Tag Archives: Uber

by | October 21, 2019 · 8:35 pm

The market for alternative proteins could hit $140 billion by 2029

McDonald`s Corporations is expected to report earnings on Tuesday 22 before market open, and the reported EPS forecast for the fiscal Quarter ending September 2019 is $2,21 which is up from last years $2,1 for the same quarter.

So far this year, the stock is up 17% and that is 2% lower than the S&P 500. Nor is it as good as its restaurant peers. Earnings is expected to be $2,21 a share on revenue of $5,48 billion. Previous quarter, they had an earnings of $2,05 a share and revenue of $5,34 billion.

Analysts have praised McDonald`s use of technology and their investments in AI, but also its experience of the Future restaurant remodeling.

Earlier this summer, McDonald`s partnered with Doordash to expand new sales in the direct delivery market. A direct attack on Uber Technologies’ Uber Eats.

McDonald`s is the largest food restaurant in the world and their move to adopt plant-based protein patties for Beyond Meat can give McDonald`s a boost. This is a pilot project and it doesn`t mean that fast food chains will stick to keeping plant based products on the menu.

Beyond Meat is a huge success and partnered with McDonald`s across 28 locations in Canada, but at the same time the company`s burgers were pulled from locations in another big regional Canadian fast food chain called Tim Hortons.

The demand for alternative proteins continues to skyrocket and analysts expect that the plant based products will take a huge bite of the traditional meat industry over the next decade. Barclays believe the market for alternative proteins could hit $140 billion by 2029.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | August 7, 2019 · 7:46 pm

Amazon India is in early stage talks to acquire Uber Eats India

Investors lifted Lyft yesterday. Will they do the same with Uber Technologies which is expected to report earnings on Thursday after market close. The report will be for the fiscal Quarter ending June 2019. The consensus EPS forecast for the quarter is $-3,30.

The New York City Taxi and Limousine Commission votes to extend the cap on the number of permitted Uber drivers in the city for an additional 12 months. Earlier this year, NYC enacted minimum wage rules for ride-hail drivers.

Uber thinks it`s unlikely to receive a five-year license to operate in London, but the ride-hail company expects Transport for London to award a another fifteen-month, short-term license.

Amazon India is interested in entering the food delivery business so that it can add it to the list of services it provides and Amazon is in early stage talks to acquire Uber Eats India, according to Business Standard.

Deliveroo which is backed by Uber and Amazon are planning to acquire the Spanish food delivery startup Glovo. The company was last valued at $950 million and they are planning to go public in 2020.

GrubHub and Just Eat are planning to compete with Uber Eats and Amazon-backed Deliveroo, and they`re in the early stages of a $10 billion merger.

Street consensus calls for revenue of $3,3 billion which is up from Uber`s first-quarter revenue of $3,1 billion with an adjusted Ebitda loss of $869 million. Some investors are worried by Uber`s competiton in the global market and they are concerned about the ability to ever reach profitability.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | June 17, 2019 · 7:10 pm

Facebook has partnered with Visa and Paypal and they will launch Libra on Tuesday

I have been watching Bitcoin and the cryptocurrency market for years now, and so far it has been a bumpy ride. Its not mainstream yet and it seems like Bitcoin is just for traders, and not a currency people around the world use to buy things with. But Facebooks Libra can be a gamechanger.

Mark Zuckerberg and his team is expected to provide details about its brand new cryptocurrency called Libra in a white paper set for release on Tuesday. Only a few trade with Bitcoin, but what do you think will happen if nearly 3 billion users on Facebook start to trade with Libra?

Facebook has partnered with companies like Visa, Paypal and Uber to name a few. They have all invested in the cryptocurrency and will help to oversee its use. Libra will be tied to several traditional fiat currencies in a bid to protect Libra from price volatility.

Bitcoin and the comming cryptocurrency Libra is not alone in the market. There are hundreds of other cryptocurrensies out there and there is more to come. What do you think will happen when Google and Amazon is joining the club?

Barclays analyst Ross Sandler predicted earlier this year that the digital currency could produce as much as $19 billion in new revenue in just two year for Facebook alone. It will be one of the most important milestones for Facebook in the history of the company.

Facebook can really help countries in need. Facebook`s Libra can provide a more stable market in areas with volatile currencies and unstable governments. It can be helpful for countries like Venezuela and other countries with ridiculous inflation.

Mark Zuckerberg`s brand new cryptocurrency platform could provide the embattled social media giant with a new revenue stream of historic proportions as it contends with a possible fedral antitrust probe and continued scrutiny over its data privacy practices.

Facebook`s long-awaited cryptocurrency payments plan will be exposed on Tuesday and analysts are bullish. This is a big and historic moment for Facebook and the world.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | June 11, 2019 · 9:11 pm

Uber and Bolt will compete in London and they have both a licence valid for 15 months

Uber is not alone in the market. Today, on Tuesday, Estonia-based Bolt launced in London. Uber will also face competition from Indian rival Ola which is backed by Softbank and a start-up backed by Chinese competitor Didi Chuxing.

Bolt, which is also know as Taxify have so far 20,000 registered drivers. In addition; the French app Kapten which is often called Chauffeur Privè, has also entered the market in London. Uber have huge competition with Ola in India and CEO and founder of Bolt, Markus Villig said Uber`s monopoly i London has come to an end.

Bolt are charging drivers much less to use its platform than Uber and that will be a huge challenge for Uber. Bolt will take 15% commission while Uber will take 25% commission for most drivers.

Bolt raised $175 million in funding from Daimler last year, along with funding from Transferwise and Chinese ride-hailing app Didi Chuxing.

The competition in the market can be seen in Uber`s revenue growth which have stalled over the past year. Lyft went public in March this year and Uber will face huge competiton in the U.S market.

The Softbank-backed food delivery company DoorDash has also been a national market share leader, and Uber have launched a pilot of its free-floating bike service called Junp in London. A food-delivery service called Uber Eats.

Uber won back a 15-month licence last year and so did Bolt. Uber was banned in London in 2017 because it was found to not be a «fit and proper» operator. The car-hailing app Bolt was also banned by Transport for London in 2017 because it did not have a licence. Bolt waited 18 months for its licence and now it is valid for 15 months.

London Mayor Sadiq Khan has defended the citys right to cap the number of Uber vehicles, and hes faced a lawsuit from drivers who are claiming racial descrimination over the city`s plans to charge them a daily congestion charge.

Forget about expensive taxi rides and slow public transport and move around fast and affordably. Your driver arrives in minutes.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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by | May 7, 2019 · 8:15 pm

Uber is offering 180 million shares for $44 and $50 and that will value the company at about $84 billion

The stock market is declining while the IPO market is hotter than ever this week. At least 15 IPO deals are expected to be priced this week and this is the biggest week since 2015. What most investors are focusing on now is Uber which is the biggest U.S company deal since Facebook in 2012.

Uber is finish with its roadshow in London, Boston and San Francisco, and the company is expected to price the sale on Thursday this week. The demand for the stock is strong and investors have put in orders for at least three times the amount of stock on offer.

Uber can raise as much as $9 billion and if that happen it will be the largest this year. It`s not clear what the price for stock will be but I think that the turmoil in the market at the moment will have an impact of the price range.

Uber is offering 180 million shares for $44 and $50 and that will value the company at about $84 billion. They have $11 billion in revenue and about $50 billion in gross bookings. Like Lyft, they have big operating losses.

Last year, Uber lost $3,03 billion in the 12 months through March. This is the largest loss ever for a U.S startup in the year before an IPO, and they have a lot of challenges.

More than 82% of the revenue comes from ridesharing while 13% comes from food delivery. Uber has a deal with McDonalds and used to get a 20% commission on deliveries. McDonalds renegotiatied the deal, and now Uber gets a 15% commission.

Chief Executive Dara Khosrowshahi is trying to sell Wall Street his vision that Uber will become the dominant force in all forms of transportation. But the competition is intense in many places around the globe.

China have its own Didi Chuxing while India has Zomato and Swiggy for food delivery. Didi is also in Latin America where they compete with Doordash, and all of them in the food delivery business.

Uber and Lyft drivers are planning a strike from 7 am to 9 am on Wednesday to protest their wages, their treatment as independent contractors rather than employees, and the lack of regulation governing the new sector.

Drivers have challenged the ride-sharing companies many times for refusing to deem them employees, which means they are responsible for maintenance of their own vehicles as well as gas and insurance, which greatly reduces the amount they can earn per hour.

Their competitor Lyft went public in April this year and entered the market with its IPO price of $72 per share. The stock soared on their debut but it came down again as IPO`s usually does, and now the stock is trading about 16 percent below its IPO price.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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