Turkey

“In Getir, Turkey, in six years, we have scored very well in all these aspects. We saw them buying more from us, buying more frequently, and all the time these numbers are increasing.”

“What matters is this, your per hour cost of the delivery versus the basket, the ratio there. So let's say if my labor costs in the UK is twice as much, and my basket size is 2.2 times as much, my labor, although I pay twice, is less in the UK than Turkey. It's…”

“The first randomized control trial we have, I have some of my colleagues at Wharton was giving GPT-IV people for math tutoring in Turkey. Now, they didn't do a huge amount of, like, you know, it was an assigned class, and they used the system, but it turns out…”

“And we had to make a full massive migration that took nine months. Because you had to move everything at once. That took a big hit on the business and it took two years to fully recover from that.”

“I think the mistake the company made there was it left Turkey and didn't focus maybe on other markets that were similar to Turkey from a employment cost perspective.”

“In Turkey, I think we lost around five hundred million. What we didn't see was rule of law was a bit of a flexible concept there.”