Apr 15, 2019

Uber's IPO shows it views mass transit as a competitor

Jalopnik's Aaron Gordon noticed something important in Uber's big IPO filing that underscores how ride-hailing can cannibalize mass-transit.

What they found: "While the filing does mention the company’s efforts to offer riders 'multi-modal trips' that may include public transportation should they choose, the vast majority of the filing’s mentions of public transit make plainly clear the company sees buses and trains as a competing service," Gordon writes.

  • "Far from being a partner in helping people move around cities, Uber regularly slots public transportation as 'competition' or an obstacle to the company’s 'growth strategy,'" the piece adds.

Why it matters: As we wrote about Friday, some analysts fear that the growth of Uber and similar services will stymie efforts to wring carbon out of transportation and lead to more congestion.

Our thought bubble, per Axios' Kia Kokalitcheva: It’s no surprise that multiple ride-hailing companies, including Uber and Lyft, were born in San Francisco — it’s a proven market where the local public transit doesn’t meet the needs of some residents.

  • Though it recently shut down, the Ford-acquired Chariot commuter bus service was a prime example as it provided a more comfortable alternative to popular bus routes for commuters willing to pay a bit more or who weren’t served by the city’s subways.
  • Similarly, Uber and Lyft’s carpooling options have also become popular among commuters, Kia adds.

Go deeper: How on-demand transportation could make public transit more efficient

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The rematch of the century

Illustration: Eniola Odetunde/Axios

The weekend's biggest sporting event is Wilder-Fury II, which despite its name is not an action movie sequel starring Jean-Claude Van Damme but, rather, a boxing match starring arguably the two best heavyweights in the world.

The backdrop: In their first meeting in December 2018, Deontay Wilder and Tyson Fury put on a memorable show at Staples Center, with Fury surviving a brutal right hand in the 12th round to earn a split-decision draw.

Go deeperArrow12 mins ago - Sports

Pro-Trump warrior takes the helm of U.S. intelligence

Richard Grenell in Berlin. Photo: Sean Gallup/Getty Images

By picking Ambassador Richard Grenell to be acting director of national intelligence, President Trump has slotted a pro-Trump warrior into the ultimate apolitical role.

What they're saying: James Clapper, the longest-serving DNI (2010-2017), tells Axios it's "very worrisome installing a partisan with no real intelligence experience in this position."

Coronavirus kills 2 Diamond Princess passengers as Israel confirms first case

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship — as Israel confirmed its first case among evacuees from the ship.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 76,000 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 1 hour ago - Health