undefined | Better HN

0 pointseps8y ago0 comments

Uber never dominated in Russia.

I talked to Moscow taxi drivers on more than one occassion and they were dismissive of Uber as an older and inferior iteration of what Yandex.Taxi was doing. Uber was never at the top, but at a fairly distant second, so their minority-shareholder "merge" with YT is of no surprise.

0 comments

1 comments · 1 top-level

throwaway343218y ago

> fairly distant second

Gross bookings approximately half that of Yandex and more cities than Yandex doesn't sound like a fairly distant second especially since Uber arrived well after Yandex. Uber was doing better against Yandex than Lyft is doing against Uber. Approximately a 40% stake in the new venture and 3 of the 7 board seats appears to be a testament to Uber's relative strength against Yandex.

j / k navigate · click thread line to collapse