applied know how
Last week I was inspired by a children’s book, today I’m inspired by a brilliant artist… more about Picasso at the end of this post. So we started, last week, by reframing the questions we ask of ourselves to create the raw materials for our business strategy the evergreen SWOT.
Why I like SWOT is that not only is it essential in identifying what to take note of in the environment, but it also enables us to identify how we turn what can be a lifeless list into action.… Read more
Probably not… but they could destroy a few businesses finding out.
Taking one sector of the US market- business rides. IN the past taxis and rental cars were the dominant players, until Uber came along and destroyed these businesses in business hiring. Back in 2014, taxis and rental cars combined still provided 92% of total reimbursed ground transportation for business travel in the US.… Read more
Here are some of the stories about Uber’s 1Q published results.
https://www.wsj.com/articles/ubers-first-quarter-sales-rise-70-as-it-preps-for-ipo-1527107700 https://www.nytimes.com/2018/05/23/technology/uber-finds-profits-in-leaving-tough-overseas-markets.html https://www.bloomberg.com/news/articles/2018-05-23/uber-shows-a-quarterly-profit-sort-of-thanks-to-grab-deal https://www.recode.net/2018/5/23/17380952/uber-2018-financials-yandex-grab-softbank https://www.ft.com/content/d7ab2be4-5e1a-11e8-ad91-e01af256df68
Profitable … So the headlines claim. But the profit is a one-off gain from selling Uber S E Asia to Grab for shares in this unlisted company which Uber then valued at almost US$3 billion.
Fake news; fake profit.
All stories mentioned that Uber’s reported “profit” was entirely due to the one-time $2.94 B accounting “gain” on the Grab sale.… Read more