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Uber Invests $1 Billion In Indian Market
New submitter keithlynpitts writes: Uber is looking to expand its services in India, and will invest $1 billion there in the next nine months. India is the second biggest market for Uber after the U.S. The company hopes their investment will help speed growth in the country, which is already at a staggering 40% every month. "We expect to hit over 1 million trips per day," said Amit Jain, president at Uber India.
Unlimited funding to attract an expected unlimited number of post-IPO suckers.
Making a ride sharing app is not the real thing now . The process of engaging partners (drivers) will be the crucial thing in this marketplace. The driver involved in the recent uber rape incident in India had earlier been booked for rape and uber had no clue about this .
The 'call taxi' market, as it is called here in India, is fractured and ripe for disruption. Unions in taxis are very weak. People here do not value privacy over saving a few rupees. RedBus and TicketGoose have made it big in bus reservations. Uber will tie up with Microsoft and Google to plunder the call taxi market.
I helped write taxi dispatch s/w for 3 firms, and I feel Uber will drive out Ola, TaxiForSure and other fringe players...
If you keep throwing chairs, one day you'll break windows....
And create an Uber cartel that simply outbids the taxi drivers for government... ah.. services... yeah... that's it
“He’s not deformed, he’s just drunk!”
I plan to invest 1 million litoshi in Uber.
Get free satoshi (Bitcoin) and Dogecoins
These people are delusional along with their investors.
economy = i
“He’s not deformed, he’s just drunk!”
Your first sentence there is awkward and could badly use a conjunction word after the quotes. Why do you grammar trolls never get your grammar right?
All depends where the money goes...
“He’s not deformed, he’s just drunk!”
The GP AC hasn't written the summary though, only a modest, 0 scored post. I think the its vs it's is beaten to death to the extent that mixing it up shows such deliberate ignorance on the part of the editors that it almost borders with trolling. Guess what happens if you grammar troll the readership. Some of them will bite and some others like you will call _them_ trolls.
They are going to invest $1 billion in exactly what? The app? Advertising? Under the table payments to government officials? Considering that they don't have a fleet looks a bit exaggerated.
500 Quatloos on the Übercomers!
Unfortunately, no one here is old enough to get that joke . . .
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
And create an Uber cartel that simply outbids the taxi drivers for government
Except that ride-sharing is not a cartel. There are no big barriers to entry. Even the "network effect" that allows, say, eBay to dominate auctions, doesn't apply as much to ride-sharing, since both drivers and riders can easily switch between multiple services on a ride-by-ride basis.
Of course not. They all died in combat. I did make 2500 quatloos though.
Get free satoshi (Bitcoin) and Dogecoins
Step 1: wait for Uber to come to town
Step 2: let them build some momentum and drop some cash investing in scaling up
Step 3: act outraged when cab companies complain and promise to shut them down
Step 4: drop a lot of fines on them to absorb even more of that phat US VC cash
Step 5: repeat step 4 until the taxi companies, Uber or citizens force your hand into either legitimising them or actually banning them.
This seems to be the tactic of my home town (Brisbane, Australia). Last I saw we'd fined Uber $1.7m, all while pretending they can't be stopped and letting them operate (they just announced they're hiring more staff).
They'll have to provide a better licensing framework at some point - where I am now in Columbus, OH they seem to have a great one - but in the meantime it seems their plan is just to keep fining them to see if they're going to blink first.
As a Brisbaner I love the idea of us taking all that money. As someone that actually wants to go to places though and not be at the mercy of the taxi companies, I hope they negotiate soon and build a framework that takes into account this new age we live in.
This site is community moderated. Most of the article descriptions are given a quick read-though and then left verbatim the way the submitter wrote it. Anyone who tries to teach the internet at large about the finer points of grammar is swimming up stream.
I also reject your assertion that critics should be held to a lower standard than content creators.
And they still can't pay their drivers decently.
Your hair look like poop, Bob! - Wanker.
In a probably not unrelated event, Microsoft has agreed to invest $100 million into Uber.
Most of the article descriptions are given a quick read-though and then left verbatim the way the submitter wrote it.
[citation needed]
Most submissions I know anything about, which is to say both mine and those which submitters have commented on, have been edited.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
Soon, stand-up comedians in Mumbai will be complaining: "Have you tried getting a taxi lately? They're all like imitates midwestern American accent 'Howdy, folks, my name is Jim-Bob. Where can I take y'all today?' You can't understand a word they say!"
Interesting.
Ok, so it's a small sample size, but every article I've submitted has appeared exactly as I typed it.
Ok, so it's a small sample size, but every article I've submitted has appeared exactly as I typed it.
Well, it's possible that you made higher-quality submissions than I did, or that you just tripped over lazy editors. It would be interesting to have some actual statistics on this, but hahaha. I mean, the editors are already lazy.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"