Asynchronous Audio and Short $UBER
*May be a short
Good morning everybody.
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Let me tell you Zebra
Problem:
Clubhouse has boosted audio to a true form of social media, the problem is you have to be there live to experience it. On top of that, current social media has become realized as toxic and needs to be changed.
Solution:
In a post-covid world, there is room for an asynchronous audio app mixed with social media 2.0. (Social media 2.0 is my idea of a new social media that is healthy and truly allows you to connect with friends online)
Explaining the app:
The app is super simple, all you have to do is take a picture, then record audio over that picture and send it to your friends.
Gen Z View
It is super simple, which can sometimes be really nice and refreshing for Gen Z. Although the app feels like stories on Snapchat and Instagram, it has a more person feel as a differentiator.
The UI/UX is super simple and modern, something that always works to attract a Gen Z audience.
Social media 2.0 will bring you closer to friends and it will do simply and efficiently. Even though the app isn’t much, the focus is on the communication not the features.
Fundraising?
Just raised $1.1m pre-seed round… Check it out here.
Website:
Uber May Be A Nice Short Position
I don’t know why, but it feels like post-covid, Uber has been having some pretty bad press. Just the other day I saw a tweet that showed how taxi prices were actually half that of Ubers. I also hear from friends in major cities how expensive Ubers are and how you can barely find one anymore.
Partnered with this, it is hard to see a true future for this company when it comes to making a profit. I recently watched a video that explained the only way Uber can truly be profitable is if they successfully complete a monopoly. Now, I am not saying that I believe this entire video after one watch, but it offers a compelling perspective when compared with the recent bad press.
There are MANY different arms to Uber’s business model which makes it a super hard company to short. I almost wish you could short certain aspects of a stock. For example, I would love to short Facebook the platform, but I am bullish on Instagram, which is owned by Facebook. This makes it really hard to short the entire stock itself. Anyways, I am cautiously bearish on the the ride hauling side of Uber’s business.
This is how I will be convinced of a short…
Back before Covid at Elon (my college), my friends and I would take Ubers everywhere around campus. Elon is in the middle of nowhere, so when we were taking Ubers, they were strictly coming to campus for these late night 1am rides on Saturday. They were pretty affordable, $5-$10 usually, mostly because the ride were only 1-3 miles long at most. And it was always easy to get a ride.
If I get back to campus and this isn’t true anymore, if rides are triple the price, if there is no Ubers around, I will know the business has changed and may initiate a short.
Will keep you updated.
That’s all for today. Cheers.
Tom