Why? According to Bloomberg:
After touting profitability in the U.S. early this year, the ride-hailing company is said to post second-quarter losses exceeding $100 million.
A main source of the losses: subsidizing Uber drivers. As Christopher Mims commented on Twitter, “So Uber is a giant machine for transferring wealth from venture capitalists to underemployed Americans”. This is both clever and something that can’t go on indefinitely. It makes clearer to me now why Uber is keen to make self driving cars work. Sure, Uber could charge more for cabs or pay cab drivers less, but in either case, they risk losing market share.
The losses this quarter certainly are an inflection point. It remains to be see if it is a crisis point. That will depend on how the VCs see this loss. I believe they will have patience and they haven’t reached a crisis point yet. Uber should hope that their investors have the same patience that Amazon’s investors have.
For the rest of the story, see: Uber Loses at Least $1.2 Billion in First Half of 2016 – Bloomberg (Image above via the Bloomberg article)
There is a technology industry. Specifically, there is an information technology industry. There are lots of companies, big and small, whose sole aim is providing information technology products and services. Take a look at this list: they are some of the largest companies in the world whose purpose is I.T. They don’t focus on food, or entertainment, or logistics, or advertising: they focus on information technology.
The point he seems to be raising in his piece: There is no “technology industry” — Humane Tech — Medium is that there are companies leveraging I.T. that are considered tech companies, but aren’t. That’s a valid point. But that doesn’t mean there isn’t a technology industry. Should we treat these companies differently that I.T. companies? Possibly. Companies like Theranos, for example, partially ran into trouble because they were treated the way a I.T. startup should be treated, when in my opinion they should have been treated more like a pharmaceutical or medical equipment company is treated. It’s important to look at what the companies do and not just how they model their business.
Towards the end of the piece, he says, “All it takes is a little discipline in how we communicate”. I agree.
Posted in IT
Tagged IT, technology, theranos
Watching athletics events like javelin and discus, you might think that the sports for the Olympics have been constant since the beginning of the modern games. But as this shows, Unusual and Discontinued Olympic Sports, there are many sports and events that have been dropped since the revival of the modern day Olympics. In particular there was a lot of tinkering in the early years. Not that that is stopping: many sports have been added in the last few decades, and some (e.g. softball) have been dropped.
It would be sad to see your sport dropped from the Olympics, though it would be something to be the last Olympic record holder for it.
Enjoy this year’s Olympics in Rio.
Posted in sports
Tagged Olympics, sports
After reading these three profiles on Peter Thiel in the New Yorker:
1. From 2011: No Death, No Taxes – The New Yorker
2. From 2016, just after he spoke at the Republican Convention: Peter Thiel’s Conservative Vision – The New Yorker
3. From May 2016, How Peter Thiel’s Gawker Battle Could Open a War Against the Press – The New Yorker
What came to mind is the decline of his reputation in the last half decade. A decline he has brought on himself. Whatever you thought of him in 2011 — if you thought of him at all — you likely joined a majority by 2016 in thinking poorly of him.
I’m just putting this here for now. I am sure his reputation will decline further, and I want to revisit that when it happens.
I read an awful lot about food on my iPad and my iPhone, and as I do, I save the links on Instapaper.com or getPocket.com. You might not believe it, but I don’t blog all of them. The ones I do post, like the ones you see below, are ones I think people who love to cook or love to eat (or both!) would enjoy. So…enjoy!🙂
- Here’s a good review of one of Mark Bittman’s latest books: The new fast food: Why Mark Bittman is revolutionizing the recipe with How To Cook Everything Fast | National Post
- If you want to jazz up the presentation of your food, consider this: How To Plate Food Like A 3-Star Michelin Chef | Co.Design | business + design
- Of course what is a good plating without some good sauces. Here’s some you can try: Simple Pan Sauces : The Reluctant Gourmet. Here’s more from the same site: How to Make Reduction Sauces : The Reluctant Gourmet. A great sauce can make a dish.
- If you think you need to run a fancy restaurant to win a Michelin star, read this and change your mind: Michelin star for Singapore noodle stall where lunch is half the price of a Big Mac | Life and style | The Guardian.
- If you are struggling with dieting, you might find this useful: Hunger is psychological – and dieting only makes it worse | Aeon Essays
- Any good cook should know some fundamentals. The site Food 52 is helpful with articles like this: The 10 Dishes to Know By Heart This Year. I think part of the fundamentals of cooking is knowing how to make a good stock. If you don’t know how, check this out: How to make soup stock – Chatelaine
- Some simple but good pasta recipes, here: A niçoise pasta that you can make with whatever’s in the pantry | Metro News and here: Orecchiette with turkey and broccoli in less than 30 minutes | Metro News and here: Macaroni Milanaise Recipe – NYT Cooking
- If you feel like more of a challenge, try this: Bouillabaisse – Lucky Peach
- If you don’t feel like cooking at all and just want to drink wine and eat cheese, this can help: 13 Helpful Diagrams For People Who Only Care About Cheese
- This says “Summer Express”, but you can easily use it all year round: Summer Express: 101 Simple Meals Ready in 10 Minutes or Less – The New York Times
- This is dead simple. And if you have this, you can make pulled pork sandwiches, enchilladas, etc. Slow-Cooker Pulled-Pork Tacos Recipe | Real Simple
No doubt this game of cat and mouse will go on for some time. For Adblock to prosper, they need to block ads on Facebook. Likewise, for Facebook there is too much money at stake to allow Adblock to block their ads. For details on this, see: Adblock Plus and (a little) more: FB reblock: ad-blocking community finds workaround to Facebook
One thing for sure: developers from both sides will be pushing out changes on a regular basis as this battle heats up.
Of course, behind such tactics, the deeper questions are left unresolved, questions around business models and the viability of services without access to advertising revenue.