Tuesday, June 10, 2014

Ubernomics and where pie charts fail

With an IPO last week the ridesharing service is reported to now be valued at $18.2 Billion give of take.  I wonder if Warren Buffet is buying any stock? But compare that to the fines the PUC levied against Uber recently in Pittsburgh, a nontrivial sum for some of us of $95,000. In a pie chart the comparison of the two numbers looks like this:



Anyways... lest you think the whole Uber/taxi debate is a Pittsburgh thing, or even if what is happening here is even a footnote elsewhere.... see the headlines today in the UK. BBC: London braced for anti-Uber protests. Also, Bloomberg: Uber Protests Poised to Block Roads From London to Madrid. Or if you prefer on this side of the pond. LaTimes: L.A. taxi drivers to protest Uber, other ride-share apps at City Hall or it you want a little closer to home. BostonGlobe:  Boston Taxi Drivers Hold Rally to Shut Down Uber

So you might think otherwise if reading local coverage of all this, but Pittsburgh may be one of the least contentious cities where Uber is trying to operate.  Ponder that.

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