Subcommittee on technology will come to order. The chair recognizes himself for an opening statement. Welcome to the subcommittee on communications and technology legislative hearing on legislating to secure americas wireless future. The security will consider a number of legislative proposals that address challenges from Spectrum Management to secure our nations Telecommunications Infrastructure. The proposals before the subcommittee today are hr 4462, study how to harness airway resource efficiency act or the share act which i introduced with my good friend Ranking Member latta which would require in cia to establish spectrum sharing strategy using advanced technologies such as artificial intelligence, automated frequency coordination and environmental sensing to facilitate more efficient spectrum sharing and used by the federal government. The bill would also require the fcc to report to congress on the feasibility of using existing sharing technologies on several important spectrum
Announce its second vision fun after its wildly popular first fun. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Level down to the lowest since may. Here to crunch the numbers and breakdown uber eats an active is Mandeep Singh payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the user subsidies in their ridesharing business, i think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. The large numbers large Growth Numbers are catching up. I should add that the adjusted loss was lower than 650 6 million versus 979 Million Dollars that analysts had estimated. Monthly users are below estimate, 99 million, the street was looking more like looking for 101 million. What do you make of that . Mandeep the fact is, uber is a global company.
And double digits, softbank announced its second vision fun after its wildly popular first tech fund. How it is changing up the landscape. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Sales, bookings, and monthly users all missing estimates. Shares down to the lowest level since may. Here to crunch the numbers and break down uber eats an active users is Mandeep Singh of bloomberg intelligence. Payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the use of subsidies in their ridesharing business, i the food business. I think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. It is just the law of large numbers is catching up. To me, it looks fine. Emily i should add that the adjusted loss was lower than anticipated, 656 million vers
Good morning. I call this hearing to order. President trump has made impr e improving our nations infrastructure a top priority and this is to highlight our infrastructure needs. It is critical to our nations prosperity. In personal meetings i have met with members of this committee both sides of the aisle and infrastructure is listed as a top priority because it is a driver of our nation aes econo and impacts every community. This community has a history of working together. I want to continue that tradition and has sweeping jurisdiction over our nations infrastructure. Our last meeting focused on highways and roads all within this committees purview. Recent rains in california and other western states highlight infrastructures and other structu structures, and dams that prevent catastrophic flooding in urban and rural communities. Earlier this month, 180 people were evacuated because of the dams in the United States. The potential dam failure is a concern to state officials and Peopl
Good morning. I call this hearing to order. President trump has made impr e improving our nations infrastructure a top priority and this is to highlight our infrastructure needs. It is critical to our nations prosperity. In personal meetings i have met with members of this committee both sides of the aisle and infrastructure is listed as a top priority because it is a driver of our nation aes econo and impacts every community. This community has a history of working together. I want to continue that tradition and has sweeping jurisdiction over our nations infrastructure. Our last meeting focused on highways and roads all within this committees purview. Recent rains in california and other western states highlight infrastructures and other structu structures, and dams that prevent catastrophic flooding in urban and rural communities. Earlier this month, 180 people were evacuated because of the dams in the United States. The potential dam failure is a concern to state officials and Peopl