Yandex (NASDAQ: YNDX) financial results for the third quarter are looking forward to October 25. On that day, management will host a conference call and webcast to comment on the company's third quarter results.
Yandex.Taxi (Yandex.Taxi) calls itself an international technology company that builds intelligent products and services based on machine learning. Their goal is to help consumers and companies navigate better in the online and offline world.
the same method as Uber but in a different packaging
Yandex has the same method as Uber but in a different packaging. It is as much loved by the customer as it is hated by the taxi drivers and entrepreneurs who call it a monopolist 'pure sang'. After hearing from various entrepreneurs and taxi drivers, you can rightfully call Yandex the Uber of the Russian Federation with the same basic characteristics as bypassing regulations, exploiting drivers and as a monopolist shaping the market. That is not that difficult either, because in early 2018 Yandex and Uber started working together to offer their services in Russia.
number of violations must be urgently reduced
During the last All-Russian Conference TAXI-2019 gave Alexander Starovoytov of the Liberal Democratic Party of Russia sends a clear signal to Yandex to reduce the quality and number of violations. It has been a little better in recent monthstattoos don't lie. More than 72% of the market is owned by the APP market and taxi meters have long been out of the question.
a lost battle, still a matter of recognition
“A friend of mine drove 753 rides for Yandex last month, totaling 10.500 kilometers. On average 13,9 kilometers per ride, which is not bad. And yet despite the average 3 trips per working hour can drive together, nothing is earned because at the end of the settlement 23% goes to Yandex ”, says our taxi driver from Belarus who has been working in Sochi for three years now.
Needless to say, the taxi APP 'phenomenon' has changed the world. The tension between what the customer wants and what the driver has to work for to help that customer realize his or her wishes has grown. The app has changed the way of ordering mobility for the customer.
Drivers, entrepreneurs, political parties or federal governments who still think they can stop this development, end up in a lost battle. Perhaps these groups have more interest in working together and making a fist to the revenue model of parties such as Yandex and Uber.
about Yandex
Yandex.Taxi is a separate private limited liability company within Yandex Group, incorporated in the Netherlands as Yandex.Taxi BV The monopolist works in Russia, Belarus, Moldova, Armenia, Georgia, Kyrgyzstan, Kazakhstan, Uzbekistan, Latvia, Estonia, Lithuania, Serbia, Israel, Ivory Coast, Finland, Ghana and Romania.
