This Week in Startups

Tech Earnings Breakdown: $UBER, $LYFT, $KIND with TechCrunch's Alex Wilhelm | E1845

Nov 11, 2023

01:19:04

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TechCrunch journalist Alex Wilhelm joins Jason to breakdown the latest earnings reports from Uber and Lyft. They also discuss WeWork's failed business model, the viability of various careers as AI advances, and more!

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Podcast summary created with Snipd AI

Quick takeaways

Nextdoor is facing financial struggles due to stagnant revenue growth, and should explore new revenue streams to sustain its business.

Proximity to the transaction and scale are crucial for success in the advertising industry, which poses challenges for Nextdoor.

Nextdoor should adopt a multi-strategy approach by implementing a subscription model, increasing its user base, and exploring partnerships or acquisitions to enhance offerings and revenue streams.

Deep dives

Financial Struggles and Advertising Challenges for Nextdoor

Nextdoor, the social app that connects neighbors, is facing financial struggles as its revenue growth remains stagnant. Despite a weekly user increase of 6%, the company's advertising business is not generating significant profits. Nextdoor announced a 25% reduction in staff in an attempt to cut costs. However, the company's current enterprise value is low, leading to doubts about its potential for growth. Analysts suggest that Nextdoor should explore new revenue streams, such as implementing a subscription model for vendors or expanding into local news, to sustain its business and drive profitability.

Introduction

2min

Personal Experiences with Alcohol and Parenting Challenges

5min

Discussion on Uber's profitability, perceptions of a cutthroat company, metrics in SaaS, and KPIs

5min

Uber's Impact on the Taxi Industry and Financials

6min

Uber's Cash Generation, Investor Returns, and CEO Impact

4min

Understanding 'Big Founder Energy' and Financial Realities

9min

Household Help, Tech Startups, and Immigration Policies

4min

Prioritizing Immigration Based on Skills

10min

The Future of Nextdoor and Potential Strategies for Growth

18min

10.

Challenges, Adjusted Accounting, and Transparency

16min

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Today’s show:

TechCrunch's Alex Wilhelm joins Jason to break down the latest earnings reports from Uber (4:04), Lyft (24:28), and Nextdoor (44:15). Then, the two dive into WeWork's failed business model (1:01:44), the viability of various careers as AI advances (38:33), and much more!

Time stamps:

(0:00) Tech Crunch’s Alex Wilhelm joins Jason

(4:04) Uber’s earning report

(7:04) Pirate cut-throat mentality analogy and the money-ball system

(10:11) NetSuite - Download your free KPI Checklist at http://www.netsuite.com/twist

(11:12) Did the press get Uber’s Earnings report right?

(17:39) Uber and the J-Curve

(20:29) Miro - Sign up for a free account at https://www.miro.com/startups

(22:17) Uber, China, and DiDi

(23:14) ZIRP environment playbook to own a market

(24:28) Lyft gets a participation trophy

(25:22) Comparing Lyft to Uber’s Revenue (Quarterly)