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What do you think of Uber's peace treaty in China? The 3:59 Podcast with Roger Cheng & Ben Fox Rubin

2016-08-01
and good morning YouTube on this beautiful monday morning from the new york city offices of CBS interactive and cnet from the cnet's to do we have been Fox Rubin and Roger Cheng with the 359 podcast good morning guys morning Brian happy Monday don't really deserve such a nice intro but I'll take it I deserve it I need something positive in my life right especially on a Monday all right well happy monday its merger monday deals yeah okay I'll to talk about is especially on you know on a quiet August so right yeah couple a couple interesting yeah we've got a couple deals Boober making peace in China with a merger of its Chinese business with the local rival DD juicing I get that right I think I just call him DD alright I don't need those right yeah and then um Tesla SolarCity confirming a 2.6 billion all-stock deal to merge right hand lastly we'll we'll end with Pokemon because cuz it's bogus it's pokemon is pokemon pokemon no problem yeah the other other news of the day it is actually my 6th wedding anniversary today so happy wedding airy Allison shout out to your wife yeah get those points man most definitely so August first congrats to you and Allison no thanks man so six years well I know it flew by now we have six years later we have three kids and I don't know mortgage car loan lot more gray hair uh but it's been great so well awesome I'm happy for you yeah I guess makin it seem so enthusiastic there but no wait a way to use a company time to score points with your wife yeah yeah yeah that's what this is that's what the problem or prob this isn't this is actually like um I agreed to do the podcast on the first place as this like really slow burn just to give a shout-out to the wall comment yeah be paid it was the longest kind ever it's like okay we're getting really really close eighty seven episodes in all right exactly so anyway thank you for putting up with me youtube for giving a shout out to my wife and I was always please send your questions Brian will will call the best questions at the end of our taping we'll do our best answer them whether it's about it just sounds my phone whether it's about uber whether it's about Tesla SolarCity or Pokemon we want to know where you are what level you are what Jim you've joined yes yeah and the comments are great for sure but it's a little bit more interactive when we get questions so questions are also a little bit more helpful at least to start off so um all right if you guys want to comment its schedule gets Rolen will Thea the podcast down all right audios to speed and we are a go in three two welcome to the 359 what we talked about the top tech news of the day look at the crap we want to throw in I'm Roger Cheng I'm Ben Fox Rubin so it's murder Monday uber kicked off things by merging its Chinese business to local rival dd2 Shing uber will own a twenty percent stake in this combined copy worth 35 billion dollars shoo yeah my god ride-hailing is like on fire oh yeah who cared about taxis before so no one cared about DD until Apple made a huge investment in it hmm right that's it now uber has been trying for a long time to get into the Chinese market break into that that Haley market has really worked so you know people thought they were crazy for trying this in the first place like a lot of major American corporations have tried like tech companies have tried to break into China and this is I think another example of the fact that it's just very very hard to break into China if you're not a chinese tech companies absolutely like google google tried for years had to pull out because cyber attacks yeah right which is pretty pretty nasty well like they basically you know i think what was it the chinese government essentially went after them and tried to purge you know Tiananmen Square pictures and that's what's that says yeah yeah and eBay is the other example where they actually had a head start against Ali Baba and eventually got usurped and I I don't even know what their footprint is in China so not too surprising that uber also well they're going to be partnering now too so they have a hand in it but yeah Oh either way so next up on merger Monday Tesla and solar city reached a 2.6 billion dollar deal that will see the electric automaker and solar panel manufacturer merge do you think this deal makes sense i mean Elon Musk has a big stake in both companies yeah he calls it a no-brainer but I don't know a lot of people are kind of scratching their heads there and this mean we're gonna get solar powered cars faster or what wouldn't that be cool it would be great but I just don't know if it's practical right III don't know I feel like Elon Musk is like I don't know 30 years ahead of us and true maybe maybe he knows what he's doing and maybe he doesn't I think this is also supposed to be like a battery play yes I mean the idea is this combined company will create fully integrated residential commercial and grid scale products that's a no that means and also what about the do with cars say it again fully integrated fully integrated residential commercial and grid scale products that improve the way the energy is generated stored and consumed I'm actually more confused the second time you said that's some serious hardcore corporates p you know if you're as smart as you long must I guess you understand it no one else does that's a problem okay if you say so all right and then last on this wonderful monday Pokemon go okie Monaco yeah there was a there was an update on Friday and if you're a Pokemon go play the update was was a bit annoying because it actually it removed features and cracked down on third-party apps that helped you find pokemons in the game why is that why would they care if it's getting people to play the game what's the difference I don't know I think it's sort of a control thing right you want they want they want me by using just the Pokemon Go app to play the other feature that they removed was the the footsteps which I never liked yeah actually it was ok with removing that cuz I one footstep to footsteps three I didn't know what that actually meant how far away three was versus ones i never went searching for a book okay that's not true i had but i never found them which pokemon is you go searching for it was like early on i like tried to find a zoo bad or something and never really really out so things are everywhere yeah yeah no I'm talking about like the first day or two so no but it wasn't a very useful function so I wasn't too against getting rid of it yeah so regardless it's still fan on people still playing I don't know I'm at level 12 were you at level 9 loser haha alright why know more about these stories check us out on seen it I'm Roger cam then Fox Rubin thanks for listening and that's a cut on the recording and we are still here taking QA from YouTube it's funny the the footsteps thing kicked off a lot of people but remember for a while there was broken yeah so I think I just eliminated it as a bug and maybe it'll be back later that's clearly the game is still in like so buggy it is still buggy it's amazing that they've actually been able to like maintain their phenomenon miss considering how buggy the game is yeah I do want to see what the shelf life is like help you how how quickly our people to get tired this game I actually thought when you wrote that story I think it was like two weeks ago or something I'd be like this thing could crash and burn right I was like that's you're just writing that to like you know troll people or whatever no man yeah it's you were onto something it is a warning to that company like their other other one hit wonders of emerged who flamed out really quickly in the mobile app world so I don't know that we've seen a mobile game like this in a long time true true this kind of the height success for sure although you could argue that the original Angry Birds was kind of like that cuz everyone hmm well I didn't bring people together it did not but if anything had ruined some friendships probably but if anything like when you got an iphone is the first thing you downloaded was angry birds I totally did that yes absolutely so yeah I there's a friend of mine who lives in the Bronx he's got a girlfriend who lives in Manhattan and this is this is the representation of true love i've seen is the power of pokemon go she called him late at night he would like she was home he was home and she said there's an arrow dactyl in my living room would you like me to login to your account he gave her his credential she logged out of her pokemon go logged into his and caught the aerodactyl for him oh my gosh that's a keeper love yeah that's such a sweet story it's so nice I hope they say wait boyfriend girlfriend right yeah yeah yeah we'll remember to say that like their wedding toast or something yeah pterodactyl there it's all right what I knew how are we on questions not too much today pretty light day I mean I'm not honestly I'm not all that clear about the Howie burr and Ed are going to function together I never I don't know much about Chinese Commerce yeah what exactly was DD so DD is basically the uber of China yeah it was the right it was a number one player they're uber had been trying to crack that market and it's tough right so rather than go up against ed they decided join forces well yes and no DD is that is they're gonna have significant oh yeah what under Lewbert goober will have twenty percent stake in the company so it does receive a share of the profits right and they I guess they get some say but really not nearly as much DD is this point each or even investment in that business right yeah yeah yeah and I think DD is actually also going to put a billion dollars into Hoover global so ok DD is also going to get a little bit of whatever ubers growth is but it still continues to be really surprising to me how much money is sloshing around in ride-hailing you know like Brett I just keep wondering if this market is going to fall apart at some point because it's all on these these independent drivers that you know decide they want to show up for work on any given day insurance and all these valuations are all start up valuations is it crazy valuations like uber is valuation at this point a 62 billion dollars yes so it's I just wonder if this is become like way too frothy and I don't know like if all of a sudden this much money started going into like picking up the garbage like would we all be talking about that too like that's like how sexy taxis are in my book so well right maybe maybe not garbage delivery but still it seems kind of cannibalistic almost I mean we're in New York do you think that there's going to be something to be said of a model like this happening between you know we have uber and lyft with ever join forces or is that too much monopoly right there oh I can't stoop I can see were lifted the other day each other they really do know they do but like especially in New York they've got all these yellow cabs all right if they did join forces they would obviously have a little bit more strength in the market yeah i don't know i mean who berdych I feel like uber does just fine in New York though like I still have yet to users even with all the yellow cabs people use uber all the time yeah I haven't even downloaded the app maybe I realize I'm point oh I don't know tech reporter yeah um I mean I look I I I have download the app but I've only used spam I use it a lot in SF actually okay where its taxes are look harder to come by yeah I just wondered transportation options yes exactly maybe I'll take it's a JFK at some point I don't know we'll see how many ubers are sloshing around in White Plains I feel like there are probably as many uber cars as there are pokemon in my suburban neighborhood and that means very few wasn't there something about one of the uber drivers I think I saw this somewhere who was doing a capo c'mon tour and he would pick you up and drive you around to go catch oh I like that idea that would get me to use that smart that's smart I don't know where that was I remember glazing that over and skimming some headline somewhere but that's how I luxury right though yeah I like that that is the ultimate like first world nice i'll try to get out of like watching my kids by doing that I'd be like honey I gotta go on well you can't get out of it now cuz she's gonna hear this oh right oh god it's a safe podcast which I congratulated her this is probably the one congratulate her for it sticking with me but she actually listen to this podcast oh god no yeah you know Angela issel watches it all rights to it yes so I'll get her to listen to this one sure yeah well so we'll get one gator to listen the first one will get two views one from your wife on for my head there you go all right any last questions before wrap things up now light day let's wrap it up alright cool alright awesome happy august folks yeah all right we'll see you tomorrow if you liked anything you saw here check out our podcast our sites unicom or if they belong google play itunes soundcloud feedburner tune in you got it i got home i got them all alright see you tomorrow
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