#Piling Contractors
Explore tagged Tumblr posts
Text
When is Bored Piling Used?
Discover the applications and benefits of bored piling in construction. This informative guide explores when to use bored piling, its advantages in challenging soil conditions, urban settings, and renovation projects. Learn how this technique provides strong, efficient foundations for various building needs.
#screw piling#screw pile suppliers#piling companies#piling experts#piling contractors#bored piling#bored pile#screw piling central coast#screw piling newcastle#screw piling sydney#piling
0 notes
Text
Piling Contractors Melbourne
For top-quality Melbourne piling services, Vic Demolition is your go-to provider. We specialize in a wide range of piling and foundation solutions that ensure the stability and longevity of your construction projects. Whether it’s for residential, commercial, or industrial purposes, our team delivers reliable and efficient piling services across Melbourne. At Vic Demolition, our foundation…
#+demolition in Melbourne#Asbestos Removal#Asbestos Removal in Melbourne#Demolition Services#Demolition Services in Melbourne#Excavation in Melbourne#Excavation Services in Melbourne#Piling Contractors#Piling Contractors in Melbourne#Piling Contractors Melbourne#Shotcreting in Melbourne#Shotcreting Services in Melbourne
0 notes
Text
#infrastructure#architecture#civil engineering#construction#construction company#road work#mccance#uk#Piling#Piling Contractors#Piling works in surrey#Piling works in uk
0 notes
Text
The efficiency and precision of piling machines have revolutionized foundation engineering for skyscrapers.
Read More: https://cmibloggers.blogspot.com/2023/06/piling-machine-101-understanding-basics.html
#coherent market insights#Construction Engineering Industry#global piling machine market#Piling equipment#Foundation construction#Deep foundations#Pile driving#Pile drilling#Piling contractors
0 notes
Text
fascinated/horrified by this set of tweets…
#family and guests take their shoes off in my house#contractors and plumbers take their shoes off in my house#it's so incredibly rude#to track mud/snow/dogcrap into somebody's house#i don't know where your shoes have been#be respectful#leave your shoes in a big pile at the door#maybe it's just a canadian thing#but we even take our shoes off at doctor's offices#when the weather is gross so you don't track snow inside#and my floors CAN be sat on#because i sweep and mop and vacuum them#and no one is tracking in grossness from outside
29K notes
·
View notes
Text
How to Choose the Right Contractor for Piled Raft Foundation in London
The success of any construction project involving a Piled Raft Foundation depends significantly on the expertise of the contractor you choose. A piled raft foundation is a specialized technique combining piles and a raft to efficiently transfer building loads to the soil, offering stability in challenging conditions. In a city like London, where soil types can vary, finding the right Piled Raft Foundation Contractors is crucial to ensuring structural integrity and project success.
Here’s a comprehensive guide to help you choose the right contractor for your project in London.
1. Look for Experience and Expertise
Piled raft foundations are complex and require specialized knowledge. When evaluating contractors, prioritize those with extensive experience in this specific area. Contractors with a proven track record in Piled Raft Foundation London projects are better equipped to handle the challenges unique to the region’s soil and environmental conditions.
Ask for references and review their portfolio to assess their expertise in similar projects. A seasoned contractor will understand how to design and implement the foundation effectively to support your building’s load requirements.
2.Verify Certifications and Qualifications
Ensure that the contractor holds all necessary certifications and qualifications. This includes:
Professional accreditation with industry bodies.
Compliance with UK construction standards and building codes.
Expertise in advanced piling and foundation techniques.
Qualified Piled Raft Foundation Contractors are more likely to deliver a safe and durable foundation.
3.Assess Their Equipment and Technology
Modern equipment and technology play a vital role in achieving precise results in piled raft foundation construction. A reputable contractor will use state-of-the-art machinery and software for soil analysis, load testing, and foundation design.
Advanced tools not only enhance efficiency but also ensure the foundation is constructed with minimal risk and maximum accuracy.
4. Evaluate Their Understanding of Local Conditions
London’s diverse soil conditions can pose unique challenges for foundation work. The contractor you choose should have in-depth knowledge of the area’s geology and regulatory requirements.
Experienced Piled Raft Foundation London contractors will consider factors such as soil type, groundwater levels, and load distribution to design a foundation that meets your building’s specific needs.
5.Check Reviews and Testimonials
Customer feedback is an invaluable resource when selecting a contractor. Look for reviews and testimonials online or request references from previous clients. Positive feedback regarding their reliability, communication, and quality of work can give you confidence in your choice.
6.Compare Pricing and Contracts
While cost shouldn’t be the sole deciding factor, it’s essential to choose a contractor who offers competitive and transparent pricing. Review multiple quotes and ensure the contract includes all project details, such as timelines, materials, and warranties.
Beware of contractors who offer unusually low bids, as this may indicate compromises in quality.
7.Prioritize Communication and Professionalism
A successful project relies on clear communication between you and the contractor. Choose a contractor who listens to your requirements, provides regular updates, and addresses any concerns promptly.
Professionalism in their approach and transparency in their processes are indicators of a reliable contractor.
Conclusion
Choosing the right contractor for a Piled Raft Foundation in London requires careful research and evaluation. By prioritizing experience, qualifications, and local expertise, you can ensure your project is completed to the highest standards.
Partnering with professional Piled Raft Foundation Contractors guarantees a foundation that is safe, durable, and tailored to your building’s needs. Take the time to compare options, and make an informed choice to set your construction project on a solid foundation.
For expert solutions in Piled Raft Foundation London, consult industry leaders who specialize in delivering quality and reliability in every project.
#scp foundation#piled raft foundation#foundation repair#foundation contractors#foundation#the foundations of decay
0 notes
Text
Need The Best Piling Contractors In Sydney?
Piling contractors in Sydney plays an important part in this city's busy metropolis, where skyscrapers touch the sky and infrastructure construction never seems to stop. These unsung construction heroes form the foundation of every high structure, ensuring stability and resilience.
0 notes
Text
Expert Piling Contractor Services Near Melbourne | Madmax Excavations
MadMax Excavations offers professional piling contractor services across Melbourne, specializing in reliable and efficient foundation solutions for residential, commercial, and infrastructure projects. Visit their website to learn more about their piling services and how they can support your construction project.
0 notes
Text
Get the Best Repair Services with Our Helifix Micro Pile System
ASRS Ltd is a leading provider of best in class structural repair services. Our helifix micro piling system is highly effective and quite simple at the same time. We are a renowned expert in micro pile structural repairs, delivering innovative solutions for foundational stabilization and support. Our services are crucial for reinforcing foundations in areas with poor soil conditions, high loads, or restricted access. Utilizing advanced technology and industry best practices, ASRS Ltd ensures that each micro pile installation meets stringent safety and quality standards.
Our experienced team conducts thorough site assessments to tailor solutions that best fit the unique needs of each project. ASRS Ltd is a leader in providing reliable and durable repairs. All our clients are happy with our professionalism, technical expertise, and commitment to project timelines. By choosing ASRS Ltd, you will benefit from a partner dedicated to delivering robust, long-lasting structural repairs that enhance the integrity and safety of their properties.
0 notes
Video
youtube
All Tractor Attachments ( Call :- +91-7987366974 )
#youtube#grader#motor grader#tractor#tractorattachments#loader#e loader manufacturer#power loader#trencher#piling#dozer#boring#road construction#road maintenance#digger#heavymachinery#madeinindia#makeinindia#contractor
0 notes
Text
Looking for a professional piling contractors Melbourne that ensures efficient and quality-driven outcomes through innovation and experience. RMJ Drilling is a leading rock drilling contractor in Melbourne, providing core barrelling, basement drilling, and other drilling services.
piling contractors melbourne
0 notes
Text
How to Avoid Common Mistakes in Screw Piling?
Learn how to avoid common mistakes in screw piling with our expert tips and best practices. Enhance your installation process, ensure structural stability, and save time and costs with this essential guide.
#piling companies#piling experts#screw piling#screw pile suppliers#piling contractors#screw piling central coast#screw piling newcastle#screw piling sydney#bored piling#piling
0 notes
Text
And a good executive dysfunction to you!
My stomach hurts.
I don't want to draw right now, but I really do want to draw in general. Just not now. Maybe... now?
No. Not yet.
There's a wasp's nest on the catio. I should be looking up how to remove it, but instead I'm in here writing this nonsense. I should be drawing.
It still smells like burning metal in here, so I probably am better off with the wasps. Did I mention that my bathroom caught fire this morning? Like an actual fire fire. I may have buried the lede on that one. I used to think it was "buried the lead", as though you'd skipped the information you meant to lead with. Fun that it still works.
Fire dept. said that there was a timer on the wall switch in the bathroom where we're having work done from the flood that happened after my birthday. When the timer tripped, a heating mesh coiled up by the wall caught fire. Thankfully, my fiancee' smelled the burning metal and we caught it early.
It's hard to make cartoons when your house keeps attacking you. Also, when you're not employed making cartoons. I'm trying some indie stuff, but again... can I get a break here? Let's just tone down the apocalypse. I'd like to get some stuff done. And my insurance runs out in two weeks.
But HA! Fincee'! So I still get insurance. Happy accidents. Suck it, world-- Oh hang on. Contractor is here...
I'm back! Where was I?
My fuchsia is on the rebound, I think. Passed it on the way back in. I don't want to call it a comeback, but it's flowering. I think maybe the pot retains too much water. We'll see how it goes. Thankfully it doesn't need much compost because I blew through the whole pile yesterday refiling the garden beds. I did the beds Hügelkultur style, but I used cacti in one of them, so the soil drop was insane after the first year. Free garden tip for ya' there.
Where was I?
To be fair, there's a lot of residual adrenaline going on this morning too.
Work.
Right...
Gotta get these drawings done. I said I'd do it by tomorrow. I only said it to myself, but I should maybe listen. Can I be trusted?
Just draw, dude.
It smells like cheese and apocalypse in here. Nothing I can do about the fried metal, but the cheese is from the toaster oven. I should go clean that now. Hang on. I'll be back.
425 notes
·
View notes
Text
#civil engineering#construction company#architecture#mccance#infrastructure#construction#road work#uk#Piling contractors#Piling works#Groundworks contractor in uk#Civil engineering contractors in hampshire#Piling contractors in Surrey
0 notes
Note
"It would be a tough contest in that moment to tell whose smile is brightest."
Swindle meets Blurr for the first time.
------------------------------
Swindle throws his coat over the back of a chair and waves at the bartender for a drink. It's been a long day. Too long for Swindle's taste. These are the hard days. The days that throw into question all the money that mecha has brought flowing into Swindle's accounts. Because these are the days where he actually has to work to ensure that money keeps flowing – to ensure that mecha doesn't crumble into darkened ruins.
Swindle sighs as his drink is placed in front of him. Investors meetings and government supervisors. What a fiasco.
When the reports had first made their way up from engineering all the way to his desk (well Onslaught's desk, technically, and then Onslaught had brought it to his desk), he had hardly believed what he was reading. A way to make a mech that could move at speeds beyond what had been speculated to be the upper limits of maneuverability. Mecha would be the first, the best. Way ahead of any possible competition. This mech would ensure that mecha was the name in every headline and the front of every government contract for this war.
It all seemed so clear, so simple that Swindle had had his doubts. The science he didn't care about. At the end of the day, the engineering reports were all just theories. And Swindle had learned long ago never to bet on something that seemed too good to be true (though he would on occasion strongly encourage others to do just that; their loss, his gain).
But then engineering had actually produced a prototype of their mythical mech design. And everything had become very real very fast. Investors were swarming. Governments were watching. Things had been looking so good. Until today.
Today had been the first series of prototype tests. A disastrous series of prototype tests. Because the one thing neither engineering nor Swindle had accounted for was that a mech was useless without a pilot.
And the pilots in testing hadn't gotten anywhere near close to the prototype's full potential before losing control. Every. Single. One of them.
The investors hadn't been impressed. Swindle might have still been able to salvage the situation, flash some reassuring smiles and talk them round that this was just an early design and there was still so much potential for the future. But then the last pilot had crashed the mech so badly that fires had to be put out – literally – across the testing hangar.
The investors and the government contractors hadn't liked that in the slightest. There had been talks of safety standards and getting external regulators involved. Swindle had spent the rest of the day and into the night, putting out the metaphorical fires that burned on long after the remains of the crash had been hauled away and the pilot had been patched up. Damage control.
He had at least managed to forestall a final judgement on shutting down the experimental mech technology. But, that didn't leave a lot of opportunity and came with its own set of challenges. Namely challenges in the shape of Shockwave. Shockwave, who had offered to solve all of Swindle's problems, make them disappear under the guise of scientific and medical advancements. Shockwave, who believed the only way forward was to not just to push to the limits of humanity, but to surpass them. That his science could do that and more. Make humans into pilots that were faster, stronger, more durable. Pilots that could be brought back from even the brink of death. At what cost? Swindle often wondered. At what point, if Shockwave had his way, would he take the human out of humanity?
Swindle needs this opportunity, needs to overcome these challenges. He might have been skeptical of the new mech feasibility at the start. But today…today they had come close enough he could already see it – see the extra zeros piling onto the end of his bank account, see the way mecha would be transformed by that kind of spotlight and publicity.
He stares into the depths of the glass for a moment, then takes a long slow drink. It's as he sets the glass down that the car pulls up outside the bar. The stop itself is a spectacle – made with such speed and precision that Swindle notices half the bar turning to watch along with him. The car itself is enough to make Swindle whistle under his breath. And then the driver steps out, crosses the few steps of pavement, and enters the bar.
Swindle isn't sure he believes in a higher power. And even if he did, he isn't sure what it is that he ever would have done in his life to earn this kind of miracle. As for luck – Swindle doesn't count on luck.
But maybe that's what this is – a good turn of circumstance. Because the man who just walked through the door is Blurr – the Blurr of F1 racing fame. Easily the fastest F1 racer in history. Possibly the greatest the sport has ever seen or ever will see.
The man hasn't been seen around this part of town before – hasn't been seen much at all since his last racing crash outside of recorded promotions and scheduled interviews. And now more than half the bar is staring as they recognize who's just walked through the door, some people starting to get up and move forwards – forming a small crowd that Blurr has to make his way through.
In spite of himself, he finds himself being drawn closer as he watches the gleaming smiles that Blurr throws around the bar – smiles that seem genuine enough to even reach the man's eyes. Swindle watches Blurr sign autographs, pose for selfies, and shake hands – waiting for the moment when the man's patience grows thin, when the smile starts to slip and he starts to push his way faster through the crowd. Only it never comes.
Swindle smiles as he brings his drink back to his lips. His own patience is wearing thin by the time Blurr finally reaches the bar, though he keeps the smile stretched across his face. Swindle watches how Blurr sits, how he orders his drink, his posture, his mannerisms -- sizing up the man and his movements. He knows of Blurr, but he doesn't know Blurr. And he will only get one chance at this. That he's getting a chance at all, still leaves Swindle slightly in awe. The potential number of zeros this could possibly add to his bank account combined with the experimental mech technology leaves him bordering starstruck.
Swindle makes his way casually down the bar – not too fast, not too slow. This needs to look natural, genuine. And it surprises Swindle to realize that what he's planning to offer Blurr is more genuine than it is fake – a deal they both might benefit from.
Blurr looks up at Swindle with a smile that nearly causes the words to stick in Swindle's throat before he can speak. But Swindle is a professional.
"Blurr?" he asks. "I'm Swindle."
"Yes," Blurr replies. "And do you want an autograph or a photo or a handshake?" From anyone else, Swindle thinks the question would come across with undercurrents of barely concealed irritation. But Blurr somehow makes it sound like an exchange with an old friend.
"None of the above. I want to offer you a job," Swindle says. "May I sit?"
Blurr nods, still smiling, though his gaze drifts across the bar as Swindle takes a seat next to him. That won't do, Swindle thinks. He wants – needs -- Blurr's full attention, his interest. He doesn't have it now. The average individual probably wouldn't even realize. But Swindle considers himself far from average in the art gauging people and gaining their confidence. He can tell when someone is faking their way through, knows the signs -- because no one does it better than him. Or so he had thought until he met Blurr.
"I run mecha," Swindle says. His smile broadens as he watches Blurr's gaze sharpen. Got him.
"And what would a company like mecha want to hire me for?" Blurr asks. "I'm not an engineer. I'm not a soldier."
"Well--" Swindle starts slowly. Draw him in. "I – we – have a problem. A problem you might be able to help us with. We've built a mech." One of Blurr's eyebrows raises.
No shit, Swindle thinks Blurr must be thinking. "State-of-the-art, top-of-the line technology," Swindle adds.
"And there's a problem with that?" Blurr asks.
"Yes. The mech is fast. Faster than fast. Faster than any of our pilots can handle. And all the best technology in a mech is no good without a pilot." Words that Swindle had thought to himself, and then had shouted at him repeatedly through the day's crisis meetings. As though that fact hadn't already made itself glaringly obvious by the results of the mech tests.
"They're speculating at this point the mech is so fast that it's beyond the capabilities of any human to control." He sets the bait, waits to see if Blurr takes it. He doesn't wait long.
"You want me to pilot it." Blurr says it as a statement, not a question. "How much are you willing to pay?"
Swindle lights up a little inside. Blurr is a man of like-minded priorities.
"However much you want," he counters. "Assuming you can actually drive the thing." Swindle is confident that whatever Blurr asks for will be an inconsequential fraction of the profits mecha is about to rake in from this deal.
Blurr nods, seemingly satisfied. "We'll work out the details at your offices, after I get a look at this supposedly undrivable mech. If it's as fast as you say…."
There's something like longing in Blurr's gaze, Swindle thinks.
"If it's as fast as you say, you've got a deal. Let me get my hands on that mech, give me what I ask for, and I won't just show you speed – I'll show you how to make it fly." Blurr holds out his hand to Swindle, and Swindle shakes it. It would be a tough contest in that moment to tell whose smile is brightest.
OOOOUUUHHH I LOVE IT
Also I can’t stop imagining Swindle and Blurr sitting there like
Swindle: Smiles shiny
Blurr: Smiles shinier
The entire bar: gets flashbanged
Kdodofkfnhtrhgsffsgdvdvdvcwdd
222 notes
·
View notes
Text
No, Uber's (still) not profitable
Going to Defcon this weekend? I'm giving a keynote, "An Audacious Plan to Halt the Internet's Enshittification and Throw it Into Reverse," on Saturday at 12:30pm, followed by a book signing at the No Starch Press booth at 2:30pm!
https://info.defcon.org/event/?id=50826
Bezzle (n): 1. "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it" (JK Gabraith) 2. Uber.
Uber was, is, and always will be a bezzle. There are just intrinsic limitations to the profits available to operating a taxi fleet, even if you can misclassify your employees as contractors and steal their wages, even as you force them to bear the cost of buying and maintaining your taxis.
The magic of early Uber – when taxi rides were incredibly cheap, and there were always cars available, and drivers made generous livings behind the wheel – wasn't magic at all. It was just predatory pricing.
Uber lost $0.41 on every dollar they brought in, lighting $33b of its investors' cash on fire. Most of that money came from the Saudi royals, funneled through Softbank, who brought you such bezzles as WeWork – a boring real-estate company masquerading as a high-growth tech company, just as Uber was a boring taxi company masquerading as a tech company.
Predatory pricing used to be illegal, but Chicago School economists convinced judges to stop enforcing the law on the grounds that predatory pricing was impossible because no rational actor would choose to lose money. They (willfully) ignored the obvious possibility that a VC fund could invest in a money-losing business and use predatory pricing to convince retail investors that a pile of shit of sufficient size must have a pony under it somewhere.
This venture predation let investors – like Prince Bone Saw – cash out to suckers, leaving behind a money-losing business that had to invent ever-sweatier accounting tricks and implausible narratives to keep the suckers on the line while they blew town. A bezzle, in other words:
https://pluralistic.net/2023/05/19/fake-it-till-you-make-it/#millennial-lifestyle-subsidy
Uber is a true bezzle innovator, coming up with all kinds of fairy tales and sci-fi gimmicks to explain how they would convert their money-loser into a profitable business. They spent $2.5b on self-driving cars, producing a vehicle whose mean distance between fatal crashes was half a mile. Then they paid another company $400 million to take this self-licking ice-cream cone off their hands:
https://pluralistic.net/2022/10/09/herbies-revenge/#100-billion-here-100-billion-there-pretty-soon-youre-talking-real-money
Amazingly, self-driving cars were among the more plausible of Uber's plans. They pissed away hundreds of millions on California's Proposition 22 to institutionalize worker misclassification, only to have the rule struck down because they couldn't be bothered to draft it properly. Then they did it again in Massachusetts:
https://pluralistic.net/2022/06/15/simple-as-abc/#a-big-ask
Remember when Uber was going to plug the holes in its balance sheet with flying cars? Flying cars! Maybe they were just trying to soften us up for their IPO, where they advised investors that the only way they'd ever be profitable is if they could replace every train, bus and tram ride in the world:
https://48hills.org/2019/05/ubers-plans-include-attacking-public-transit/
Honestly, the only way that seems remotely plausible is when it's put next to flying cars for comparison. I guess we can be grateful that they never promised us jetpacks, or, you know, teleportation. Just imagine the market opportunity they could have ascribed to astral projection!
Narrative capitalism has its limits. Once Uber went public, it had to produce financial disclosures that showed the line going up, lest the bezzle come to an end. These balance-sheet tricks were as varied as they were transparent, but the financial press kept falling for them, serving as dutiful stenographers for a string of triumphant press-releases announcing Uber's long-delayed entry into the league of companies that don't lose more money every single day.
One person Uber has never fooled is Hubert Horan, a transportation analyst with decades of experience who's had Uber's number since the very start, and who has done yeoman service puncturing every one of these financial "disclosures," methodically sifting through the pile of shit to prove that there is no pony hiding in it.
In 2021, Horan showed how Uber had burned through nearly all of its cash reserves, signaling an end to its subsidy for drivers and rides, which would also inevitably end the bezzle:
https://pluralistic.net/2021/08/10/unter/#bezzle-no-more
In mid, 2022, Horan showed how the "profit" Uber trumpeted came from selling off failed companies it had acquired to other dying rideshare companies, which paid in their own grossly inflated stock:
https://pluralistic.net/2022/08/05/a-lousy-taxi/#a-giant-asterisk
At the end of 2022, Horan showed how Uber invented a made-up, nonstandard metric, called "EBITDA profitability," which allowed them to lose billions and still declare themselves to be profitable, a lie that would have been obvious if they'd reported their earnings using Generally Accepted Accounting Principles (GAAP):
https://pluralistic.net/2022/02/11/bezzlers-gonna-bezzle/#gryft
Like clockwork, Uber has just announced – once again – that it is profitable, and once again, the press has credulously repeated the claim. So once again, Horan has published one of his magisterial debunkings on Naked Capitalism:
https://www.nakedcapitalism.com/2023/08/hubert-horan-can-uber-ever-deliver-part-thirty-three-uber-isnt-really-profitable-yet-but-is-getting-closer-the-antitrust-case-against-uber.html
Uber's $394m gains this quarter come from paper gains to untradable shares in its loss-making rivals – Didi, Grab, Aurora – who swapped stock with Uber in exchange for Uber's own loss-making overseas divisions. Yes, it's that stupid: Uber holds shares in dying companies that no one wants to buy. It declared those shares to have gained value, and on that basis, reported a profit.
Truly, any big number multiplied by an imaginary number can be turned into an even bigger number.
Now, Uber also reported "margin improvements" – that is, it says that it loses less on every journey. But it didn't explain how it made those improvements. But we know how the company did it: they made rides more expensive and cut the pay to their drivers. A 2.9m ride in Manhattan is now $50 – if you get a bargain! The base price is more like $70:
https://www.wired.com/story/uber-ceo-will-always-say-his-company-sucks/
The number of Uber drivers on the road has a direct relationship to the pay Uber offers those drivers. But that pay has been steeply declining, and with it, the availability of Ubers. A couple weeks ago, I found myself at the Burbank train station unable to get an Uber at all, with the app timing out repeatedly and announcing "no drivers available."
Normally, you can get a yellow taxi at the station, but years of Uber's predatory pricing has caused a drawdown of the local taxi-fleet, so there were no taxis available at the cab-rank or by dispatch. It took me an hour to get a cab home. Uber's bezzle destroyed local taxis and local transit – and replaced them with worse taxis that cost more.
Uber won't say why its margins are improving, but it can't be coming from scale. Before the pandemic, Uber had far more rides, and worse margins. Uber has diseconomies of scale: when you lose money on every ride, adding more rides increases your losses, not your profits.
Meanwhile, Lyft – Uber's also-ran competitor – saw its margins worsen over the same period. Lyft has always been worse at lying about it finances than Uber, but it is in essentially the exact same business (right down to the drivers and cars – many drivers have both apps on their phones). So Lyft's financials offer a good peek at Uber's true earnings picture.
Lyft is actually slightly better off than Uber overall. It spent less money on expensive props for its long con – flying cars, robotaxis, scooters, overseas clones – and abandoned them before Uber did. Lyft also fired 24% of its staff at the end of 2022, which should have improved its margins by cutting its costs.
Uber pays its drivers less. Like Lyft, Uber practices algorithmic wage discrimination, Veena Dubal's term describing the illegal practice of offering workers different payouts for the same work. Uber's algorithm seeks out "pickers" who are choosy about which rides they take, and converts them to "ants" (who take every ride offered) by paying them more for the same job, until they drop all their other gigs, whereupon the algorithm cuts their pay back to the rates paid to ants:
https://pluralistic.net/2023/04/12/algorithmic-wage-discrimination/#fishers-of-men
All told, wage theft and wage cuts by Uber transferred $1b/quarter from labor to Uber's shareholders. Historically, Uber linked fares to driver pay – think of surge pricing, where Uber charged riders more for peak times and passed some of that premium onto drivers. But now Uber trumpets a custom pricing algorithm that is the inverse of its driver payment system, calculating riders' willingness to pay and repricing every ride based on how desperate they think you are.
This pricing is a per se antitrust violation of Section 2 of the Sherman Act, America's original antitrust law. That's important because Sherman 2 is one of the few antitrust laws that we never stopped enforcing, unlike the laws banning predator pricing:
https://ilr.law.uiowa.edu/sites/ilr.law.uiowa.edu/files/2023-02/Woodcock.pdf
Uber claims an 11% margin improvement. 6-7% of that comes from algorithmic price discrimination and service cutbacks, letting it take 29% of every dollar the driver earns (up from 22%). Uber CEO Dara Khosrowshahi himself says that this is as high as the take can get – over 30%, and drivers will delete the app.
Uber's food delivery service – a baling wire-and-spit Frankenstein's monster of several food apps it bought and glued together – is a loser even by the standards of the sector, which is unprofitable as a whole and experiencing an unbroken slide of declining demand.
Put it all together and you get a picture of the kind of taxi company Uber really is: one that charges more than traditional cabs, pays drivers less, and has fewer cars on the road at times of peak demand, especially in the neighborhoods that traditional taxis had always underserved. In other words, Uber has broken every one of its promises.
We replaced the "evil taxi cartel" with an "evil taxi monopolist." And it's still losing money.
Even if Lyft goes under – as seems inevitable – Uber can't attain real profitability by scooping up its passengers and drivers. When you're losing money on every ride, you just can't make it up in volume.
Image: JERRYE AND ROY KLOTZ MD (modified) https://commons.wikimedia.org/wiki/File:LA_BREA_TAR_PITS,_LOS_ANGELES.jpg
CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/deed.en
I’m kickstarting the audiobook for “The Internet Con: How To Seize the Means of Computation,” a Big Tech disassembly manual to disenshittify the web and bring back the old, good internet. It’s a DRM-free book, which means Audible won’t carry it, so this crowdfunder is essential. Back now to get the audio, Verso hardcover and ebook:
http://seizethemeansofcomputation.org
If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/08/09/accounting-gimmicks/#unter
Image: JERRYE AND ROY KLOTZ MD (modified) https://commons.wikimedia.org/wiki/File:LA_BREA_TAR_PITS,_LOS_ANGELES.jpg
CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/deed.en
#pluralistic#bezzles#hubert horan#uber#rideshare#accounting tricks#financial engineering#late-stage capitalism#narrative capitalism#lyft#transit#uber eats#venture predation#algorithmic wage discrimination
1K notes
·
View notes