RIDEGURU
KM LEE (KM)
Ride Apprentice
41 RiderActivity
Posts by KM
-
Why isn't Juno dominating?
I've been looking into the driver and rider friendly policy of Juno in New York, and I see many features … -
Kimp
-
Kimp
News artcles say they were offered a small cash out. Articles also say some drivers are suing.
I’ve had a chance to travel Singapore and some other Asian countries recently, and as you wrote, Grab is really the big dog in those regions. Grab is faster, cheaper, finds exact locations of pickup better than any other ridesharing apps. I’m definitely going for Grab first in my SE asian travels. It’d be ineresting to keep an eye on what they do as a corporate going forward: they’re making this global mobility space more interest, for sure.
Insightful point. So it’s not just commanding supply volume but a tightly correlated demand working in concert; refering to ur chicken & egg analogy.
Good point. Maybe it's a big plot; industry evolving to an era of robotaxis.
Reason why Uber is loosing money in terms of profitablity (I call it war chest-cash burning) is because they subsidise riders with promos...
This is a measure to expand the awareness of ridehailing itself... at least to a certain extend.
Whence they takeaway the subsidies, some customers will show stickiness and still use the service, while others may be less inclined to use ridehailing without the promos(which is practically cash!).
So losses on behalf of big ridesharing cos. like Uber can be viewed as an investment for expanding the market itself..
In short, they will time the market and eventually takeaway most of the subsidies and earn a fortune later on...
As for Juno, they probably won't have lots of war chest like Uber, so they won't have such a big loss on their P&L,
but they can play the econosystem, by penetrating Uber's market by tailoring there pricing system to look more attractive to riders~!
Anyhow, Juno's loss doesn't necessarily have to be as big as the major player.
This is just my opinion...
Less drivers are the biggest difference, as you point out.
But, my initial curiosity was,, with amazing 'driver first' programs wouldn't drivers tend to lean towards Juno more often? (Asuming drivers usually use both apps.) I still see Uber, lyft dominating...
Maybe because brand loyalty? Is there really such a thing?....
Equity share (of 50%) to drivers by 2026 was indeed a sweet offer, but the problem is that Juno was bought out by Gett, and now they are scrapping the equity share plan!!! (Shocking!)