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Google is coming for Uber and Lyft
Posted on 8/30/16 at 10:59 pm
Posted on 8/30/16 at 10:59 pm
quote:
Google reportedly launching Waze ride sharing app
Google is launching a new ride-sharing service focused on carpooling, reports The Wall Street Journal. Google launched a carpooling service through its Waze product back in May but it was limited to “a select group of employers” in the Bay Area.
Google will reportedly now open the program to all Waze users in San Francisco, with plans to expand the service if it’s successful. The program will not use Google’s self-driving vehicles, but will instead be a way to connect commuters traveling in the same direction. Most significantly, the service will use non-professional drivers, ideally people who work at the same company as their passengers.
While it is a likely competitor to the carpooling services of Uber Pool and Lyft Line, it would differ significantly in that Google would not have a fleet of drivers ready to pick up customers on-demand. Instead, the company wants to connect drivers with riders on routes they’re driving anyway. The current pilot program, the WSJ notes, charges a maximum of 54 cents per mile (significantly less than Uber and Lyft), and Google doesn’t currently take a cut.
Any Waze user in San Francisco will be able to sign up as a driver, but potential riders will remain limited to employees of a number of large technology companies. In addition, riders are limited to two rides per day — the idea being they would use the service to get to and from work. Waze’s service can likely be thought of as more of a “carpool coordinator” than a ride-on-demand system.
6
Posted on 8/30/16 at 11:01 pm to stendulkar
Doesn't Google own Uber?
Eta
Nvm, Google invested in Uber but doesn't own a large portion.
Eta
Nvm, Google invested in Uber but doesn't own a large portion.
This post was edited on 8/30/16 at 11:03 pm
Posted on 8/30/16 at 11:01 pm to stendulkar
Sometimes it is hard to believe Google can give the world so much free shite essentially on the backs of a few AdSense links.
Posted on 8/30/16 at 11:02 pm to Hulkklogan
quote:
Doesn't Google own Uber?
You joking right? Uber is currently valued at $70B. When they IPO, it will be the biggest IPO ever.
Posted on 8/30/16 at 11:03 pm to stendulkar
I looked it up and Google invested in Uber but doesn't own them. I was mistaken.
Posted on 8/30/16 at 11:05 pm to stendulkar
I don't see how this could ever work in Louisiana, or most places.
Posted on 8/30/16 at 11:08 pm to dgnx6
quote:
don't see how this could ever work in Louisiana, or most places.
Any decent sized metro area already has park and ride programs. DC has one for 395 in the morning and evening when the expressway HOV is 3+ per vehicle. This is just a supplement.
Posted on 8/30/16 at 11:10 pm to stendulkar
quote:
Uber is currently valued at $70B. When they IPO, it will be the biggest IPO ever.
I cannot wrap my head around the fact that Uber is roughly 75% as valuable as McDonald's.
Posted on 8/30/16 at 11:12 pm to slackster
quote:
I cannot wrap my head around the fact that Uber is roughly 75% as valuable as McDonald's.
It's valuation is largely due to its potential and dramatic shifts in the transportation market. Which has more room for expansion than low cost fast food.
Posted on 8/30/16 at 11:13 pm to slackster
Uber has lost over 1 billion dollars in the last year.
I don't get it either.
I don't get it either.
Posted on 8/30/16 at 11:21 pm to Golfer
quote:
Any decent sized metro area already has park and ride programs. DC has one for 395 in the morning and evening when the expressway HOV is 3+ per vehicle. This is just a supplement.
So why wouldn't people just use programs in place or just keep carpooling to work with the people they aready ride with? And I don't know if I have ever seen an hov lane in Louisiana.
Uber and Lyft are direct competition to cabs. With usually better service and more comfortable ride to your destination.
Posted on 8/30/16 at 11:27 pm to dgnx6
quote:
So why wouldn't people just use programs in place or just keep carpooling to work with the people they aready ride with?
I don't think you understand how park and ride's work. Typically they are set park locations and then a bus transport into the city. This is restrictive in both timing and location.
quote:
And I don't know if I have ever seen an hov lane in Louisiana.
I was using the HOV lane on 395 as an example. Since it requires 3+ people, they have points in the suburbs in the morning (grocery store parking lot) that you show up at if you need a ride. And people who are looking for HOV access will swing in and pick up 2-3 people with the understanding that there are drop off points in the city that the driver must go to. But once again it's limited to certain locations
quote:
Uber and Lyft are direct competition to cabs.
They're actually competition to the entire transportation system. At least as it relates to day to day driving/commuting/etc.
This post was edited on 8/30/16 at 11:29 pm
Posted on 8/30/16 at 11:29 pm to Golfer
quote:
It's valuation is largely due to its potential and dramatic shifts in the transportation market. Which has more room for expansion than low cost fast food.
Oh I get that, but look at $70B? 40% more valuable than Ford Motor Company, a company with $7B in net profit last year?
Posted on 8/30/16 at 11:30 pm to doublecutter
Go to a city where it makes no sense to own a car.
$45k+ to purchase a parking spot in your building. Then monthly fees and taxes on a parking spot! Not to mention the $30k+ for the car, and then insurance, gas, maintenance. All to let the car sit unused for 23 hours of the day, aging and depreciating.
It makes no damn sense at all in cities with a good rail public transportation as a backbone, and ride sharing as a supplement.
Now, imagine when automated driving become widespread. Now, there is no cost of paying driver "labor". The costs go down, and profits go up. Win win.
Uber is spending money to grow their brand, and strangle hold on market share.
So when you think of rideshare, you think of Uber.
That way when it's time to have an automated driving service taxiing us around, instead of people all buying cars, they are the service you are using. Now and then.
My average wait time on my last trip to Chicago was around 1 minute. There were literally Uber and Lyft cars, everywhere... always. No stupid fees and taxes like New Orleans adds on. I was spending maybe $25 a day to get everywhere I needed to be on vacation around a large, but vertical city. If you only needed to get back and forth from work most days. That could easily be cut in half. $5 rides were common. Live and work near a train stop? Now it's even cheaper.
You have to go to Vertical cities to appreciate the impact. Everything in this damn state is 45 minutes away.... No public transportation infrastructure worth a damn. Corruption trying to kill rideshare all together. It's a joke.
$45k+ to purchase a parking spot in your building. Then monthly fees and taxes on a parking spot! Not to mention the $30k+ for the car, and then insurance, gas, maintenance. All to let the car sit unused for 23 hours of the day, aging and depreciating.
It makes no damn sense at all in cities with a good rail public transportation as a backbone, and ride sharing as a supplement.
Now, imagine when automated driving become widespread. Now, there is no cost of paying driver "labor". The costs go down, and profits go up. Win win.
Uber is spending money to grow their brand, and strangle hold on market share.
So when you think of rideshare, you think of Uber.
That way when it's time to have an automated driving service taxiing us around, instead of people all buying cars, they are the service you are using. Now and then.
My average wait time on my last trip to Chicago was around 1 minute. There were literally Uber and Lyft cars, everywhere... always. No stupid fees and taxes like New Orleans adds on. I was spending maybe $25 a day to get everywhere I needed to be on vacation around a large, but vertical city. If you only needed to get back and forth from work most days. That could easily be cut in half. $5 rides were common. Live and work near a train stop? Now it's even cheaper.
You have to go to Vertical cities to appreciate the impact. Everything in this damn state is 45 minutes away.... No public transportation infrastructure worth a damn. Corruption trying to kill rideshare all together. It's a joke.
Posted on 8/30/16 at 11:33 pm to Golfer
quote:
They're actually competition to the entire transportation system. At least as it relates to day to day driving/commuting/etc.
The concept can/will revolutionize transportation, but why Uber or Lyft? What competitive advantages do they provide? Of course they have something, but $70B worth of something?
Posted on 8/30/16 at 11:34 pm to stendulkar
I went out last friday. After the bar closed cabs were no where to be found. Every car outside was a driver for Uber.
Posted on 8/30/16 at 11:40 pm to stendulkar
Resistance is futile.
Posted on 8/30/16 at 11:41 pm to slackster
quote:
Oh I get that, but look at $70B? 40% more valuable than Ford Motor Company, a company with $7B in net profit last year?
VCs and investors are not looking at Uber as a taxi or a limo company. They are looking at Uber as a distruptor that will fundamentally change the entire transportation and logistics industries, with driverless cars being a big part of it. That's where the $70B valuation comes from. If technologies like driverless cars take longer to pan out, you will probably see the valuation come down accordingly.
Posted on 8/30/16 at 11:42 pm to stendulkar
It'll end up just like when they tried to come for Facebook. D
Posted on 8/30/16 at 11:47 pm to slackster
quote:
The concept can/will revolutionize transportation, but why Uber or Lyft? What competitive advantages do they provide? Of course they have something, but $70B worth of something?
First to market. Much like your McDonald's example earlier.
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