The Guardian and accounting…..

A Bird scooter, for instance, will conservatively gross about $10 a day, according to Bloomberg’s Brad Stone. That’s five short rides, give or take. The scooter needs to be recharged – a job done by gig economy contractors who are paid $5 per recharged scooter – so the net profit per day is $5. With those figures, a $300 scooter with $50 worth of modifications including the GPS tracker and locking mechanisms, then pays for itself in two months.

Err, no. That’s the gross profit.

10 comments on “The Guardian and accounting…..

  1. We have no idea how a small business operation works but you should totally trust us to re-shape the British economy ….

  2. Folk should also consider the great Chicom bicycle hire scheme which has left China full of bikes nobody even wants to steal never mind hire.

    An electric version will just be more expensive.

  3. What about the sick pay, holiday pay and pensions of all these gig-economy EMPLOYEES – or has the Grauniad suddenly come over all Uber.

    3rd party liability insurance for damage and injury caused by these motor vehicles? Road tax?

    And as soon as the first rider falls off and bruises his/her/xis elbow, that £5 profit is really going to pay for the lawsuit and injury claim.

    I think this business model is so excellent the Grauniad should back it with every penny they have left.

  4. ‘With those figures, a $300 scooter with $50 worth of modifications including the GPS tracker and locking mechanisms, then pays for itself in two months.’

    ‘Cept they need to add the cost of fishing their fine, fine ‘floating transport’ out of the Thames.

  5. Scooters can cause accidents, some riders have no sense of coping with other people around them. Have been hit by the same scooter twice – we only go to the same place a couple of times a year and its 3 halls of the NEC.

  6. Well, its net if they’re assuming that the only expenses are paying a dude to recover it, stick it on a charger, and put it back out.

    They are, of course, forgetting that there’s marketing, payment, and capital replacement costs, at a minimum. Very likely insurance of some sort. Lobbying.

    Lot’s of things to eat in to that 5 dollars.

    I’d say its likely they’re hemorrhaging money and making massive losses right now.

  7. Dear Mr Worstall

    This might explain the left’s complete ignorance of the way the economy works.

    If the economy were a speedometer, the lefts ideal speed might be 60, which they achieve by nailing the needle to 60. Job done.

    The fact that nothing fixed to the ground is moving in the opposite direction is all the fault of the bastard capitalists.

    Seems reasonable if you have the IQ of a small rock.

    DP

  8. i can’t imagine that these things are particularly theft proof. I imagine it’s pretty easy to strip out the electronics that disable the scooter and the gps tracking. If worst comes to the worst the lithium batteries must be worth a few bob

  9. “i can’t imagine that these things are particularly theft proof.”

    Their complete lack of value is their perfect theft deterrent.

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