Thursday, April 27, 2017

OMG, Uber and Grab are not Charity Organizations?!?!

Please refer to this STRAITS TIMES article by SENIOR Transport Correspondent, Christopher Tan.

"Now that they are entrenched, it will be a matter of time before they start doing what they set out to do: Make money."



And also... WTF Straits Times?

I hate to swear, but this is borderline retarded. What's up with this senior transport corespondent? I'm serious. He is either really stupid or he has a hidden agenda. There is no other explanation.

Does he not know that BUSINESSES exists to MAKE MONEY? Like OMG, seriously GMGH? I TOTALLY DID NOT KNOW THAT.

What the freaking flying farting fishcakes.

Okay, so what if he isn't stupid? What's his hidden agenda?

Is it that he is in the pockets of taxi companies? Did his Uber driver cancel his trip last minute? Is he being Greyballed by Uber? Did he get not get his job accepted by any Grab Hitch driver even though he booked 1 week in advance? Was he a secret driver that got kicked out of their system because he got shit star ratings? Is he a communist? A socialist?

That's it. What else could it possibly be? Nothing else makes sense.

This is not the first time I've called Christopher Tan out. He correctly (as did I) forecast the lower COE prices since May 2015 (Cat A: $68,589) to the most recent results (Cat A: $51,600), but he had the wrong reasons for that outcome (in my opinion).

I had a licence for years. I've drove. I've take public transport. I've walked. By golly, I've even cycled as my form of daily commute. For someone with first hand experience navigating the transportation options of our city and many other places in the world, trust me when I say that having Uber and Grab around in our ecosystem is a good thing. And with technology, the future looks even brighter.

There are different ways to use all the different types of Uber/Grab services, and now with fixed pricing and transparent surging, there is even more information (and hence, power) to the consumers. As someone from a household with a car, I can understand that irrational, emotional WANT to own a car, but financially, it is... erm.. stupid? The math doesn't work out. Sure, there's intangible and "priceless" benefits of owning a car, but that's up to each individual to value these intangibles and determine if it's worth it (hint: usually it is not).

This is a prime example of why no one gives 2 shits about the mainstream media anymore. This is some Investment Grade AAA+++ super double plus awesome steaming load of donkey-dinosaur crap. #FakeNews.

This article has pissed the shit out of me. What a freaking joke.


  1. Heheheh why are you even looking at MSM websites for??!?! I don't even glance at Biz Times or The Edge for about 10 yrs liao.

    1. I can't even anymore. My allergies get worked up too much. Haha

  2. The broader point, while not articulated clearly in the article, is that Uber and Grab have been bleeding lots of money (and probably will still continue to bleed) in order to secure their position in the market. So, in that sense, they are looking to MAKE money after LOSING money, which is a fair comment, although not an entirely insightful one.

    1. Hi Anon,

      You are right, that is his ACTUAL point, which was articulated extremely poorly. I think most consumers are aware that prices are subsidized and we were more than happy to enjoy the price wars while these 2 both duke it out.

      However, even without the price wars, from my experience, the only case where uber and grab are more expensive are during (1) holidays / events from specific areas and (2) heavy rain. Still, the convenience factor is there, which could possibly offset the higher price, though not always.

      Consumers who use the current prices now may find that future prices will be higher, once the subsidies drop, especially for users which both companies are easily able to identify as heavily relying on them. Which is why it is good that in our case we have at least 2 players, and with zero guarantees to either players that more cannot be thrown into the fray.

  3. I think you missed CT's point though. I think he is pointing out the possibility of a monopoly (or maybe cartel) eventually forming where consumers have to accept high prices. That is not an outcome we would want.

    Its not a new point, granted , but I dont think its a mainstream view.

    1. Hi Anon,

      CT's horribly subtle point of higher prices is not lost on me. It is his thinking that FOR SOME REASON there should NOT be price increases by the companies in the future.

      We all know that Uber and Grab are slapping each other every week with general promos and even targetted promos for users that they are fighting for. Do they give us such subsidies from the kindness of their heart? I can assure you, it is not.

      Eventually the subsidies will stop and consumers have to look at the unsubsidized fares to see that if it is something that they can accept. With 2 players from different parts of the world and most users having ZERO brand loyalty, they will always be rivals. The idea of a cartel is less applicable to them and more so to the traditional taxis that we have had to put up with for decades. If one dies and a monopoly forms, you can be rest assured that in our capitalist country, it will not be long before a new challenger arrives and people jump ship due to the monopolistic pricing.

      Companies have every right to push out whatever cock and bull pricing to the consumers. This is the main point that he not only misses, but argues against as if it is a sin.

      Consumers have every right to walk away from companies and reject prices that don't suit them. This is the second point that he either missed, or looks down on consumers for being too stupid to understand prices.

      It would have been better if he wrote that consumers should be aware that the prices they pay now for these taxi-alts are subsidized due to in-fighting, and it would be a very realistic and plausible outcome that once the dust settles down in the future, consumers will be looker at higher prices. These higher prices are not due to increased cost of transport, but is in fact due to the increased pricing power of the company since they have so much influence.

      This is opposed to his current "omg guys, Uber and Grab are secret illuminati taxi companies that wants to make money from you."


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