The Information reporting on the rape and spillage of an entire global industry …. and they barely bat an eye.
Waymo rides are 30% to 40% more expensive on average than Uber and Lyft on the same routes, according to a recent report by rideshare data analytics firm Obi. The firm analyzed more than 700 ride options across the three apps over the course of a month and found that Waymo’s prices averaged $18.06 per mile, higher than Uber and Lyft, which averaged $13.45 and $12.86, respectively.
What Happened.
- Taxis are expensive.
- We will flood the streets with cars and drivers who will do the same job and the market will decide the price.
- we will pay the drivers of this new fleet less money than existing taxi drivers to keep our costs down.
- new drivers will flock to this model - we will sell the jobs with new language - call it the gig economy - so people will have the feeling that they are in charge.
- This will result in the death of the global taxi business by using your (VC) money to undercut local business across the globe.
- With the taxi business dead, we can then introduce driverless cars.
- This will remove a significant cost of running the cars, since we won’t have to pay people.
- AND - rather than passing that saving on to customers, we will actually put the price of the ride up - back up to the original prices that the old taxis cost, but
1)‘medallion’ costs will have been removed.
2) people costs will have been removed.
3) competition will have been removed.
4) price of the cars in the fleet significantly reduced.
AND the profits from this venture will be consolidated back to our corporate headquarters.
Wow that sounds fantastic - how quick could you execute that plan (asks said VC)
oh - beginning to end? What 15 years?
VC it‘s 2025 - it took 16 years - why so long?
Oh we hit a few bumps in the road if you’ll pardon the pun .. we had to break a few laws, got thrown out of a few cities .. even countries and in the end get the laws changed to suit our business model. Without that we’d have cracked the whole thing in 11 or 12 - but the good news is that as we changed the laws, we worked out how not to pay any taxes and remove money out of circulation in every single country we operate in. So profitability is even higher than we predicted.
No - I’m pretty sure that I am not missing anything.
