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A grab bag of mind to start your week in tech:
* I didn’t get to remark closing week on Jeff Bezos’s annual letter to shareholders. Here are a few words no person in all likelihood ever expected to locate on this letter: “databases for specialized workloads,” “key-price shops,” “in-reminiscence databases,” “time series databases,” and “ledger solutions.” These are all organization software program merchandise, specifically the sorts Oracle dominates, that Amazon Web Services now provides cost-effectively as part of its developing provider. Bezos used to a funny story that “your margin is my opportunity.” Oracle, a gradual-growing, excessive-margin business, can’t be glad approximately those offerings. I encourage you to examine the entire letter because it’s written in simple English and carries various priceless business chestnuts.
* Ford shuffled its control last week, naming advertising veteran Jim Farley to run its “mobility” business. This is a matcher of kinds, seeing as General Motors assigned its president, Dan Ammann, to run Cruise, GM’s expensively-acquired self-using-vehicle era enterprise.
* Speaking of transportation, I nevertheless haven’t read Uber’s IPO prospectus. I did study a variety of insurance, although. Uber doesn’t make money and the growth in its middle enterprise–which is usually the reason why buyers rationalize paying an excessive valuation for unprofitable agencies–is slowing. Other than wishful questioning, it’s a head scratcher why, if Uber doesn’t make cash or develop impressively anymore, it’s far worth $a hundred billion. Or $90 billion. Or $eighty billion. And so on.
* Another knock on Uber is its opposition, including from Lyft. And speakme of Lyft, its motorbike-apartment business has suffered a black eye. It is pulling from the market a few 3,000 pedal-assist electric motorcycles in San Francisco, New York, and Washington, D.C., because of braking problems. (I am a devoted and fairly glad consumer of Ford GoBike, the sponsor of Lyft’s San Francisco service. I am going to overlook one’s motorcycles.) The trip-hail business changed into presupposed to be a very good one due to the fact the “systems” don’t preserve physical assets. Bikes are belongings, though. And Lyft’s are damaged.