pitnips

6 ms·

1.
by pitnips 11y ago
But how many customers are signed into multiple apps? I don't think very many. And even if competition forces prices to go incredibly low, only the biggest players will survive. Uber's scale will allow it to weather low prices,
2.
by pitnips 11y ago
It's a localized network effect only if they are isolated to local areas. However, most people in the U.S. (especially outside of SF) only have Uber, so the network effect grows stronger as consumers only need one app regardless of the
3.
by pitnips 11y ago
Well, I think you don't understand what a network effect is. From Wikipedia, "A network effect is the effect that one user of a good or service has on the value of that product to other people." It's as simple as this: t
4.
by pitnips 11y ago
Although you may be technically correct, it doesn't change the argument. Their contract terms still force them to try to extract every penny out of customers to maintain profitability. Airlines get squeezed by airports and manufacturer
5.
by pitnips 11y ago
The network effect is the barrier to entry. It's a huge barrier to entry. There wasn't a barrier to entry a few years ago, but now there is a huge one. There won't be more than a few of these companies in the future; it'
6.
by pitnips 11y ago
There's as much difference between Uber and the airline industry as there is in a $10 ride home versus a $250+/person flight. Uber doesn't own any cars. How would better service and lower prices be bad for Uber? It wouldn&#x2
7.
by pitnips 11y ago
Ah, right. Thanks
8.
by pitnips 11y ago
But it is a network effect. The more people that use the service, the better that service will be. If only a few people used Uber, there would only be a few drivers. This would lead to high prices and poor service levels. The more people
9.
by pitnips 11y ago
More users (i.e., your friends) drive higher service levels (more Uber drivers and quicker service times, which spirals). There is no "forcing," just as no one "forces" you to have a Facebook account. If you want bad ser
10.
by pitnips 11y ago
"The attorney, as an outsider to the corporation, owes no fiduciary duty to the corporation’s shareholders so the classical theory would not apply. Under the misappropriation theory, the trade is unlawful because the attorney violated
11.
by pitnips 11y ago
The rebuttal: http://abovethecrowd.com/2014/07/11/how-to-miss-by-a-mile-an...
12.
by pitnips 11y ago
Groupon doesn't have a network effect. Uber has a VERY strong network effect. In fact, it has the type of network effect that can keep its advantage over competitors (see Facebook versus Google+).
13.
by pitnips 11y ago
Uber's revenue will continue to skyrocket. They are not "scaled out," and as revenue exceeds well-beyond $1B and they no longer have solid investment opportunities for growth, their expenses will get in line.
14.
The Tech World’s Blood-Test Darling Gets Nods from the FDA(wired.com)
2 points by pitnips 11y ago|0 comments
15.
by pitnips 11y ago
"In one 25-day span this year, Joyce flew round trip to London 16 times, flights that would retail for more than $125,000. He didn't pay a dime." How is that even possible? Did he never actually leave the airport?
16.
by pitnips 11y ago
Perhaps
17.
by pitnips 11y ago
You get $10k more for living in SF over Nashville. Seriously, $10k? SF has to be somewhere around 50% more expensive than Nashville.
18.
by pitnips 11y ago
Interesting hypothesis http://www.zerohedge.com/news/2015-07-08/what-first-world-cy...
19.
by pitnips 11y ago
China's market has been crashing for a few days now. How does a cyber attack on the NYSE help China? All trades will go through just fine on NASDAQ and BATS.
20.
by pitnips 11y ago
You worked at GS but call it Goldman's?
21.
by pitnips 12y ago
Spot on. Thanks
22.
by pitnips 12y ago
You need to compare "quite affordable" with the $200 price of a smart phone. Because $200 seems "quite affordable" for a smart phone that can do pretty much anything and everything. And I never suggested not having a cel
23.
by pitnips 12y ago
Then they probably don't have enough money for a subscription service, and if they do, they're better off with a non-smart (dumb?) phone.
24.
by pitnips 12y ago
I like your first analogy. Your second analogy, on the other and, seems to me to justify the action. I think Macy's would thank you rather than call the police, but that's just my opinion.
25.
by pitnips 12y ago
There are a lot of one-time expenses involved with going public, so you'd have to strip those out of any extrapolation. But I'm not going anywhere near TWTR.
26.
by pitnips 12y ago
I bought my house after seeing it on Zillow. It never showed up on the Keller Williams site my agent set up for me, and he never knew about the place until we asked about it. It was my first home purchase, so he was very helpful throughout
27.
by pitnips 12y ago
CTRL+E for simple find
28.
by pitnips 12y ago
It probably doesn't factor in currency conversion (i.e., it's likely based on how many USD are spent and ignores the fact that you're making EUR in Alicante). Just a thought at least.
29.
by pitnips 12y ago
In gambling, bookmakers = the market. Just like a lot of demand (unbalanced amount of money) buying up a stock pushes up the price, the same will cause bookmakers to adjust their lines.
30.
by pitnips 12y ago
I've been waiting years for something like this. In the meantime, does anyone have any suggestions of third-party desktop applications that sync with gmail?

More ›