Categories
  • 0 Subscribers
  • +500 Contacts
14 October
2015
Startups
Vistas Views 3313

CREATIVE DESTRUCTION: UBER DISRUPTION

If you have been following my blog, you know I have frequently written about Uber and other marketplaces.   Uber is a fascinating story about how a “simple” app has disrupted a very traditional business.

Recently a blog I read frequently from Rob Gluck, a principal at High Lantern Group, he mentioned an article from the American Enterprise Institute.  Without fear of plagiarizing, I am transcribing word for word, Rob’s short summary:

“The American Enterprise Institute’s Mark Perry offers devastating evidence of how Uber has undone the taxi industry. With a killer chart, Perry shows us that, after tracking the S&P 500 Index for decades, the share price of Medallion Financial – a publicly traded company that buys and resells New York taxi licenses – has fallen by 58% from its November 2013 peak during a time when the S&P 500 has increased by 7.1%”.

grafica uber

This is why taxis are fighting Uber in every city but it’s a lost cause – in the end it is a more efficient way to get transportation.   I do believe, and I said it before, that lawmakers have to adapt laws to make the competition more fair in terms of taxes and permits.  But Uber and similar companies are here to stay – to the great benefit of consumers.




Spotify

Newsletter

Subscribe to my newsletter and receive my blog updates with news and articles about digital advertising, new media, startups and lifestyle.


Popular posts

RAPPI: A LATIN AMERICAN START-UP GETS SELECTED BY Y-COMBINATOR
05 April 2016
Home Slider Startups
RAPPI: A LATIN AMERICAN START-UP GETS SELECTED BY Y-COMBINATOR

It is always great news when a Latin American start-up succeeds in attracting Silicon Valley’s VC money, and even more when one gets selected by the prestigious accelerator Y Combinator. Y Combinator for those of you who do not know is a mega-famous start-up incubator company and seed fund which has supported and invested in […]

THE FORGOTTEN IMPORTANCE OF BRANDING IN DIGITAL ADVERTISTING
02 February 2016
Digital Advertising
THE FORGOTTEN IMPORTANCE OF BRANDING IN DIGITAL ADVERTISTING

eMarketer’s recent projection that said US Digital Display Ad Spending will Surpass Search Ad Spending in 2016 , led me to think that finally Branding is being given the importance it deserves in digital media.   If we analyze the sources of growth in eMarketer’s projection , these seem to support my assumption.   Video, Sponsorships, and […]

AirBnB vs. Marriott: How come it could be worth more?
02 July 2015
Startups
AirBnB vs. Marriott: How come it could be worth more?

In one of my last blog entries, I wrote about Uber.   This time, I am writing about AirBnb, a marketplace selling accommodations. An article on the Wall Street Journal caught my attention: It seems that AirBnB is worth more than Marriott International with its 4,000 hotels under management and US$13.8bn in revenue.  In contrast, AirBnB […]