This Week in Startups
This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
Jason Calacanis

Uber profitable again, SBF guilty, Biden's AI EO + Motive's John Habeck | E1842

E1842 • Nov 7, 2023 • 45 mins

First up, Jason takes on the news solo by breaking down Uber's Q3 earnings (2:23), reflecting on SBF's guilty verdict (13:39), and giving some takes on Biden's EO on AI (15:53). Then, Motive CEO John Habeck joins to break down building "Shopify for Car Dealerships" (21:39).

Key Points

  • Uber achieved net profitability in three out of its last four quarters, signaling a shift away from ZIRP-era "growth at all costs"
  • The company could potentially be included in the S&P 500 soon, which could significantly impact its share price due to mandatory buying by index funds.
  • Sam Bankman-Fried, the founder of FTX, was found guilty on multiple charges including wire fraud and money laundering, facing a max sentence of 100+ years in prison, marking a definitive end to the era of unchecked growth and investment in the crypto industry, and the startup industry more broadly.
  • Motive is another startup targeting a "sleeping giant" industry: building "Shopify for car dealerships" and aiming to enhance customer experience by simplifying the buying process.
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