Dan Gallagher
speaker
617 appearances
15 recordings
1 series
first heard Sep 2017
last heard Nov 2019
Dan Gallagher’s voice in public audio — every appearance, attributed to the second.
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Appearances
It's not just one single thing.
But one big part of that model is that these companies are expecting that they will grow into profitability in part by keeping –
by kind of lowering the cost they're paying for drivers or capping the incentives.
There's various bits of language in there.
And from what we can see, it's hard to actually see driver costs going down.
Yeah, and that's already a problem because the journal reported earlier there's been a lot of churn in ride-sharing because what a lot of drivers find is that once you minus out the cost they have to pay, that a lot of them are netting incomes that are kind of near minimum wage or sometimes lower.
This is already a problem.
And then you've got – yeah, we had this interesting announcement from Amazon yesterday.
It's a program – they've been trying to build up their own delivery force.
What they announced yesterday was essentially some incentives that they're trying to get some of their own employees –
Obviously, people are probably working in the warehouses to quit Amazon and set up their own businesses as independent contractor drivers for the company.
And they're offering some cash incentives for that.
And what that told me is that for this pool of talent, of labor, essentially driver labor, there's going to be more demand going forward.
And when demand goes up, prices go up.
And it's not just Amazon.
You've got delivery companies like DoorDash and Instacart are all growing and trying to get drivers.
And there's just a lot of components going on where it's really hard to see driver costs going down the way these ride-hailing companies seem to kind of be betting on.
I think some investors buying into the stock obviously want to see the growth story.
And Uber has been very clear about the fact that its ambitions are well beyond just ride hailing.
I don't know necessarily that the company should just give up the other focus, but I do think one chief concern is that Ride Hailing is the majority of their business, and it is the majority of Lyft's business, and investors aren't really sure how these businesses
Showing 41–60 of 617 · page 3 of 31
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