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“There's a lot of regulation that is circumvented or ignored by Chinese and US companies.”

“I think Gen AI or the largest beneficiary of AI is, is going to be the average company deploying it and not necessarily the mag seven the ones who are building it. I think that is probably contrarian In this, at least if I look at the stock market, we will see…”

“And I think right now that's a big part of our business and long term is going to be more than 50% of our business. So larger than food for sure.”

“We didn't do that fast enough in, in Colombia, as a good example, and we get disrupted by Rappi. So then the cohorts deteriorated big time.”

“I think that was an incredible acquisition only diluting Yeah, a few percent less than a 10% for a business that is, is clearly gonna outgrow the rest of the business.”

“Back in end of 2021, We felt a little bit worried about the market. We shut down Germany and Japan. We cut a 102 hundred million out of our budget before the year even started.”

“Just Eat, Deliveroo and Uber Eats, and they all make money in the UK, I would say decently so.”

“So in the end, we know that the margin on the business is going to grow to 10, 10 to 13% over time.”

“And global, we lost three hundred thirty million. When we acquired it”

“If you take our Thailand business, we scaled from a couple of thousand orders a day up to 400,000 orders a day in less than a year, but it was not sustainable.”

“We entered as a number two and number three, number four player in those markets. And we are now the largest.”

“Yeah, so, so, and of course, going back to this two hundred million mistake also done here that we were a thirty five billion company. So this was Back then, less than a percent. It was a half a percent of our market cap that we felt like we are willing to tak…”

“So if I give some of the examples was acquired when the company did 60,000 orders per month. And today it does maybe twenty million orders per month, or close to at least.”

“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'm still a big fan of Amazon, but of course the valuation of those companies have gone up a lot. So you cannot count on margin expansion or multiple expansion. Sorry. So, so the growth in those stocks will only be, or the value growth in those stocks would ba…”

“It already reached a point where you can actually make it work economically. And in some places regulation is also a part of it. It will take time to scale it. But I think Over time, I know, 25% of delivery could be done by drones, but it might be 10 years, so…”

“I would say robotics will be faster. So and probably be able to cover a larger portion of business.”

“So for example, with logistic, it took a couple of years before we were broke even per order basis in, in, in logistic, same with DMART and the whole quick commerce. It took us a couple of years to be break even per order basis, but we didn't, it was not becau…”

“I was part of starting was online pizza. It was a completely bootstrap, no investors at all. So we were break even almost on the first day of our business.”