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Cars account for ~60% of airport revenue

August 16, 2017 Leave a comment

 

airport revenue

Apparently car parking & rental car concession fees account for ~60% of non-aeronautical fees for airports in North America. (I would have put the figure for retail / food at a much higher level than that.)

Given the juggernaut that is ride-sharing, this share is likely to take steep tumble: Although consultants used to have to rent cars in the old days, I’ve yet to meet a consultant who’s not addicted to Uber.

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Categories: interesting, travel, trends Tags: ,

Silicon Valley high

August 13, 2017 Leave a comment

If you work in Silicon Valley and have ever wondered if what others are doing or saying is plain bonkers, there may be a (previously undisclosed) reason according to a recent article in 1843: A lot of people are doing LSD to “improve their productivity”. Although numbers are of course hard to come by, there are some clues in the article:

  • A group on Reddit now has 16,000 members, up from a couple of thousand a year ago indicating a ~8x jump
  • Apparently most of the billionaires without exception use LSD

Interesting read. Keep in mind when meeting that next Silicon Valley leader.

Online retailers ~2x profitable as offline

August 6, 2017 Leave a comment

I’m not a fan of cute images that show data, but this one (from the WSJ) caught my eye for its data. It basically compares the total costs of sales offline vs. online. Notice that key differences are in not having to pay store employees which more than offsets the costs of free shipping and returns. The full article is here.

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Priceline on fire

August 1, 2017 Leave a comment

priceline partyApparently Priceline (the original “name your own price” company) is crushing it on all dimensions. The Economist calls it as the “best run internet company after Amazon”. Pre-tax earnings are growing faster than those of the usual tech darlings; it has a 96% gross margin and its share price has risen 4x that of the broader market in the last year.

Even if you haven’t ever used Priceline, you may have used one of its sister companies – e..g Kayak, OpenTable etc. Some other things that caught my eye:

  • The firms valuation is above $100B (compare that to Airbnb at a ‘mere’ $30B)
  • It’s apparently the world’s largest spender on Google (it spends ~$3.5B a year)
  • It now offers about 600k listings of “alternate accommodations” on Booking.com, up 50% over last year or so, but still behind Airbnb’s ~3M listings.

The full article is here. Definitely worth a read.

A cool (dumb) phone for smartphone addicts

light phoneFor those who are constantly addicted to their smartphones help may be on the way in the shape of a $150 “dumb phone” from Light. The phone itself looks super cool and is designed to be minimalist: just calls, no texts, no tethering, no wifi, under 40 g, 3 day battery standby. The price includes 5 months of service (@ $5/month) built in. Who knows, this may even allow humans to speak to each other again.

Drones ≠ Delivery

Interesting long piece in the Economist about drones from last week.

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Key points that were interesting for me:

  • Commercial drones are taking off faster than military ones (see chart)
  • The US armed forces have about 11k drones, dramatically up from a few in 2001
  • Most of the interesting uses are not in delivery (despite all the hype in the popular press), but rather in imaging
  • The future of drones may be “multi modal” – i.e. drones that operate on the ground and fly rather than just do one thing

And if you are bored reading about this and want to watch some fun drone tricks, try this TED talk from a few years ago. It’s cool to watch.

Time to break up Google?

tech monopoliesI ran across this really nice written article on the state of tech dominance from the NY Times – “Is it time to break up Google?“. It essentially argues that Google, Amazon and Facebook have become natural monopolies and we continue at our peril if we don’t do anything.

A couple of points that caught my eye:

  • While profits have soared at the tech companies, revenues for newspapers and music companies have fallen by 70% since 2001
  • Newspaper publishers have lost over 50% of their employees between 2001 and 2016

Worth a read.

 

Categories: interesting, technology Tags: