The founders are living in luxury but...

More and more drivers and delivery staff and protesting around the world. Interesting to see what will happen
 
dredd said:
Nothing will happen. The forces of demand and supply will see to that.
Click to expand...
That's my point actually. The free market SS & DD forces are creating a big gap socially. Big tech like Uber may already have enough data to snuff out any new competitors.

Regulators might come in like in China
 
syed putra said:
I am one of them so I know. Lucky I did not

But uber us still losing. And now didi is in trouble.
Besides, tesla is a real tech company. From software to hardware.
Click to expand...

What's a real tech company or a fake tech company? Facebook is a tech company that hired tens of thousands of staff. They've also lost money for years before they finally turned profitable. Tech companies usually start to make profit once they can scale up their operations and consistently grow yearly revenue at a fast pace.
 
JohnTan said:
What's a real tech company or a fake tech company? Facebook is a tech company that hired tens of thousands of staff. They've also lost money for years before they finally turned profitable. Tech companies usually start to make profit once they can scale up their operations and consistently grow yearly revenue at a fast pace.
Click to expand...
Why are manufacturer of nuclear power plant considered as " brick and mortar" while food delivery snd taxi service are labelled as tech?
 

Grab CEO's family buys S$40 million S'pore Good Class Bungalow in Bin Tong Park​

Tan will be a billionaire in Singapore dollars soon.
Lean Jinghui |
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July 09, 2021, 05:10 PM
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The family of co-founder and CEO of Grab, Anthony Tan, has purchased a property in the Bin Tong Park Good Class Bungalow (GCB) Area in Singapore.


The purchase was made for S$40 million.
According to the Business Times (BT), the deal was completed by Tan's wife, Chloe Tong.
The area is located in District 10, commonly associated with the most affluent of residential estates, near Holland Village and Leedon Park.

Good Class Bungalow​



BT_20210709_KRTAXI9_4640567.jpeg
Via Google Maps

BT reported that the property was sold by a doctor, and that the deal was made a few months prior, and is now completed.
The couple is expected to redevelop the property. It was purchased at S$1,849 per square foot, with a freehold land area of 21,637 square feet.
The bungalow on site is said to have been built in the 1990s.

According to BT, there are currently 39 designated GCB areas in Singapore, designed with strict guidelines set by the Urban Redevelopment Authority (URA).
GCBs are a prestigious "asset class" of their own and considered different from bungalows.
One generally has to be a Singapore citizen to be allowed to acquire a landed property in a GCB Area.

Background of Grab CEO​


According to Forbes, Tan, 39, is Malaysia-born, and a scion of the Tan Chong Motor family, but later became a Singapore citizen in 2016.
He struck out on his own in 2012, co-founding Singapore-based ride-hailing and delivery start-up Grab.
He married Tong, the daughter of Edge Media Group owner Tong Kooi Ong, in 2015.

Grab is set to go public in the U.S. with what Bloomberg called the "largest-ever merger with a blank-cheque company" at US$39.6 billion (S$53 billion) in the fourth quarter of 2021.

The company's investors include giants like Softbank, Didi Chuxing, and Toyota.
While Tan is currently worth USS$380 million (S$514 million), the deal will likely push his net worth to US$829 million, according to the Bloomberg billionaires index.
 
There are differences in tech companies - mainly revenue models. Social media and search engines types rely on advertising. Tech hardware and software types depend on sales and subscriptions.

Analysts are recognising that the Uber revenue model is problematic because it is unable to reap any economies of scale in the long run. ie. A fixed percentage of revenue will have to go to the driver. To keep net revenue up, it can only ramp up transaction volume yet unable to cut down driver commission. Uber has to manage dd and ss for both service providers and consumers. Drivers aren't bound to uber like cab cos and can just not use the app until it's worth their while.
 
Life is very tough for the normal people and losers like me. Made all the wrong choices in life. Living with so much regret. Really feel I deserve to die. I have decided an easier way to commit suicide is to call the police in for a wellness check and then charge at them with a knife when they arrive and they will shoot me dead.
 
nayr69sg said:
Life is very tough for the normal people and losers like me. Made all the wrong choices in life. Living with so much regret. Really feel I deserve to die. I have decided an easier way to commit suicide is to call the police in for a wellness check and then charge at them with a knife when they arrive and they will shoot me dead.
Click to expand...
Just come up eith a "app" and your life will change for the better.
 
Just remember to put cameras everywhere. We want to see it when it happens
nayr69sg said:
Life is very tough for the normal people and losers like me. Made all the wrong choices in life. Living with so much regret. Really feel I deserve to die. I have decided an easier way to commit suicide is to call the police in for a wellness check and then charge at them with a knife when they arrive and they will shoot me dead.
Click to expand...
 
Loofydralb said:
Just remember to put cameras everywhere. We want to see it when it happens
Click to expand...

For sure.

See those people who are looking to end their misery already have options. Of course it is inhumane but hey short term pain long term relief from suffering.
 
They lose SGD500 million every month but founders are ok.
Took their salaries.

Typical of glamorous start-ups that failed.
 
Men never learn.
The bitch will eventually sue for divorce and take half of his assets.
 
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