I was cautious with Meta and sold some last year when I thought it was the top and cost myself a ton of dough. Idk how you predict any of this stuff or even try.
Seems pretty bubbly at the moment. Just a matter of how long you want to try and touch the stove in the short term after this huge run up.
Long term Amazon, Microsoft,
Apple, Google do seem pretty safe though.
Google and Apple do not feel as safe to me as the other two. Search seems a little vulnerable, and without that, what is Google exactly?
Apple because they need something new. And another heavy headset isn't it.
Kind of a side note to this, but it's amazing what some of these companies do in addition to their core businesses.
I'm going to make a longer post about this, but I was just in San Francisco and shocked to see that Google has a fully functioning self-driving taxi system out on the roads there. They're still rolling it out slowly so there's a wait list to sign up by my sister in law got off the waitlist so we were able to just pull up an app (Waymo) like Uber, call a car, and a completely driverless vehicle pulled up and drove us around San Francisco. Like literally, the drivers seat was completely empty, in town, in San Francisco traffic, just ferrying us around like an invisible Uber driver.
How did I not know this was already a thing? How can Uber compete with that?
Is Uber/Lyft way cheaper?
I didn't compare them while I was there but I wouldn't see any reason why, especially since Uber has to pay drivers and google doesn't. I would expect Google could very easily undercut Uber on pricing. Our rides seemed pretty cheap for what they were, but I didn't directly compare what an Uber would have cost for the same ride (because I intentionally wanted to try out the self driving cars).
I was talking with an Uber driver the other day and he was saying 75% of the Uber fare goes to the driver, and 25% to Uber. Not sure if that's accurate or not. And then of course there is tip which goes 100% to the driver. So even if Google just matched Uber's pricing it would be cheaper for riders since there is no tip, and then Google would collect 4x as much on the fare as Uber.
Obviously they then have to buy the cars, maintain them, gas, etc. But it seems like they'd make that up pretty quickly. 100 fares a month at $20/fare average is $2000 earned for Google versus $500 earned for Uber (and that's with Uber's users paying more than $2000 overall since they had to tip). So that's a $1500 difference which seems like it should more than cover the car payment/gas/maintenance.
And that's with 100 fares/month (3.3 per day) which seems way on the low end. I think the Uber driver I was talking to said he shoots for about 20 fares per day. So in that case you're talking about $12,000 collected by Google versus $3,000 collected by Uber, even with Google being 20% cheaper for the rider (no tips).
