Tag: Covid-19

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Let zombie unicorn Uber die… to let profitable businesses survive

The coronavirus has crushed the major drivers of Uber’s urban car services demand, including business travel and discretionary urban entertainment (clubs, restaurants, etc.). Their customers remain highly concerned about the health risks of all forms of public transportation.

Last Thursday, Uber announced a first half 2020 GAAP loss of $4.7 billion with a GAAP net margin of (-81%). Uber’s “official” full year 2019 result was a GAAP loss of $8.5 billion with a (-60%) margin, but these were based on problematic accounting that makes it impossible to evaluate Uber’s financial performance properly over time.… Read more

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When Trolls run the Government

UK Prime Minister- Boris- Bojo- Johnson has just announced a self described “Rooseveltian New Deal” for post-Covid UK recovery.  The government’s plan, Bojo’s ‘New Deal’ is set to see £5 billion injected into infrastructure projects up and down the country to create jobs and get the economy moving. Bojo wants to “build, build, build” to fuel his economic recovery, which – according to the man himself – sounds “positively Rooseveltian”.… Read more

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WOW… what’s happening in China!?!

World trade in goods plunged by 12% in April from March, after having already dropped 2.4% in March from February. This plunge of the Merchandise World Trade Monitor, released by CPB, was by far the largest month-to-month drop in the history of the data going back to 2000. Compared to April last year, the index was down 16.2%.


And this can easily be seen in the US data

Exports of goods collapsing 25% in April from March and 30% year-over-year, according to the Commerce Department earlier in June.… Read more

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Early strategy lessons from Covid

I’m currently assessing how we can use people’s TOP of mind awareness of, and interest in Covid-19… here are my thoughts on strategy engagement

1. Hire competent people (hire competent Politicians) stress INTELLIGENCE & SKILL over loyalty

2. Discuss with your people the Long-term desired OUTCOMES ( the WHY)

3. Give your people the resources & capabilities to do the job

4.… Read more