The @Uber-@Postmates merger will ONLY benefit monopolistic pandemic profiteers focused on growing their power at the expense of restaurants, workers, and consumers.

2/ Both @Uber & @Postmates’ business models are built on trapping restaurants & workers in a predatory payday loan cycle of dependence and destitution.

And both @Uber & @Postmates use the “Break it till you Make It” approach to the law.
3/ @Uber was a vanguard in the business of providing illegal taxi service and misclassifying workers as “contractors.”

@Postmates pioneered the predatory practice of stealing menus and offering unauthorized delivery service from restaurants without their knowledge.
4/ Now, unauthorized deliveries are one of the apps’ favorite bait-and-switch tactics for convincing restaurants to pay 30-60% commissions.

When COVID-19 shut down dining rooms & dozens of cities capped fees to help restaurants, both @Uber & @Postmates lobbied hard to stop them.
5/ @Postmates, in particular, was not subtle about breaking the laws.
https://t.co/IU8QQIiAVC
6/ Merging these two repeat offenders will only hurt struggling independent restaurants, more than 100k of which have closed permanently or long-term due to COVID-19.
7/ Meanwhile, @Postmates & @Uber are burning $$$, backed by deep-pocketed investors who are betting they can monopolize the market, cut wages & hike their already-enormous fees.
8/ In the Q1-Q3 of 2020, @Uber lost $5.7 billion.

And @Postmates lost $105 million in Q1 & Q2 of 2020.

Obviously, their business models have been successful…🙃
9/ It’s time to recognize these eternally cash burning companies for what they really are: Silicon Valley slush funds to promote the abolition of labor rights & normalize the disruption of small biz out of existence.
10/ President-elect Biden’s new antitrust chief should investigate whether the @Uber-@Postmates deal is corrupt and undo this illegal merger.
11/11 In the meantime, there are ways to ensure restaurants & communities can connect through new tech while preventing predatory practices by middlemen.

As @moetkacik explains in “Rescuing Restaurants,” now more than ever, we must #ProtectOurRestaurants👇https://t.co/AjDGkiJqEE

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THREAD: How is it possible to train a well-performing, advanced Computer Vision model 𝗼𝗻 𝘁𝗵𝗲 𝗖𝗣𝗨? 🤔

At the heart of this lies the most important technique in modern deep learning - transfer learning.

Let's analyze how it


2/ For starters, let's look at what a neural network (NN for short) does.

An NN is like a stack of pancakes, with computation flowing up when we make predictions.

How does it all work?


3/ We show an image to our model.

An image is a collection of pixels. Each pixel is just a bunch of numbers describing its color.

Here is what it might look like for a black and white image


4/ The picture goes into the layer at the bottom.

Each layer performs computation on the image, transforming it and passing it upwards.


5/ By the time the image reaches the uppermost layer, it has been transformed to the point that it now consists of two numbers only.

The outputs of a layer are called activations, and the outputs of the last layer have a special meaning... they are the predictions!

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.