Lyft's IPO came out 4 weeks ago. Drop 22% in that time. People are still optimistic. Here's my take on ride-sharing companies ipo.
1. Will they be able to make a profit. No! They would need to cut staff drastically. Take more money from drivers. Which would lead to more drivers leaving that platform. Which in turn lead to longer wait time. That leads to consumers leaving to other platforms.
2. Stop discounting fares to consumers. Which is the only real reason people use them.
The major reason for their optimistic future! Not!
3. The future is in autonomous vehicles!?
First, they would need a huge new investment in those vehicles. They would need ten's thousands of new vehicles. Just New York city alone they would need a minimum of 10,000 cars. Let's not forget insurance. Which most of cost is paid by drivers. Yes, Lyft has insurance put mostly only liability insurance.They would have to get commercial insurance. Which is a lot more expensive than personal car insurance.
Opps, let's not forget the staff for maintenance, cleanings and refueling in every market (city). That includes buildings and parking for the fleet. Then staff to run the fleet. They still need software to manage the fleet. Where the cars go during the day or night. Get permission to park fleet cars when they are not in service.
No real future without screwing consumers! Regulation will come in for these companies which will cap their growth.
No real answers by any ride-sharing companies. How they would do all these things or where the money will come from.
Just some of my thoughts why I would never invest in these companies.
Showing posts with label UberX. Show all posts
Showing posts with label UberX. Show all posts
Saturday, 27 April 2019
Saturday, 30 April 2016
Taxi technology VS Uber's
I'm tired of listening to people talking about Uber's technology. Please! They are so weak in that area that it make a mockery of the transportation industry. Trucking, alone has had gps tracking for decades. The taxi industry has had gps tracking of their fleet for well over 15 years. Most taxi companies use a digital dispatching system. Online booking has been around for at least 10 years. Third party apps have been around also for 10 years. Where's the innovation? You drop a pin, and a car shows up! Really? STOP and look! People looking at their phone. Trying to find their ride! While a taxi is just outside. They call the driver to give directions or explain where they are. SIMPLE??
Safer? How does technology make driving safer? Drivers constantly looking at a small screen to get direction. Gps tracking? Uber refuses to give information to police all the time. They say that they cooperate with the police or regulators. But every time the authorities have to fight with Uber to get information. In most case in the Region of Waterloo, the Taxi industry will have the information or video for the police in a hour or less.
Safer? How does technology make driving safer? Drivers constantly looking at a small screen to get direction. Gps tracking? Uber refuses to give information to police all the time. They say that they cooperate with the police or regulators. But every time the authorities have to fight with Uber to get information. In most case in the Region of Waterloo, the Taxi industry will have the information or video for the police in a hour or less.
Friday, 8 January 2016
Taxi industry getting SCREWED again!!!
It's been awhile since I wrote anything on Uber and the taxi industry! It was announce that Aviva Canada came up with ride-sharing insurance. Who is going to check if insured is following the contract? Upto 20 hours a week? Licensed for a minimum of six years? Driver's abstract? Not Uber! They can't even follow their own rules. Since Uber started in the Waterloo Region illegally. Drivers have been driving without proper insurance. Driver under the age of 21. What has the Region to protect consumers? Nothing! Now Uber has put onus on the driver to have proper insurance, without checking if they got it. How responsible of Uber to it's customer and the rest of society.
Aviva Canada is largest taxi insurer company. Thier rates for the taxi industry has increased almost every year. If you're lucky you pay only $5400.00 a year. That's with a clean driver's record and no claims. Also it's a fleet rate to keep cost down. So, how in hell does Aviva can only charge few hundred dollars on top of personal insurance? Where can I get the same treatment? I would be paying peanuts!
To the regional councillors, you all have failed in so many ways. The trust of local businesses. The protection of people under your watch. The growth of corruption of society! Should I keep going? I can.
I wrote this today, because people in the taxi industry are worried! Years of hard work going down the drain. For what? Jobs? Wake up councillors!! I thought the region believe in a living wage? Good moral code? Uber has lied in everything that they say! You keeping stalling to see someone else come up with a solution. Or, scared to do the right thing?
Aviva Canada is largest taxi insurer company. Thier rates for the taxi industry has increased almost every year. If you're lucky you pay only $5400.00 a year. That's with a clean driver's record and no claims. Also it's a fleet rate to keep cost down. So, how in hell does Aviva can only charge few hundred dollars on top of personal insurance? Where can I get the same treatment? I would be paying peanuts!
To the regional councillors, you all have failed in so many ways. The trust of local businesses. The protection of people under your watch. The growth of corruption of society! Should I keep going? I can.
I wrote this today, because people in the taxi industry are worried! Years of hard work going down the drain. For what? Jobs? Wake up councillors!! I thought the region believe in a living wage? Good moral code? Uber has lied in everything that they say! You keeping stalling to see someone else come up with a solution. Or, scared to do the right thing?
Saturday, 19 September 2015
Canada WAKE UP!!!!
What's up with people and Uber? Don't people know the inherent danger of Uber? Here's company that goes out of it's way to screw people.
First with drivers' with lies of how much they can make. $90,000.00 a year. Come on Uber. It would take working over 70 hours a week, with a lot of surge pricing to get that amount. Lies of insurance. Drivers' are not cover, PERIOD! Taking 25% of the fare plus the $1.50 for safe ride. Whatever that is. Did I forget the tips are not given to the driver either. How about the rating system. Where the driver is extort into doing things that are illegal. Like, what? You say. Taking 5 people where he can only take 4. Drinking by passengers in the car. There's a lot more a customers can do to make a driver do things that are illegal, because he needs 5 stars.
Second with passengers. Who is really driving you? Criminal check? They say they get a criminal check. But, a real criminal check would also be fingerprints like what the region asks for. With the fingerprint they cross reference with all databases. Just in case of name change or false documentation. Automobile safety check? They only do a walk around the vehicle. Not a MTO safety inspection. Where everything is checked. How about the driver's abstract? What's that? It's the driver's record for the last 3 years. Any driving offence will be on there. Drivers going for a taxi license can't have more than 1 minor offence. How about someone else behind the wheel. Buddy didn't want to go out. So, a friend goes out with the car and the phone.
Third with the general public, Calling the taxi industry outdated. Here's a company that really doesn't know a things about the taxi industry. Here in the region, we use more technology than Uber will ever use. People can use a app, call or even e-mail for a cab. Unlike Uber, we even have a backup system when the internet goes down. They say their faster. Not a chance that they're faster than cabs in the region. Safer? Let's see, hiring university students that been in region for a year or less. Improper hiring practices for someone to drive you around. How accurate is a iphone. Where the meters are checked yearly in the cab. With surprise inspection to make sure the meters are not tamper with.
Another beef with Uber is their tax evasion tactics. Do you really know where your money is going? It goes to Uber B.V. in Netherlands. Thats right! Out of country. Out of region. Where it uses to be all in the region. No HST is collected by Uber or paid out. Where Uber shows no income. Drivers are told that it's alright if you stay under a certain amount you don't need to pay. You don't need a business license. When the last time Uber did anything for the community. Please, don't say Ubersafe! That's all marketing 101.
First with drivers' with lies of how much they can make. $90,000.00 a year. Come on Uber. It would take working over 70 hours a week, with a lot of surge pricing to get that amount. Lies of insurance. Drivers' are not cover, PERIOD! Taking 25% of the fare plus the $1.50 for safe ride. Whatever that is. Did I forget the tips are not given to the driver either. How about the rating system. Where the driver is extort into doing things that are illegal. Like, what? You say. Taking 5 people where he can only take 4. Drinking by passengers in the car. There's a lot more a customers can do to make a driver do things that are illegal, because he needs 5 stars.
Second with passengers. Who is really driving you? Criminal check? They say they get a criminal check. But, a real criminal check would also be fingerprints like what the region asks for. With the fingerprint they cross reference with all databases. Just in case of name change or false documentation. Automobile safety check? They only do a walk around the vehicle. Not a MTO safety inspection. Where everything is checked. How about the driver's abstract? What's that? It's the driver's record for the last 3 years. Any driving offence will be on there. Drivers going for a taxi license can't have more than 1 minor offence. How about someone else behind the wheel. Buddy didn't want to go out. So, a friend goes out with the car and the phone.
Third with the general public, Calling the taxi industry outdated. Here's a company that really doesn't know a things about the taxi industry. Here in the region, we use more technology than Uber will ever use. People can use a app, call or even e-mail for a cab. Unlike Uber, we even have a backup system when the internet goes down. They say their faster. Not a chance that they're faster than cabs in the region. Safer? Let's see, hiring university students that been in region for a year or less. Improper hiring practices for someone to drive you around. How accurate is a iphone. Where the meters are checked yearly in the cab. With surprise inspection to make sure the meters are not tamper with.
Another beef with Uber is their tax evasion tactics. Do you really know where your money is going? It goes to Uber B.V. in Netherlands. Thats right! Out of country. Out of region. Where it uses to be all in the region. No HST is collected by Uber or paid out. Where Uber shows no income. Drivers are told that it's alright if you stay under a certain amount you don't need to pay. You don't need a business license. When the last time Uber did anything for the community. Please, don't say Ubersafe! That's all marketing 101.
WAKE UP! LOOK AT THE FACTS!
Uber calls itself a technology network company. What they are is a unregulated taxi service provider. Using outdated iphones to meter and deliver fares. That's a joke. Here in my region we use state of art equipment and software. We are legal professional taxi drivers!
Uber = marketing scam.
Saturday, 12 September 2015
Uber destroying the fabric of society
Now that Uber has started in the Waterloo Region. At first they really didn't hurt us. but as the time goes by they are starting to hurt us. Mostly at nights and weekends.
What Uber has done will affect everyone. Uber has promised to create jobs. What kind of the jobs? They're calling it casualized workforce. Where people from all walks of life can just start working on a whim. Customers are the ones that benefit from this. But also Uber. Uber does not care about the downfall of this type of economy. It's goal is to change what was a trade to a simple part-time job. Where man and woman that had full-time careers in the taxi industry. From drivers, call takers and office management team. All this jobs are now in jeopardy. All because someone wants to make more money than God. So far Uber has spent a lot of money to destroy the taxi industry. Thinking that they can simply go around the laws that are there to protect the consumers and the taxi industry. Saying that they are only a technology company. The simple truth is that they are a transportation/taxi company.
Uber's public image is a corporation that wants to change how people get around. They're gone out of their way to avoid regulation. The reason for regulations is to protect customers. But, Uber says it does a better job than government regulators. Let's see their track record. Improper insurance coverage for drivers and passengers. No oversight of drivers' abstract record. No proper car inspection. Corporation like Uber only looks at the bottom line. Now, UberX or UberPop drivers are paying the price. With improper insurance coverage. Drivers involved in a accidents are being left out in the cold. Promises of wages better than the taxi industry. True. Only until Uber has a larger market share. Than Uber takes 25% of the fare and still dropping price of the fares. To hold onto their market share. Drivers are forced to make less or work longer hours to make up the difference. When times comes to replace their vehicle. They won't have enough money to purchase one. So, here comes Uber to the rescue. By offering deals of financing from one of their many partners. You get the picture. I hope.
People say that taxi industry is a monopoly? Really what Uber has done. Is making a monopoly. One large taxi company around the world. Without care for the customers. Killing the taxi industry around the world. How one corporation be allowed to destroy a industry that has been around for ages. Local companies like Waterloo Taxi, United and City Cab (Kitchener) fighting off a company that subsides it's drivers to steal customers. By lying about the taxi industry. Faster, safer and cleaner. Which anyone in my region knows is not true. If Uber wanted to go head to head in a fair fight. They would lose. Drivers would leave them, for they would not make the money that they were promised. Customers would not step in a car without proper insurance, or know who is really behind the wheel. How safe is that car? No real documentation on the vehicle.
People are so caught up with Uber's marketing that it's funny. Technology company? At Waterloo Taxi we use more technology than Uber will ever use. Customers can simply call. E-mail or uses two different apps that are available. We can even still run our service if the internet goes down or like in 2004. Power outage. People will get a cab. We don't use sub-standard equipment, but use commercial grade equipment. Including software and GPS. How often is the gps on your phone inaccurate? You trust that for commercial uses in a business?
The taxi industry is not perfected. But, here in the region we are working to improve the service all the time. I would like some changes to improve the industry. But, it takes people to go to the government and talk about the industry. I'm one of many owner/operators of Waterloo Taxi. Just a guy trying to make a honest living for me and my family. I drive four days a week. I have 2 other people that drive my vehicle for the rest of the week. They rely on me to make sure my cab is safe and clean. Which I take great care of. It's not just my income but theirs also. Next time you want to go out. Remember! There's people that went out of their way to become a taxi drivers. Uber's drivers are just out there without any care of the rules. Just to make a quick dollar.
Uber is destroying full-time jobs. Call takers, and drivers won't be needed. Then there's the money that leaving the region. 25% of all fares will leave the region. It all equals to the demise of the fabric of our community. Where owners like me will have find ways to save money. Like stop sponsoring local teams. Advertisement ads, or cutting jobs at the office. In the long run the consumer will pay. Surge pricing and slower response time. Look at what's happening in California. Law suits against Uber. It will effect in the price of the fare. It's just a thought. Think about what will happen when Uber is the only business around.
What Uber has done will affect everyone. Uber has promised to create jobs. What kind of the jobs? They're calling it casualized workforce. Where people from all walks of life can just start working on a whim. Customers are the ones that benefit from this. But also Uber. Uber does not care about the downfall of this type of economy. It's goal is to change what was a trade to a simple part-time job. Where man and woman that had full-time careers in the taxi industry. From drivers, call takers and office management team. All this jobs are now in jeopardy. All because someone wants to make more money than God. So far Uber has spent a lot of money to destroy the taxi industry. Thinking that they can simply go around the laws that are there to protect the consumers and the taxi industry. Saying that they are only a technology company. The simple truth is that they are a transportation/taxi company.
Uber's public image is a corporation that wants to change how people get around. They're gone out of their way to avoid regulation. The reason for regulations is to protect customers. But, Uber says it does a better job than government regulators. Let's see their track record. Improper insurance coverage for drivers and passengers. No oversight of drivers' abstract record. No proper car inspection. Corporation like Uber only looks at the bottom line. Now, UberX or UberPop drivers are paying the price. With improper insurance coverage. Drivers involved in a accidents are being left out in the cold. Promises of wages better than the taxi industry. True. Only until Uber has a larger market share. Than Uber takes 25% of the fare and still dropping price of the fares. To hold onto their market share. Drivers are forced to make less or work longer hours to make up the difference. When times comes to replace their vehicle. They won't have enough money to purchase one. So, here comes Uber to the rescue. By offering deals of financing from one of their many partners. You get the picture. I hope.
People say that taxi industry is a monopoly? Really what Uber has done. Is making a monopoly. One large taxi company around the world. Without care for the customers. Killing the taxi industry around the world. How one corporation be allowed to destroy a industry that has been around for ages. Local companies like Waterloo Taxi, United and City Cab (Kitchener) fighting off a company that subsides it's drivers to steal customers. By lying about the taxi industry. Faster, safer and cleaner. Which anyone in my region knows is not true. If Uber wanted to go head to head in a fair fight. They would lose. Drivers would leave them, for they would not make the money that they were promised. Customers would not step in a car without proper insurance, or know who is really behind the wheel. How safe is that car? No real documentation on the vehicle.
People are so caught up with Uber's marketing that it's funny. Technology company? At Waterloo Taxi we use more technology than Uber will ever use. Customers can simply call. E-mail or uses two different apps that are available. We can even still run our service if the internet goes down or like in 2004. Power outage. People will get a cab. We don't use sub-standard equipment, but use commercial grade equipment. Including software and GPS. How often is the gps on your phone inaccurate? You trust that for commercial uses in a business?
The taxi industry is not perfected. But, here in the region we are working to improve the service all the time. I would like some changes to improve the industry. But, it takes people to go to the government and talk about the industry. I'm one of many owner/operators of Waterloo Taxi. Just a guy trying to make a honest living for me and my family. I drive four days a week. I have 2 other people that drive my vehicle for the rest of the week. They rely on me to make sure my cab is safe and clean. Which I take great care of. It's not just my income but theirs also. Next time you want to go out. Remember! There's people that went out of their way to become a taxi drivers. Uber's drivers are just out there without any care of the rules. Just to make a quick dollar.
Uber is destroying full-time jobs. Call takers, and drivers won't be needed. Then there's the money that leaving the region. 25% of all fares will leave the region. It all equals to the demise of the fabric of our community. Where owners like me will have find ways to save money. Like stop sponsoring local teams. Advertisement ads, or cutting jobs at the office. In the long run the consumer will pay. Surge pricing and slower response time. Look at what's happening in California. Law suits against Uber. It will effect in the price of the fare. It's just a thought. Think about what will happen when Uber is the only business around.
Subscribe to:
Posts (Atom)