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After nearly 15 years, Uber claims it’s finally turned an annual profit. Between 2014 and 2023, the company set over $31 billion on fire in its quest to drive taxi companies out of business and build a global monopoly. It failed on both fronts, but in the meantime it built an organization that can wield significant power over transportation — and that’s exactly how it got to last week’s milestone. Uber turned a net profit of nearly $1.9 billion in 2023, but what few of the headlines will tell you is that over $1.6 billion of it came from unrealized gains from its holdings in companies like Aurora and Didi. Basically, the value of those shares are up, so on paper it looks like Uber’s core business made a lot more money than it actually did. Whether the companies are really worth that much is another question entirely — but that doesn’t matter to Uber. At least it’s not using the much more deceptive “adjusted EBITDA” metric it spent years getting the media to treat as an accurate picture of its finances. Don’t be fooled into thinking the supposed innovation Uber was meant to deliver is finally bearing fruit. The profit it’s reporting is purely due to exploitative business practices where the worker and consumer are squeezed to serve investors — and technology is the tool to do it. This is the moment CEO Dara Khosrowshahi has been working toward for years, and the plan he’s trying to implement to cement the company’s position should have us all concerned about the future of how we get around and how we work.
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Uber didn’t become a global player in transportation because it wielded technology to more efficiently deliver services to the public. The tens of billions of dollars it lost over the past decade went into undercutting taxis on price and drawing drivers to its service — including some taxi drivers — by promising good wages, only to cut them once the competition posed by taxis had been eroded and consumers had gotten used to turning to the Uber app instead of calling or hailing a cab. As transport analyst Hubert Horan outlined, for-hire rides are not a service that can take advantage of economies of scale like a software or logistics company, meaning just because you deliver more rides doesn’t mean the per-ride cost gets significantly cheaper. Uber actually created a less cost-efficient model because it forces drivers to use their own vehicles and buy their own insurance instead of having a fleet of similar vehicles covered by fleet insurance. Plus, it has a ton of costs your average taxi company doesn’t: a high-paid tech workforce, expensive headquarters scattered around the world, and outrageously compensated executive management like Khosrowshahi, just to name a few. How did Uber cut costs then? By systematically going after the workers that deliver its service. More recently, it took advantage of the cost-of-living crisis to keep them on board in the same way it exploited workers left behind by the financial crisis in the years after its initial launch. Its only real innovation is finding new ways to exploit labor.
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endlich-allein · 11 months
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MERCI ♡ (Paris, 22-07-2023) video by me
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transgenbur · 1 year
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hi guys i see we’re all being excited about whatever im sure great things are currently happening on qsmp and that’s amazing but just know im currently having a category 17 gay AND trans event thank you thats all
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meta-holott · 3 months
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2019 Paris, Yves Gaudin et les filles
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sunburnacoustic · 11 months
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Okay but ^
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LIVE & LOUD IN THE "CITY OF LIGHT" -- "PSYCHOCANDY" ACROSS THE ENGLISH CHANNEL.
PIC(S) INFO: Mega spotlight on Scottish alternative/indie rock band THE JESUS AND MARY CHAIN, during the band's "Psychocandy" era, c. 1985, performing live in Paris, France. 📸: Luke Hayes.
Source: www.picuki.com/media/3341626950362283808.
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mitamicah · 7 days
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#I have thoughts about the new tour yet I am not sure if I should share (given why I do so in tags)#I am not surprised to see denmark is absent#I am a bit surprised to see no scandinavian country AT ALL#not surprised to see germany and the uk have most dates (that's sadly something I've seen a lot from bands/artists I like)#a little befundled with the route he has scheduled for both germany and the uk dates#glad to see other countries like switzerland france and the netherlands get their debut#not surprised it is in october since that seems to be around the same time for his europe antics last year as well#all this said I am a bit conflicted what to do myself#I'd like to go to gigs on this tour#yet I've already run out of the country four times these past upcoming five months (three times to finland)#since it is quite expensive and maybe not something I will have time for given I hopefully get an internship in august#with that in mind I feel like I should probably go for only a few dates#and yet last time I felt very much like I was missing out and overlooked because I didn't go to “more than two shows”#and here is where I feel like my thoughts are probably not great#i was thinking about maybe going for hamburg as first priority since it is the closest (4 hours in train)#then have frankfurt and munich as second priorities making it a little mini tour#I am not sure if I'd physically and mentally be able to do more than three gigs in a row#yet if I am I sort of want to go to zurich too because I've never been there#two days to decide is not very long#I feel very stressed tbh#and I hope noone will take this in any wrong way#please I really dont want to feel shit again#I know my last concert related take was on the fence#(even though as it turned out the venue did worse than me in that regard)#but this one is really just me thinking about what would be the smartest plan#other possible options would be to go for zurich since it is in a weekend (sunday) and then - depending on whether or not I have work#either go home or follow jere to amsterdam (then maybe paris and brussels)#another option is berlin then hamburg and then to home from there (so two shows)#or london and bristol since its the weekend (maybe manchester as well if it is not far - so up to three shows)#the latter I am a bit concerned about since being trans in the uk is not great atm
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lesbienneanarchiste · 1 month
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I wish substack made it clearer who is premium only and who isn't bc I keep following people based on the titles of their posts and their vibe and then I go back to actually read their posts and everything's behind a paywall and listen I am not against writers getting paid for their work but I will say that there is something very annoying and entitled about a personal blog post by a 22 year old with no other writing experience being behind a paywall like who do you think you are lmao
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unkillobel · 3 months
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i keep buying concert tickets like a ravenous beast but holy shit artists actually visit this continent!! i get to see Actual Thom Yorke?? and maybe dunes…..if i can get a random monday off to go to the netherlands. dunes. in front of me. anthony green????
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ginwhisky · 1 year
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I have an extra ticket to see Hozier — tomorrow, Fri 21 April, in Paris @ the Alhambra.
Who wants??
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widemouthmason · 8 months
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Site Updates: Gigography and Tour Dates
Here are upcoming opportunities for you to listen to Wide Mouth Mason’s latest album, Late Night Walking, live (so far)! Upcoming Wide Mouth Mason in 2023 2023.10.21: Guitar Strings and Kidney Things Fundraiser @ Bridgeworks Central (Hamilton, Ontario) 2023.11.01: Aeolian Hall (London, Ontario) 2023.11.02: Dominion Telegraph (Paris, Ontario) 2023.11.03: Horseshoe Tavern (Toronto,…
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twinkandwink · 8 months
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Nowadays Sunday night gigs are a non-starter as I can't hack the fatigue at the start of a working week but I made an exception for Parisienne band En Attendant Ana.  There's some good indiepop coming from Paris at the moment.   Loved every song they played and I could have easily listened to more. 
Track -  Flesh & Blood
En Attendant Ana - The Lanes, Bristol 1st Oct 2023
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transgenbur · 11 months
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we need more wilbur in tank tops at gigs. or in general
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meta-holott · 6 months
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2022 Paris
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sunburnacoustic · 1 year
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Random old gigs - La Cigale, Paris, 17 April, 2001
A fan broke into Matt's hotel room after the gig, creeping him out.
"Matt stated that after this gig, he woke up in the morning to a "clammy" female fan sitting on the end of his bed who he believed had either broken into his room, or had bribed the receptionist. He described this as the most awkward incident he has had with a fan and it is implied that he politely asked her to leave his room."
Setlist:
Micro Cuts
New Born
Uno
Showbiz
Screenager
Feeling Good
Sunburn (on piano)
Hyper Music
Unintended
Hate This & I'll Love You
Citizen Erased
Cave
Fillip
Plug In Baby
Muscle Museum
Bliss
Fan footage (full gig):
youtube
youtube
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THREE OF THE MOST SPIRIT/SOUL/LIFE-CRUSHING BILLS IN THE KNOWN UNIVERSE.
PIC(S) INFO: Spotlight on a show/gig flyer for Osaka-based sludge/DOOM metal band CORRUPTED (headlining), with band's NOOTHGRUSH, DETESTATION, & AXIOM supporting, performing live at the Paris Theatre in Portland, Oregon on October 27, 1997.
EXTRA INFO: Two more show/gig flyers with band's CORRUPTED (Osaka) & HELLCHILD (Tokyo) headlining, and American band's NOOTHGRUSH, DISASSOCIATE, DYSTOPIA, & WORD SALAD supporting, performing live at 924 Gilman & PCH Club, CA, on October 17 & 24, 1997.
Sources: https://gocollect.com/concert-poster/corrupted-paris-theatre-1000-10-27-1000-paris-theatre-oct-27 (go collect 3x).
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