied into my apple stuff. So I see everything and use all the calendars quite well. I do not use Google hangout to you. Oh god. No. I don't want to see anybody. Well,"