#Uberβs πΊπΈ market share has taken a big hit. Customers seem to care about the companyβs ongoing troubles.
π https://t.me/PerspectiveIX
π» http://prs.pctvix.co/SnapchatIX
π https://t.me/PerspectiveIX
π» http://prs.pctvix.co/SnapchatIX
πΈ SoftBankβs Vision Fund is the biggest technology #investment portfolio ever. This is where its $93 billion has gone so far.
π #Uber would be its biggest deal yet.
π @PerspectiveIX
π #Uber would be its biggest deal yet.
π @PerspectiveIX
ββπ° Gig Economy Workers Are Earning Half What They Did Five Years Ago
More people are working for ride-sharing and delivery companies but on average theyβre making less.
On average, drivers who transport people (#Uber or #Lyft) or things (#UberEats or #Postmates) through an app made 53 percent less in 2017 than they did in 2013, according to a new study by the JPMorgan Chase Institute.
The average monthly payments to those who worked for a transportation app in a given month declined to $783 from $1,469. Meanwhile, people working for leasing apps β #Airbnb, Turo, Parklee and other apps that let you rent assets like your home, car or parking space β saw their incomes from those platforms rise 69 percent to $1,736 on average.
This is happening as online gig work has become more popular, thanks in large part to the growth in the number transportation jobs.
π @PerspectiveIX via Recode.
More people are working for ride-sharing and delivery companies but on average theyβre making less.
On average, drivers who transport people (#Uber or #Lyft) or things (#UberEats or #Postmates) through an app made 53 percent less in 2017 than they did in 2013, according to a new study by the JPMorgan Chase Institute.
The average monthly payments to those who worked for a transportation app in a given month declined to $783 from $1,469. Meanwhile, people working for leasing apps β #Airbnb, Turo, Parklee and other apps that let you rent assets like your home, car or parking space β saw their incomes from those platforms rise 69 percent to $1,736 on average.
This is happening as online gig work has become more popular, thanks in large part to the growth in the number transportation jobs.
π @PerspectiveIX via Recode.
ββπ Half Uber Drivers Don't Make More $10 an Hour After Vehicle Expenses
According to a new study by Ridester, the median hourly pay with tip for #Uber drivers in the U.S. is $14.73. That figure includes tips but doesnβt account for expenses like insurance, gas and car depreciation incurred while working. Using Ridesterβs low-end estimate of $5 per hour in vehicle costs, drivers would bring in $9.73 per hour and potentially much less.
That implies a driver working 40 hours per week would make an annual salary of almost $31,000 before vehicle expenses, and about $20,000 after expenses (but still before taxes). Thatβs below the poverty threshold for a family of three. Itβs also a far cry from the $70,000 to $90,000 Uber once claimed its drivers made in major markets.
π @PerspectiveIX via Recode.
According to a new study by Ridester, the median hourly pay with tip for #Uber drivers in the U.S. is $14.73. That figure includes tips but doesnβt account for expenses like insurance, gas and car depreciation incurred while working. Using Ridesterβs low-end estimate of $5 per hour in vehicle costs, drivers would bring in $9.73 per hour and potentially much less.
That implies a driver working 40 hours per week would make an annual salary of almost $31,000 before vehicle expenses, and about $20,000 after expenses (but still before taxes). Thatβs below the poverty threshold for a family of three. Itβs also a far cry from the $70,000 to $90,000 Uber once claimed its drivers made in major markets.
π @PerspectiveIX via Recode.
π Uber's First Round
On this day (15 October) in 2010, #Uber raised $1.3 million in its first round of financing.
Valuation:
2010 β $5 million
2018 β $72 billion
#History
π @PerspectiveIX
On this day (15 October) in 2010, #Uber raised $1.3 million in its first round of financing.
Valuation:
2010 β $5 million
2018 β $72 billion
#History
π @PerspectiveIX
π Lyft has eaten into Uberβs U.S. market share
#Uber controls the majority of U.S. ride-hailing but #Lyft is growing twice as fast. And both plan to go public in early 2019.
π @PerspectiveIX via Recode.
#Uber controls the majority of U.S. ride-hailing but #Lyft is growing twice as fast. And both plan to go public in early 2019.
π @PerspectiveIX via Recode.
π Uber vs. Lyft: Loyalty Edition
Ride-sharing customers are becoming less loyal.
Americans who used both #Uber and #Lyft in the last quarter of 2018 accounted for about a third of the companiesβ ride-sharing revenue, according to new data from Earnest Research. Thatβs up 13 percentage points from the beginning of 2016.
π @PerspectiveIX via Recode.
Ride-sharing customers are becoming less loyal.
Americans who used both #Uber and #Lyft in the last quarter of 2018 accounted for about a third of the companiesβ ride-sharing revenue, according to new data from Earnest Research. Thatβs up 13 percentage points from the beginning of 2016.
π @PerspectiveIX via Recode.
π Lyft Closing New User Gap with Uber in U.S. as IPO Approaches
As it prepares for its long-awaited IPO, #Lyft has been slowly yet surely pulling alongside rival #Uber in the United States when it comes to the number of new users both services are adding each month.
According to Sensor Tower, which count first-time downloads of apps by unique App Store and Google Play users, Lyft added close to 1.5 million new riders in the U.S. last month, compared to Uberβs 1.9 million, giving the soon-to-be-public company a 43 percent share of those acquired between the two. This is a significant turnaround from April 2015, when Uber accounted for 82 percent of new U.S. riders added by the two services that month.
Read more on SensorTower.
π @PerspectiveIX
As it prepares for its long-awaited IPO, #Lyft has been slowly yet surely pulling alongside rival #Uber in the United States when it comes to the number of new users both services are adding each month.
According to Sensor Tower, which count first-time downloads of apps by unique App Store and Google Play users, Lyft added close to 1.5 million new riders in the U.S. last month, compared to Uberβs 1.9 million, giving the soon-to-be-public company a 43 percent share of those acquired between the two. This is a significant turnaround from April 2015, when Uber accounted for 82 percent of new U.S. riders added by the two services that month.
Read more on SensorTower.
π @PerspectiveIX
π΄ Americans drift from Uber and Lyft, test alternative forms of transportation
Americans are exploring alternative methods of transportation. Looking at average daily active users (DAUs) per month over the past 13 months, weβre estimating decreases in active usage for #Uber and #Lyft, while seeing increases in active usage for things like public transportation, bikes and scooters.
The above data is for the United States and is a combination of iOS + Google Play apps. Lyft has said its market share in the United States was at about 35% in early 2018, and is now closing in at around 40%. Lyft is losing less average DAUs than Uber, which has in fact grown its percentage of market share in the United States.
Read more on Apptopia.
π @PerspectiveIX
Americans are exploring alternative methods of transportation. Looking at average daily active users (DAUs) per month over the past 13 months, weβre estimating decreases in active usage for #Uber and #Lyft, while seeing increases in active usage for things like public transportation, bikes and scooters.
The above data is for the United States and is a combination of iOS + Google Play apps. Lyft has said its market share in the United States was at about 35% in early 2018, and is now closing in at around 40%. Lyft is losing less average DAUs than Uber, which has in fact grown its percentage of market share in the United States.
Read more on Apptopia.
π @PerspectiveIX
βοΈ Top Travel Apps in Europe for 2018 by Downloads
The most downloaded travel category app in Europe for 2018 was Booking with close to 25 million installs. Germanyπ©πͺ, Great Britainπ¬π§, and Franceπ«π· were the top countries with the most new installs of the app. The full top 10 ranking of travel apps in Europe by downloads for 2018 is above. App download estimates are from Sensor Towerβs Store Intelligence platform.
#Uber was the second most installed travel app in Europe last year with more than 21 million downloads. Yandex Navigator, Yandex Taxi, and BlaBlaCar made up the remainder of the top five most installed travel apps in the region.
π @PerspectiveIX via SensorTower.
The most downloaded travel category app in Europe for 2018 was Booking with close to 25 million installs. Germanyπ©πͺ, Great Britainπ¬π§, and Franceπ«π· were the top countries with the most new installs of the app. The full top 10 ranking of travel apps in Europe by downloads for 2018 is above. App download estimates are from Sensor Towerβs Store Intelligence platform.
#Uber was the second most installed travel app in Europe last year with more than 21 million downloads. Yandex Navigator, Yandex Taxi, and BlaBlaCar made up the remainder of the top five most installed travel apps in the region.
π @PerspectiveIX via SensorTower.
ββπ° Libra: Facebook confirms its cryptocurrency launching in 2020
#Libra is designed not to be a speculative asset, like #Bitcoin, but a form of digital money backed by a reserve of assets.
The company has formed the nonprofit Libra Association with 27 other partners to oversee Libra and its development. The partnership includes venture capital firms, nonprofit organizations, #cryptocurrency firms, and massive corporate financial, telecommunications, and technology service providers, including #Coinbase, #Mastercard, #Visa, #eBay, #PayPal, #Stripe, #Spotify, #Uber, #Lyft, and #Vodafone.
While the Libra Association will have members based globally, it will be headquartered in Geneva, Switzerlandπ¨π
Facebook has a business incentive to build on top of the Libra #blockchain, and itβs launching its own subsidiary to do just that called #Calibra (see the GIF below - Credit: Facebook). According to Kevin Weil, Facebook's VP of Product, Calibra will live inside of Facebook Messenger and WhatsApp at launch, but will also have a standalone iOS and Android app.
π Read more the Verge.
π @PerspectiveIX
#Libra is designed not to be a speculative asset, like #Bitcoin, but a form of digital money backed by a reserve of assets.
The company has formed the nonprofit Libra Association with 27 other partners to oversee Libra and its development. The partnership includes venture capital firms, nonprofit organizations, #cryptocurrency firms, and massive corporate financial, telecommunications, and technology service providers, including #Coinbase, #Mastercard, #Visa, #eBay, #PayPal, #Stripe, #Spotify, #Uber, #Lyft, and #Vodafone.
While the Libra Association will have members based globally, it will be headquartered in Geneva, Switzerlandπ¨π
Facebook has a business incentive to build on top of the Libra #blockchain, and itβs launching its own subsidiary to do just that called #Calibra (see the GIF below - Credit: Facebook). According to Kevin Weil, Facebook's VP of Product, Calibra will live inside of Facebook Messenger and WhatsApp at launch, but will also have a standalone iOS and Android app.
π Read more the Verge.
π @PerspectiveIX
β€οΈ Ranking of Brand Intimacy During the Coronavirus Pandemic
#Spotify, the audio streaming app with 73 million users in North America, was ranked No. 1 in a study of #brand intimacy as apps strengthened their emotional bonds with consumers during the COVID-19 pandemic. #Pinterest and #AppleMusic came in second and third place.
π³ Related Poll.
#Facebook #Instagram #Pandora #Snapchat #Twitter #Airbnb #Uber
π¦ @perspectiveix via Pulse.
#Spotify, the audio streaming app with 73 million users in North America, was ranked No. 1 in a study of #brand intimacy as apps strengthened their emotional bonds with consumers during the COVID-19 pandemic. #Pinterest and #AppleMusic came in second and third place.
π³ Related Poll.
#Facebook #Instagram #Pandora #Snapchat #Twitter #Airbnb #Uber
π¦ @perspectiveix via Pulse.
Forwarded from π° [ ix daily ]
Tech, Media, and Business News Headlines β Day 3
π #Intel is in talks to acquire #Moovit for ~$1B (link)
π #Uber to require masks or face coverings for drivers and passengers in certain markets (link)
π Security lapse at #Indiaβs #Jio exposed #coronavirus symptom checker results (link)
π #Amazon, #Flipkart, #Ola and #Uber begin to resume their services in #India (link)
π #UberEats exits seven markets (link)
π The 13-inch #MacBook Pro gets #Appleβs much-improved keyboard (link)
π Poynter Instituteβs International Fact-Checking Network launches chatbot on #WhatsApp to debunk thousands of #coronavirus-related hoaxes (link)
π° @iXDaily by @PerspectiveIX
π Weekly Newsletter.
π #Intel is in talks to acquire #Moovit for ~$1B (link)
π #Uber to require masks or face coverings for drivers and passengers in certain markets (link)
π Security lapse at #Indiaβs #Jio exposed #coronavirus symptom checker results (link)
π #Amazon, #Flipkart, #Ola and #Uber begin to resume their services in #India (link)
π #UberEats exits seven markets (link)
π The 13-inch #MacBook Pro gets #Appleβs much-improved keyboard (link)
π Poynter Instituteβs International Fact-Checking Network launches chatbot on #WhatsApp to debunk thousands of #coronavirus-related hoaxes (link)
π° @iXDaily by @PerspectiveIX
π Weekly Newsletter.
Forwarded from π° [ ix daily ]
Tech, Media, and Business News Headlines β Day 5
π #Apple will host a virtual #WWDC this year β starts on 22 June (link)
π #Twitter tests a warning message that tells users to rethink offensive replies (link)
π #Twitter rolls out changes to threaded conversations following tests in its prototype app, #twttr (link)
π #Airbnb cuts 1,900 jobs, around 25% of its global workforce (link)
π #Bitcoin is set for βHalvingβ this month (link)
π Leaked videos show #Lenovoβs first gaming #smartphone (link)
π #Android 11βs public beta to launch with 3 June via live stream (link)
π #Googleβs #Stadia controller will finally work wirelessly with computers starting this week (link)
π #Microsoft launches #SurfaceBook 3 (link) and #SurfaceHeadphones 2 (link)
π #Microsoft offers $100,000 to hack its custom Linux OS (link)
π #Uber lays off 14% of its workforce in COVID-19-related cost-cutting (link)
π #Pinterest Q1: revenue of $272M, vs. $270M est., up 35% YoY; user base grew to 367M MAUs, up 26% YoY (link)
π #EA Q4: revenues of $1.39B, beating expectations of $1.19B, up 12% YoY (link)
#οΈβ£ #EarningsCalls
π° @iXDaily by @PerspectiveIX
π Weekly Newsletter.
π #Apple will host a virtual #WWDC this year β starts on 22 June (link)
π #Twitter tests a warning message that tells users to rethink offensive replies (link)
π #Twitter rolls out changes to threaded conversations following tests in its prototype app, #twttr (link)
π #Airbnb cuts 1,900 jobs, around 25% of its global workforce (link)
π #Bitcoin is set for βHalvingβ this month (link)
π Leaked videos show #Lenovoβs first gaming #smartphone (link)
π #Android 11βs public beta to launch with 3 June via live stream (link)
π #Googleβs #Stadia controller will finally work wirelessly with computers starting this week (link)
π #Microsoft launches #SurfaceBook 3 (link) and #SurfaceHeadphones 2 (link)
π #Microsoft offers $100,000 to hack its custom Linux OS (link)
π #Uber lays off 14% of its workforce in COVID-19-related cost-cutting (link)
π #Pinterest Q1: revenue of $272M, vs. $270M est., up 35% YoY; user base grew to 367M MAUs, up 26% YoY (link)
π #EA Q4: revenues of $1.39B, beating expectations of $1.19B, up 12% YoY (link)
#οΈβ£ #EarningsCalls
π° @iXDaily by @PerspectiveIX
π Weekly Newsletter.