Uber Determined to Exist in London ๐Ÿš•

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Uber Determined to Exist in London

Uberโ€™s been fighting for a new license to operate ride-hailing services in London, but unable to provide Transport for London (TfL) with assurances about passengersโ€™ safety, City Hall is ridding the Silicon Valley giant from the city. Kind of!

Uber has found a work around to not miss out on the London market. Itโ€™s acquiring a taxi tech start-up there called Autocab, which does have a license. Londoners will book cars through the Autocab app similar to how they would on Uber, but it will operate independently. Sneaky!

Uber Eats carried the tech firm on its back this quarter; transport revenues were almost non-existent. Itโ€™s doubled down on its success in food with the acquisition of Postmates, but still considers ride-hailing its core business and guides for a rebound in ridership in the fourth quarter.

Disney Premieres โ€˜Mulanโ€™ Online

Disney is attempting something brand new, and no one, the company nor its investors, know how itโ€™s gonna go. Disney will launch its next movie online. There are some theaters that are open to show it, but โ€˜Mulanโ€™ will mainly be available for Disney+ subscribers for an extra $30. Will they pay?

The film cost $300 million to make, so thatโ€™s where the bar is set โ€“ thatโ€™s the box office figure to beat. In an ideal world, โ€˜Mulanโ€™ hauls in at least $500 million to give investors a margin of safety, as when theaters reopen on mass and thereโ€™s a busier content slate, the competitive environment will be more challenging. If this idea has legs, weโ€™ll find out in the age of covid!

A successful premiere could be huge as far as Disneyโ€™s stock is concerned. It would imply that Disney has the pricing power to harness its own streaming platform to promote its movies.

I am not a financial advisor and my comments should never be taken as financial advice.ย Investments come with risk, so always do your research and analysis beforehand.

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Market Recap โ€“ September 28th ๐Ÿ’ฐ

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Fridayโ€™s PCE price index reading.

The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

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