When Uber released its financials, the reasons were political. But the results breathtaking, nonetheless. Uber was founded in March 2009 and in a mere eight years had revenues of $6.5B (gross bookings were $20B). For context, this is comparable to where Google was eight years after inception, and significantly higher than Amazon and Facebook. Without arguing about the nature of revenue, this is still a staggering achievement. In … Continue reading 0 to 60 Hundred Million in Eight Years …. The Genius (AAARGH!!!) of Uber
The skinny repeal was to do away with the individual mandate where individuals are required to buy health insurance or face penalties. It is a bag of lemons. George Akerlov won the Nobel Prize in Economics for a paper he published in 1970 called “The Market for Lemons: Quality Uncertainty and the Market Mechanism”. In it he said that markets could collapse if one side of the … Continue reading “Skinny Repeal” of Obamacare is a Bag of Lemons
One basic philosophy of the Graham-Cassidy bill was to provide decision making authority closer to where the impacts are felt, i.e., the states. Devolution of power is nice, but beware unintended consequences Continue reading Graham-Cassidy Health Care Bill was a Big, Bold … Punt
I was just looking to see how California (home state) did when it came to women’s wages, as compared to men. Really, I was looking to see if there was a connection between women’s representation in state legislatures (a very good thing) and the wage gap. Nothing detailed, just simple armchair empiricism, which is the worst (best?) kind of empiricism. And found nothing obvious. Continue reading States with Greater Gender Wage Disparity Tend to Favor Donald Trump
Something you hear a lot in Silicon Valley is how hard it is for the little guy to compete against the Googles, the Facebooks, and the Amazons of the world. They have a platform. And, it’s hard to compete against a platform. A lot of the value of platforms is driven by data and how that data can be used to optimize business decisions. The … Continue reading Phantoms Menace – in other words Google, Facebook, Amazon …
The four most valuable public companies in the world are, in order, Apple, Google, Microsoft, and Amazon. Samsung is not too shabby either. The aggregate market cap between these five companies is about the same as the combined market cap of the U.K, and exceeds that of France, Germany, and Canada.
So, what does this $2.7T of market muscle have in common? Well, possibly a bit. But, curiously, one is the purposeful push of their own voice assistant speakers. Amazon led the way in 2014. The rest of the Big 4 made announcements subsequently, and Samsung is rumored to be planning one as well. Continue reading Will you walk in to my parlor, said the speaker … from Apple, Amazon, Google, Microsoft, Samsung
The Economist released its fifth annual “glass ceiling index” to commemorate International Women’s Day on March 8. The index ranks OECD countries based on where women have the best (and worst) chance of equal treatment in the workplace. U.S. ranks 20th out of the 29 countries surveyed. Not good. Continue reading The U.S. is a Gender Head Scratcher