1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. 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Let's Square handle the 32 00:01:46,880 --> 00:01:49,400 Speaker 1: back end so you can keep pushing your vision forward. 33 00:01:51,640 --> 00:01:54,520 Speaker 1: Why Uber, Well, there's a couple of reasons, and this 34 00:01:54,560 --> 00:01:57,120 Speaker 1: is how we break down from an analytical standpoint, Right, 35 00:01:57,160 --> 00:01:59,680 Speaker 1: it's technical analysis and then it's fundamental analysis. 36 00:01:59,760 --> 00:01:59,880 Speaker 2: Right. 37 00:02:00,040 --> 00:02:02,200 Speaker 1: Yeah, we're going to go into the fundamentals because we 38 00:02:02,240 --> 00:02:04,720 Speaker 1: want to see from a business standpoint, what separates them 39 00:02:04,760 --> 00:02:06,840 Speaker 1: and why are they a great opportunity. 40 00:02:06,920 --> 00:02:08,400 Speaker 2: So this is the call again, We're going to keep 41 00:02:08,400 --> 00:02:09,160 Speaker 2: reiterating it. 42 00:02:09,400 --> 00:02:11,160 Speaker 1: You can write that down, you can circle it, you 43 00:02:11,160 --> 00:02:13,399 Speaker 1: can go to your broken's account tomorrow and say, all right, 44 00:02:13,600 --> 00:02:14,520 Speaker 1: I'm going to put this on. 45 00:02:14,480 --> 00:02:16,760 Speaker 2: My watch list. Well, here's why I liked. 46 00:02:16,600 --> 00:02:18,160 Speaker 1: It, and I think a lot of people in EYL 47 00:02:18,240 --> 00:02:20,440 Speaker 1: you liked it as well. All right, So Uber is 48 00:02:20,480 --> 00:02:23,280 Speaker 1: finally profitable. We talked about this as a ride sharing 49 00:02:23,360 --> 00:02:27,080 Speaker 1: company when it initially ipoed in twenty one, but it 50 00:02:27,160 --> 00:02:30,000 Speaker 1: turned into something so much more and when it started 51 00:02:30,040 --> 00:02:31,639 Speaker 1: it wasn't profitable. 52 00:02:31,560 --> 00:02:32,680 Speaker 2: But it recently has been. 53 00:02:32,840 --> 00:02:36,120 Speaker 1: Right, So they've increased demand for ride sharing and delivery services. 54 00:02:36,120 --> 00:02:39,680 Speaker 2: Obviously, kuber Eats is a huge, huge revenue. 55 00:02:39,320 --> 00:02:42,960 Speaker 1: Generator for them, and they've done cost cost cutting measures potentially, 56 00:02:44,200 --> 00:02:47,040 Speaker 1: and they shipped their growth at all costs to a 57 00:02:47,080 --> 00:02:49,040 Speaker 1: sustainable profitability model, right. 58 00:02:49,080 --> 00:02:51,120 Speaker 2: They want to make sure that they're making money all 59 00:02:51,160 --> 00:02:51,480 Speaker 2: the time. 60 00:02:52,280 --> 00:02:54,520 Speaker 1: That was something that they were accumulating over the first 61 00:02:54,560 --> 00:02:55,520 Speaker 1: three years of business. 62 00:02:55,840 --> 00:02:57,920 Speaker 2: Obviously that didn't work for them. They had to make 63 00:02:57,960 --> 00:02:58,960 Speaker 2: some adjustments and they have. 64 00:02:59,080 --> 00:03:02,040 Speaker 1: They've done the next job, huge congrattator on the entire 65 00:03:02,080 --> 00:03:04,399 Speaker 1: team at Uber from making those adjustments. 66 00:03:04,400 --> 00:03:04,800 Speaker 2: All right. 67 00:03:04,880 --> 00:03:08,160 Speaker 1: So Uber's revenue has consistently grown, but the company also 68 00:03:08,200 --> 00:03:12,320 Speaker 1: implemented cost saving strategies, including job cuts and expanding advertising 69 00:03:12,520 --> 00:03:15,320 Speaker 1: on its platform. So they've done a nice job on that, 70 00:03:15,520 --> 00:03:18,880 Speaker 1: which wasn't always the case inside of the ubers apps, 71 00:03:18,960 --> 00:03:21,440 Speaker 1: but you've also seen them starting to advertise a little 72 00:03:21,480 --> 00:03:25,400 Speaker 1: bit more on linear television and also on streaming services 73 00:03:25,400 --> 00:03:28,200 Speaker 1: as well. So they're getting this thing right, They've adjusted 74 00:03:28,400 --> 00:03:29,680 Speaker 1: and the adjustment is paid off. 75 00:03:30,080 --> 00:03:34,320 Speaker 2: Why else do we like Uber? All two words? Autonomous vehicles? Yes, 76 00:03:34,520 --> 00:03:35,080 Speaker 2: that is right. 77 00:03:35,120 --> 00:03:38,720 Speaker 1: Autonomous driving will be a game changer, like it or not. 78 00:03:42,360 --> 00:03:46,440 Speaker 1: This is going to fundamentally transform the transportation economy, right, 79 00:03:46,480 --> 00:03:48,960 Speaker 1: this is going to disrupt everything. Now, when we talk 80 00:03:49,000 --> 00:03:53,160 Speaker 1: about Uber, we always think about hm. Who makes money 81 00:03:53,160 --> 00:03:55,840 Speaker 1: in business? And if you know business, you know it's 82 00:03:55,840 --> 00:03:58,480 Speaker 1: the middle man, right, And so we always use Amazon 83 00:03:58,520 --> 00:04:01,720 Speaker 1: as an example of Amazon doesn't make a product, but 84 00:04:02,040 --> 00:04:05,240 Speaker 1: what they do is make sure that products can make 85 00:04:05,280 --> 00:04:05,800 Speaker 1: it to you. 86 00:04:06,000 --> 00:04:06,200 Speaker 2: Right. 87 00:04:06,240 --> 00:04:08,440 Speaker 1: So you have the person that creates the product, you 88 00:04:08,520 --> 00:04:10,440 Speaker 1: have the person that needs the product, and you have 89 00:04:10,520 --> 00:04:14,640 Speaker 1: the middle person that delivers, picks ups and ships to you. 90 00:04:14,880 --> 00:04:15,040 Speaker 2: Right. 91 00:04:15,080 --> 00:04:18,360 Speaker 1: So that middle man is Amazon In this case, Uber 92 00:04:18,440 --> 00:04:22,320 Speaker 1: is just that right. Uber doesn't own a car, right, 93 00:04:23,839 --> 00:04:25,479 Speaker 1: Uber doesn't need the ride. 94 00:04:25,760 --> 00:04:28,080 Speaker 2: Right. They're not the person and they're not the vehicle. 95 00:04:28,120 --> 00:04:31,840 Speaker 1: They're not a automobi built company. 96 00:04:32,160 --> 00:04:37,440 Speaker 2: They are a service that provides ride sharing and services 97 00:04:37,520 --> 00:04:40,200 Speaker 2: to people to get to and from places. 98 00:04:40,520 --> 00:04:43,240 Speaker 1: And so when you think about that, they don't have 99 00:04:43,320 --> 00:04:46,000 Speaker 1: to make a vehicle, right, which is high costs and 100 00:04:46,040 --> 00:04:46,680 Speaker 1: the margins. 101 00:04:46,680 --> 00:04:49,880 Speaker 2: And we can tell from some of the. 102 00:04:48,920 --> 00:04:52,400 Speaker 1: Automotive industry companies that we know, right they're not making 103 00:04:52,720 --> 00:04:54,200 Speaker 1: as much as a positive as they like. 104 00:04:54,200 --> 00:04:56,240 Speaker 2: In fact, some of them, they're going to. 105 00:04:56,200 --> 00:04:59,080 Speaker 1: Be in for a rude awakening here in the future 106 00:04:59,080 --> 00:05:01,360 Speaker 1: when autonomous to scale. 107 00:05:01,640 --> 00:05:02,800 Speaker 2: But they have a role in. 108 00:05:02,760 --> 00:05:07,880 Speaker 1: This ecosystem where they are not just doing ride sharing, 109 00:05:07,880 --> 00:05:11,920 Speaker 1: they're actually creating a technological platform that more people are 110 00:05:11,920 --> 00:05:17,920 Speaker 1: going to be able to use. All right, So here 111 00:05:18,120 --> 00:05:21,280 Speaker 1: is the competitive mode. Why do we like Uber so much? Well, 112 00:05:21,320 --> 00:05:25,000 Speaker 1: a couple of things. Uber has already has a massive 113 00:05:25,000 --> 00:05:27,479 Speaker 1: global network of writers and infrastructure. 114 00:05:27,520 --> 00:05:28,240 Speaker 2: They built that out. 115 00:05:28,240 --> 00:05:30,080 Speaker 1: So if you think of the number two in the 116 00:05:30,120 --> 00:05:33,960 Speaker 1: space is probably Lyft, which is cool, but Lyft and 117 00:05:34,040 --> 00:05:37,880 Speaker 1: Uber are completely different in terms of business structure. In fact, 118 00:05:38,160 --> 00:05:41,920 Speaker 1: Uber is almost becoming synonymous with ride sharing services. 119 00:05:42,000 --> 00:05:42,120 Speaker 2: Right. 120 00:05:42,160 --> 00:05:45,240 Speaker 1: It's almost like when we think of adhesive bantages, we 121 00:05:45,279 --> 00:05:45,880 Speaker 1: think bandaid. 122 00:05:46,000 --> 00:05:47,840 Speaker 2: When we think of ride sharing, we think of Uber. 123 00:05:48,640 --> 00:05:52,080 Speaker 1: They already have right present day over two hundred million 124 00:05:52,160 --> 00:05:53,479 Speaker 1: monthly active users. 125 00:05:53,800 --> 00:05:55,640 Speaker 2: That's a lot. That's a lot, and that's only going 126 00:05:55,720 --> 00:05:55,960 Speaker 2: to grow. 127 00:05:55,960 --> 00:05:59,119 Speaker 1: When you talk about international opportunity, when you're talking about 128 00:05:59,160 --> 00:06:01,640 Speaker 1: business opportunity, and now when you talk it out about 129 00:06:01,640 --> 00:06:05,960 Speaker 1: potential autonomous driving. Right, Uber also has a vast amount 130 00:06:06,000 --> 00:06:11,000 Speaker 1: of real traffic routes, logistical algorithms, driver writer matching and 131 00:06:11,080 --> 00:06:15,040 Speaker 1: payment systems, a demand data and customer support. So they 132 00:06:15,080 --> 00:06:18,960 Speaker 1: have all the infrastructure ready for this monumental shift that 133 00:06:19,000 --> 00:06:22,839 Speaker 1: could potentially be happening in the automotive space. Now, why 134 00:06:22,880 --> 00:06:26,880 Speaker 1: does that make sense? Well, partnerships are important, right. If 135 00:06:26,880 --> 00:06:29,200 Speaker 1: they don't make vehicles, they need to align themselves with 136 00:06:29,240 --> 00:06:30,000 Speaker 1: companies that do. 137 00:06:30,520 --> 00:06:34,440 Speaker 2: And there is a company that does have autonomous vehicles 138 00:06:34,480 --> 00:06:37,320 Speaker 2: and their name is Weimo. That's right. 139 00:06:37,680 --> 00:06:40,680 Speaker 1: We talked about this a few weeks ago. Uber has 140 00:06:40,680 --> 00:06:43,960 Speaker 1: already partnered with Waymo. In fact, if you're in Austin, Texas, 141 00:06:44,080 --> 00:06:46,039 Speaker 1: if you're in Atlanta at Georgia, and we actually saw 142 00:06:46,080 --> 00:06:48,760 Speaker 1: this on the road in Atlanta. I think Shotty posted 143 00:06:48,800 --> 00:06:51,320 Speaker 1: it in one of his stories. There was autonomous vehicle 144 00:06:51,360 --> 00:06:53,720 Speaker 1: that was driving. But why does that make sense for Uber? Well, 145 00:06:53,760 --> 00:06:56,880 Speaker 1: like I said, if you look at their revenue model 146 00:06:56,920 --> 00:06:58,680 Speaker 1: and their expense sheet. 147 00:06:59,000 --> 00:07:03,280 Speaker 2: Right, the majority of their expenses goes. 148 00:07:03,080 --> 00:07:06,080 Speaker 1: Out to one key category in their business model, and 149 00:07:06,120 --> 00:07:07,880 Speaker 1: that is the driver. 150 00:07:08,600 --> 00:07:12,440 Speaker 2: Well, if I removed the driver from. 151 00:07:12,440 --> 00:07:17,320 Speaker 1: The balance sheet temporarily, right, if I remove it, hypothetically, 152 00:07:19,800 --> 00:07:21,920 Speaker 1: my revenue is going to go up because I no 153 00:07:22,000 --> 00:07:23,640 Speaker 1: longer have to pay for the driver. 154 00:07:23,720 --> 00:07:26,360 Speaker 2: I no longer have to pay for his insurance. Right. 155 00:07:26,400 --> 00:07:30,480 Speaker 1: And so now you start seeing ways of increasing revenue 156 00:07:31,240 --> 00:07:34,800 Speaker 1: by switching from a service that you had to a 157 00:07:34,880 --> 00:07:37,680 Speaker 1: service that is going to potentially disrupt the way of 158 00:07:37,680 --> 00:07:40,800 Speaker 1: the future for your space. And so Waymo's a key partnership. 159 00:07:40,840 --> 00:07:43,800 Speaker 1: Like I said, Atlanta has already implemented it, Texas, Austin, 160 00:07:43,880 --> 00:07:47,720 Speaker 1: Textas has it. New York is applying for application to 161 00:07:47,760 --> 00:07:51,080 Speaker 1: see how way Moore moves in its jurisdiction, and. 162 00:07:52,640 --> 00:07:54,200 Speaker 2: Philadelphia is next up. 163 00:07:54,600 --> 00:07:56,600 Speaker 1: And so when we take all these things into account, 164 00:07:56,600 --> 00:07:59,160 Speaker 1: you can see why two to three years out, I'm 165 00:07:59,160 --> 00:08:03,440 Speaker 1: looking at uber as something that has potential growth on 166 00:08:03,520 --> 00:08:07,000 Speaker 1: the upside, a lot of positives. Now we can talk 167 00:08:07,040 --> 00:08:10,000 Speaker 1: about Tesla. Yeah, Tesla mixed vehicles. So that's going to 168 00:08:10,040 --> 00:08:13,160 Speaker 1: be a cost expense in Tesla. Let's go back to 169 00:08:13,200 --> 00:08:15,960 Speaker 1: that last lot. Tesla doesn't have this last key piece 170 00:08:16,000 --> 00:08:19,360 Speaker 1: down here, right, They don't have the logistical algorithms, they 171 00:08:19,360 --> 00:08:21,640 Speaker 1: don't have driver a ready magic. Now there is a 172 00:08:21,640 --> 00:08:24,600 Speaker 1: button inside of the new Tesla model that can shift that. 173 00:08:24,720 --> 00:08:27,840 Speaker 2: But what Uber does have is trust. Right. 174 00:08:27,920 --> 00:08:31,680 Speaker 1: I used to talk about to my peers, and I'm saying, hey, 175 00:08:32,000 --> 00:08:34,360 Speaker 1: can you imagine the time when you were younger where 176 00:08:34,360 --> 00:08:35,920 Speaker 1: you would get in the car with a stranger and 177 00:08:36,000 --> 00:08:37,319 Speaker 1: you would tell them to take you somewhere and that 178 00:08:37,360 --> 00:08:37,920 Speaker 1: would be okay. 179 00:08:37,960 --> 00:08:41,719 Speaker 2: Your parents would trust that. And Uber has just gradually 180 00:08:41,800 --> 00:08:44,400 Speaker 2: done that for us. Right, We're liable to put our. 181 00:08:44,360 --> 00:08:48,560 Speaker 1: Young teens and sometimes our young school and children in 182 00:08:48,760 --> 00:08:52,720 Speaker 1: ubers to get to and from places. So they've built 183 00:08:52,760 --> 00:08:55,040 Speaker 1: up a trust. Tesla is going to have to It's 184 00:08:55,080 --> 00:08:56,640 Speaker 1: gonna take time for them to do that. The fastest 185 00:08:56,679 --> 00:08:58,440 Speaker 1: way for them to do that which potentially partner with 186 00:08:58,440 --> 00:09:01,560 Speaker 1: a company like Uber, such as what Raimo has done, 187 00:09:02,200 --> 00:09:03,800 Speaker 1: and that could be a game changer as well. 188 00:09:03,840 --> 00:09:05,280 Speaker 2: So Uber is something that we like. 189 00:09:05,559 --> 00:09:09,240 Speaker 3: An illegal alien from Guatemala charged with raping a child 190 00:09:09,240 --> 00:09:13,040 Speaker 3: in Massachusetts. An MS thirteen gang member from Al Salvador 191 00:09:13,280 --> 00:09:17,440 Speaker 3: accused of murdering a Texas man of Venezuelan charged with 192 00:09:17,480 --> 00:09:21,400 Speaker 3: filming and selling child pornography in Michigan. These are just 193 00:09:21,480 --> 00:09:25,200 Speaker 3: some of the heinous migrant criminals caught because of President 194 00:09:25,280 --> 00:09:28,880 Speaker 3: Donald J. Trump's leadership. 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