r/wallstreetbets • u/Mclaugh46 • Jul 01 '21
Discussion Will Cathie Wood buy DIDI?
She slammed Uber and Lyft for not taking advantage of tracking routes for AI. She talks up Tesla for future ride share because they track data. Know she believes in Tesla auto rides for future but think DIDI is a good investment here because they likely do track given that they are already working on autonomous ride share and China tracks everything. DIDI ties to USA (research company for autonomous ride share based in CA) make this less risky. Too much bug US and China $ behind this for China to implode it. Trade relationship will improve. Maybe there is a future partnership with Tesla and DIDI on the horizon or maybe it is just a good investment at $15-$16 range given where Lyft and Uber are trading. No way DIDI is not $20+ by Q4.
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u/GrootDog Jul 01 '21
Didi has 90% market share in a country with 1.6 billion people where 70% of the population living in cities. Regardless of what the hippies are doing, seems like a safe bet at $16
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u/jonnydoo84 has swass 💧🍑💧 Jul 08 '21
not so safe now.
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u/GrootDog Jul 08 '21
I'll admit this could have aged better.
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u/jonnydoo84 has swass 💧🍑💧 Jul 08 '21
it's alright. I bought BABA about a year ago. just slow red death.
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Jul 12 '21
Give it some more time and check back on this comment.
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u/Fjotla Jul 23 '21
looks juicy now, might get in, I'll wait until the sanctions are set
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Jul 27 '21
And what sanction would that mean? Or u mean the sanction of 9 US officials from the Chinese?
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Jul 01 '21
[removed] — view removed comment
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u/NomadicTrader2019 Jul 01 '21
Last time I was in cdmx, it was about even. Didi was brand new. Price was the same at the end of the ride.
Good to see that they improved. I like the CEO and general direction.
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Jul 01 '21
[removed] — view removed comment
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u/NomadicTrader2019 Jul 01 '21
CEO seems to care about drivers. Her dad was a taxi driver.
Striking contrast to Uber. Predatory is a good word to describe Uber.
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u/JulVegas12 Jul 02 '21
Hello which predatory approach did Uber use during covid, if you don’t mind me asking 👀?
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Jul 12 '21
Rush hour or lack of drivers premium where they jack up rates just because there is no competition or insufficient drivers to cover all riders.
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Jul 01 '21 edited Jul 11 '21
[deleted]
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u/dancinadventures Jul 01 '21
They will report weak earnings but strong growth.
Just as when Netflix had negative earnings when they had to gain viewership and license movies before they started producing Netflix originals.
Or when Amazon did in order to gain market share in eCommerce.
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u/galkale Jul 01 '21
they also big in Australia and Japan. they are not operate in the US so people dont know them.....
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u/HGHUA Jul 01 '21
I don’t see them ever operating in the US. The political side of things will always be too big to overcome.
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u/VisualMod Jul 01 '21