HGC1898
reacted to
31
HGC1898
reacted to
$Disney (DIS.US)$ Disney is gonna win the streaming wars period. $Netflix (NFLX.US)$ realizes this and is trying to pivot into video games as well to compete with Disney. Netflix is burning way too much cash and is reliant only on streaming. Disney can sustain a streaming slowdown, Netflix can't.
15
2
HGC1898
reacted to
16
HGC1898
reacted to
Initially, I was afraid investing would mean losing my hard-earned money. Thus, I do not invest. That mistake ended up causing me to lose XX of dollars in potential investment gains. Miss the boat on $Amazon (AMZN.US)$
43
4
HGC1898
reacted to
$Alphabet-A (GOOGL.US)$ $MARA Holdings (MARA.US)$ $Airbnb (ABNB.US)$
The above is by no means investment advice, you must make your own judgments when investment involves risks
The above is by no means investment advice, you must make your own judgments when investment involves risks
16
HGC1898
reacted to
The rideshare industry continues to make its slow crawl back to pre-pandemic levels with spending down 31.1% relative to 2019 levels for the week ending October 17th, according to data from research and analytics firm M Science. Uber held 71.8% of the total market for the week, while $Lyft Inc (LYFT.US)$ market share fell to 26.9%. The chart below provided by M Science shows the improvement trend.
M Science's take is that the sequential improvement in the gap between 2021 vs. 2019 is likely an indication of some improvement in the supply/demand imbalance between drivers and riders.
However, even if ridesharing is not yet back to normal, the industry is not stalling out. The sector was jolted during the week by an announcement between $Hertz Global Holdings, Inc. (HTZZ.US)$ and $Uber Technologies (UBER.US)$ on accelerating the adoption of EVs through a new exclusive partnership to make up to 50K Teslas available by 2023 for drivers to rent through the Uber network. Wedbush Securities notes the Uber partnership is the largest expansion of EVs on a mobility platform in North America and starts to lay the groundwork for the long awaited robotaxi network over the next decade from $Tesla (TSLA.US)$.
$Lucid Group (LCID.US)$ CEO Peter Rawlinson doubts that a fleet of robotaxis will be up and running before 2030, but $General Motors (GM.US)$ has a huge investment in the concept through its Cruise autonomous vehicle startup. $Baidu (BIDU.US)$ and $NIO Inc (NIO.US)$ are also testing autonomous vehicles that could one day be used for a robotaxi fleet. Other companies with robotaxi dreams include Waymo $Alphabet-C (GOOG.US)$, $Ford Motor (F.US)$-backed Argo AI and $Amazon (AMZN.US)$ through its Zoox partner. Waiting in the wings for a partner could be $Avis Budget (CAR.US)$. Why the big investments? ARK Invest's Tasha Keeney estimated earlier this year that the autonomous ride-hail total addressable market is as high as $11T to $12T. Lower labor and insurance costs could make margins very attractive at scale for platform winners.
M Science's take is that the sequential improvement in the gap between 2021 vs. 2019 is likely an indication of some improvement in the supply/demand imbalance between drivers and riders.
However, even if ridesharing is not yet back to normal, the industry is not stalling out. The sector was jolted during the week by an announcement between $Hertz Global Holdings, Inc. (HTZZ.US)$ and $Uber Technologies (UBER.US)$ on accelerating the adoption of EVs through a new exclusive partnership to make up to 50K Teslas available by 2023 for drivers to rent through the Uber network. Wedbush Securities notes the Uber partnership is the largest expansion of EVs on a mobility platform in North America and starts to lay the groundwork for the long awaited robotaxi network over the next decade from $Tesla (TSLA.US)$.
$Lucid Group (LCID.US)$ CEO Peter Rawlinson doubts that a fleet of robotaxis will be up and running before 2030, but $General Motors (GM.US)$ has a huge investment in the concept through its Cruise autonomous vehicle startup. $Baidu (BIDU.US)$ and $NIO Inc (NIO.US)$ are also testing autonomous vehicles that could one day be used for a robotaxi fleet. Other companies with robotaxi dreams include Waymo $Alphabet-C (GOOG.US)$, $Ford Motor (F.US)$-backed Argo AI and $Amazon (AMZN.US)$ through its Zoox partner. Waiting in the wings for a partner could be $Avis Budget (CAR.US)$. Why the big investments? ARK Invest's Tasha Keeney estimated earlier this year that the autonomous ride-hail total addressable market is as high as $11T to $12T. Lower labor and insurance costs could make margins very attractive at scale for platform winners.
46
8
2