Big Technology Podcast Was The Sharing Economy Way Overblown? — With Emil Michael
Apr 12, 2023
Emil Michael, former chief business officer of Uber and now CEO of DPCM Capital, dives deep into the realities of the sharing economy. He unpacks the struggles of giants like Uber and Lyft, addressing the impact of rising interest rates on profitability. Michael also examines DoorDash's innovative success and warns against hasty investments in AI, likening them to historical market bubbles. He sheds light on the regulatory challenges of advanced AI and discusses Miami's potential as a burgeoning tech hub.
AI Snips
Chapters
Transcript
Episode notes
High Uber Prices
- Alex Kantrowitz shares an anecdote about high Uber prices at San Francisco airport.
- He negotiated a lower price with a black car driver, still double the usual Uber fare.
Ride-Sharing Price Increases
- Ride-sharing prices are increasing due to companies aiming for profitability and added taxes/fees.
- This will likely slow ridership growth due to price sensitivity.
Uber CEO's Driver Experience
- Uber CEO Dara Khosrowshahi drove for Uber for the first time and discovered several issues.
- He struggled with signup, tip baiting, and rude riders, highlighting a disconnect from the driver experience.