LET'S SHADOW DARA KHOSROWSHAHI IN FULL!
We, / we get a pretty / live pulse / of what's happening on the streets every day, / right, / and in the cities in which we live. // And at this point / we don't see any signal / of a recession coming. // Now / what's different about us than most companies out there/ is that / just as you saw during the pandemic, / a shift from spend on services / to spend on retail, / that shift is now going back to services. // And we are the definition of a service, / right, / moving around, / travels back, / etc. // So I do think that / our service is benefiting from the shift back. // Certainly / the reopening helps our mobility business. // Our mobility business is growing at a very / very high rates, / highly profitable. // That delivery business, / delivery of everything at home / continues to be strong. // So at this point / we don't see any signal whatsoever. // We have gone through recessions in South America, / Mexico, / and Brazil in the past. // And what you see during those recessions / is that / as a labor pool eases up / and certainly we don't see signs of that yet here / or in / -in Europe / more drivers come onto the platform. // And as more drivers come onto the platform, / the platform continues to grow. // Service levels get better. // So I think / versus many other companies, / we don't have large / -a large asset base. // Our cost base essentially adjusts / in stronger economy. // Our cost base increases / as earners and drivers earn much more money. / In weaker economies, // as you get more drivers into the marketplace / their earnings adjust as well. // So / I think we are relatively / recession resistant / if it happens. // I certainly hope it doesn't happen. // Right now the signal on the street is / things are really strong / and the spend on services continues to be quite robust. //
LET'S UNDERSTAND!
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What is the difference between Uber and other companies?
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What was menitoned in the video that helped their mobility business?
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What keeps their platform growing?
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What is the speaker's purpose of the speech?
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In your opinion, how important is the reopening of businesses and the mobility sector for economic recovery?
LET'S RECAP!
1. Which new words/phrases were easiest to remember? Give three.
どの語句/文が覚えやすかったですか?3つ挙げてください。
2. Which words/phrases were you having a hard time to speak/understand? Give three.
どの語句/文が話したり理解するのに難しかったですか?3つ挙げてください。
robust
[ roh-'buhst ]
adjective
We should be able to generate stronger sales with robust profit margins.
recession
[ ri-'sesh-uhn ]
noun
Hundreds of firms went bankrupt during the recession.
cost base
noun
It has already taken action to reduce its cost base by 20% in five years.
ease up/off
phrase
At last, the rain began to ease off.
labor pool
noun
Many employers said they plan to take advantage of the large labor pool and replace low-performing employees.