specific cities often say that your enemy is an empty car empty see the economics of an empty bus see it including environmental economics is very different from an empty car see it as you try to integrate more and more modes of transportation into into a platform i'm going to privilege environmentally friendly ones. i think all of it is pretty much the same for us. in europe right now so we could be kidding or 0 but i think it applies to a bus as much as a car and to go back to your 1st comment i mean one of the any museum we should not forget if you could interest a transport we're reaching awash in france and germany pretty much all over the world. by cars the car is to boost used transport if you could. car pulling a what we do is actually very very tiny today so the biggest expense for us in the

next year but in the next 510 years how do we built a better product with more safety maybe a better economy contract between the passenger and the driver to convince more drivers to shove a cord under the seats now you mentioned that cars are still the dominant means of transportation in the bigger cities but i think that's changing and in many metropolitan areas you do see a push for public transportation and higher tariffs parking terrace for the car where do you how far do you think this quest for share the public transportation can go and do you think people will ever in bigger cities will they ever give up car ownership and would that be good for users so i think what you describe is very true in cities when you talk about like very short distances weave in cities and clearly i think eventually you'll see less and less cars in barry's you know in the center of the city is just a matter of time. on in. all over europe the share of private

cars journeys between. 600 kilometers cory's stable going up so she the car over the last 20 years has not been replaced by trains or buses because the reason people do score between cities is because the car is the only like universal connector that gets you exactly from where you want to go to do exactly where you're going to where you want to go and that's where you always find that in most countries the western europe in the rush i think it's about between 60 and 80 percent of journeys between 10600 kilometers are done by car today same thing 10 years of something 20 years ago now the 1st victims of blah blah are expansion they usually bus lanes especially the loss making once and i mentioned before that last year you made an interesting it position of company is that something that you plan to do in other countries and what is their rationale of that those whose very the acquisition in france is very very specific to the french

and german market to the french and german market. until essentially 5 years ago when the market liberalized. if you think of it we created a black car in france and germany before any bus companies existed both came along both took some market share really shows that your core point is not killing buses because that's contradictory example where buses came into force and germany and grew market we've buses we've car and we've trains. you know other markets like brazil or many other markets where we operate there were buses before we arrived. the reality is we take there you need to market your from buses because people tend to use something else but then to use but because of proximity because they find a car but leaving from the right side of town of that does the right detour in the countryside or a small city and we tend to actually work we have bus companies and ag. companies.

in russia is a good example. companies because. there are a lot of complaints from companies about your surface online i mean they don't appreciate your business. is changing there are. 2 years ago yes even we had blue suits but we want. a competition of course we would. think you the dialogue as companies and i think most of them actually understand that we serve a slightly different need that we also be very strong online distribution and today we have over 400. that we contracted. distributing. so they realize that we bring additional additional passengers i heard you say on many occasions that one of the biggest challenges for you in growing the markets is

establishing the trust between the driver and the passenger that they can actually share that journey together that it's safe from many social studies to know that russia and ukraine the way your growth has been phenomenal the level of social trust isn't one of the lowest in europe how do you explain the success of here. it's really interesting like we. rush. brazil some extent. faster with. lower cost of marketing. it was a mix of probably the transport network because it was a big countries the transport network was not as functional dysfunctional. germany were you have like a very decent train system historically. gaps where you have lots of connections and where you know it's very functional and. from

a trust point of view what we've seen in both countries is. the lure you know son's at the ratings we built in the community where you put your food to and then you write the driver and driver is going to write back the passenger was creating a lot of trust in europe we see that you need to create the trust to like id checks and very few occasions an online payment. less required in markets like russia and ukraine and brazil you know many people are asking whether the. measures the security measures that in this markets were enough because last year here in russia we had a case of a mentally disturbed serial killer and using your service to create fake accounts and to kill a young woman and a mother of 2 children i know that you said that you were going to introduce passport checks in response to that incident but you gave yourself 2 year is aren't 2 years i know fully a long time in this kind of business. it was horrible and we don't build the

business of it. for us and safety was like the starting point. if you think of how people did he tried going back in the days there was no trust layer whatsoever so we created this community where you need to sign up you need to create an account with your account. number eventually all the time and we progress into work we do checks which we did not rule out in response to an event actually because we started i did check in other countries long before and it's just a matter of putting that in place i did check so hard to do by the way but you have them for example in india if i'm not mistaken and you had them from the very beginning why it was that number concern in this. implementation was a challenge because i don't think we can shake and control you need like a. government database that it's not your level playing for. countries are you can

do that very easy some countries it's very complex. unfortunately in countries like russia it's been ruled out and implemented a year ago we launched. cruise to have 3000000 people so 400000 users and we're going to continue doing that the next step is also online payment online payment is going to help the word trust and reliability by the way because you have a financial commitment that you will get to the core as a passenger but enables better tracking so today i think we have strong users. moderation of the community. in the case you mention they should the person who was found because we can track back so there was no fake account. he created his account. phone number we were registered in a different name so in a way it was if they build something yes and you know it's something we been able

to track and that's why you sound overwise you would not be found but perfect at the end of the day we've been improving and improving trust and safety based on people that's because like you when he's good enough never have you. back after that incident because it was widely publicized on russian social media and i know from personal stories that many of my friends are now much more has it and about service as opposed to let's say for taxi service. all these services where you think. you interesting. before we launched in india for example. air b.n. b. in some cases and so on i think at some point point you can perfect information where you control everything so what we've been essentially doing is how do we keep on improving and adding layers and layers forcing people to go through everything because of the. why is going to be

a problem if you ask people to give like the best board and idea and so on the never works we have to take a short break now but there will be back in just a few moments. what is it calling one is magic and the new type of digital currency essential lies digital scarcity chancellor. of 2nd bailout for a bank that's called the genesis blog for reason to calling it civil disobedience a source of optimism because i can control my own financial destiny it's just a new way of coming to consensus it's

a game changer in the human history this is columbus discovering a new world this paradigm shifting technology that transforms economics and finance in a heartbeat the apollo 11 landing on to the max and stacey. were defeated but so. far good. luck because the people. just. committed to did. you finish it oh my. god so it's really. going to be those. it's

this kid who wanted. to give. any. kind of a system definition in a head in a 7 hour news and. so what we've got to do is identify the threats that we have it's crazy isn't foundation let it be an arms race is often scary dramatic to follow the only posts really i'm going to resist i don't see how's that strategy will be successful very critical time to sit down and talk. is hard to take so from somebody if you know have some to replace. you're going to do this interview today don't do use market mode and then they take me.

off the area. so i'm going to tell you stop selling drugs if we'll hire somebody because the money to buy. dangerous real life has almost been basically mccullers feast before the horse do you know what's a good many security positions over the us you know. david jack me again. you see people get all their cars you know see you coming in the herd and this seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. and do this. run to try reading. it to some give me.

both and actually as a part of that nicholas press and see all and co-founder of blog. before the break we were talking about sharp growth in this country 70 percent per year if i'm not mistaken and that's naturally the trucks a lot of attention. a few years ago the russian authorities already and they were going to tax the ride sharing services and it was. after the intervention of the french finance and the economy minister that this initiative put on hold you seem to have a pretty strong state for a private french company and. the thing is right sharing is often confused we've corp willing needs of cement you have right sharing as your right sharing which is

what. those companies are doing and you have core pulling which is private citizen sharing the core and sharing of cause between cities. essentially in most countries . some level of regulation and then we worked on improving the regulation to define what is putting it and most important you would use call sharing so what is the definition of like you sharing the cost of the journey you would do anyway so in europe i would say we're pretty far in the process you know russia it's a process we started like a year and a house and 2 years ago now i would sort of in a regulation. taxing the mini you would essentially sharing the cost of driving your vehicle is nonsensical because there is no profit being made so it's always been or. in russia it was always understood the whenever we talk to regulators in russia the concept is i really want a regular. defined i really want to go back to that issue but before we do that. i

have a sense that you do have a certain protection of the state authorities but. at least. some kind of environment distinguishes you from other companies and my suspicion is that because you are a major. french star can i ask history do you think you have any backing any from the french authorities when it comes to russian regulation because there are many attempts to undermine your business here through courts complaints through appeals to the prosecutorial office but you've always been spared as you said you are now part of a major government efforts you drive the legislation and that hasn't happened in russia way too often when business is directly involved in drafting something like that we know of driving it obviously we've been doing it in several countries so it's pretty logical that you get involved i mean for the regulation to to make

sense. the relationship with the french government we have known actually i mean we have the same relationship we have in every country right now is drafting like when you. do you we have to spend a lot of times explaining what we do and what we don't do should be regulated it is normal business everywhere but you're not feeling any support any particular. perception is. there and it's true in most countries and i think one of them is the . of what we do you know you talk about 20000000 people using the service. it's extremely hard people save money. on the underarm and disposed of externalities on the social benefits because you people meet and so on so i think we look. at we do something that makes sense for society make sense of the environment people in cities and save money and yes it helps you because it's

common sense whenever regulations being built i think we have. a free country that sensible and realize that it would make no sense to you to prevent people from doing something like that the question is more like how do you define the bond. of was call sharing was not god sharing which is what we would be building right now. this is not a tax a surface service therefore participants particularly the driver should not pay taxes given that the you are branching into. in france and potentially elsewhere is that still a valid argument because for many of your interviews i get a sense that you actually want to be a platform a marketplace for both paid and paid services how do you make sure the well being seamless for your consumers you are not also being used as a means of tax evasion. sure when we do buses it's

a very different matter when we do buses in false it's a professional sort of these. transport. transport companies when we do core putting putting you have the driver sharing a cost which means the number of passengers you can carry is limited the maximum amount you can passenger and then you even core putting on the supply side was providing the ride we have to complete different businesses today to the point where it's 2 separate companies one is. just something in russia we going to work with like professional suppliers providing a bus service on the other side of the car putting service which is do you. see the difference between the 2 because always there are people in the texas service and in russia is a pretty american service there are always people who are trying to gain and to get an unfair advantage do you always see. extremely clear

and then it's down to defining a proper regulation again but markets where it's well defined and she's very simple just like the price because the measure of education collect as a driver which is defined as an example the u.k. would tell you it's $45.00 pounds but if you make more than $45.00 pounds per mile . making money you need to be. a taxi driver as a transporter make less than 45 miles then you sharing the cost of motoring says. new free market. forces a very very clear coat of black and white let me give you one interesting example from the south of russia recently when the blah blah car customer arranged a right within the cities and when he showed up at the meeting point he was shown into a diesel locomotive the service provider charged him a certain amount delivered this service but i think that's a beautiful example of what you would call into modality but. it's questionable

both from taxation and security point of view. when you work with the governments how do you think they should throw is the question of whether their societies are ready for the kind of shared billeted you want to provide. the example you give i mean i would say we also have like your example of people who manage somehow to bypass the platform and so what we do is we should we were building a. road after that the concept of sharing platform where drivers share the ride. we know it is the concept of the consumer marketplace we can all go and shake every car we built a community ratings and we built them to see you. so in that case the president is going to say it's not a car. you're one that bring in the additional modes of

transportation you do not limit yourself to a car we do but knowingly which is very different from. the do what you describe is more like an outlier type story out of. your foray into russia began in the acquisition of a ukrainian company arrived in the midst of 2014 of each happened to be a very difficult and traumatic year for both russia and ukraine if you had to do that all over again what do you have taken the risk. yes because we do. not like a ukrainian company or russian company time it was that was not to be. a small platform but something 3000 people. in ukraine we're actually doing or putting. in both countries so it was important for us was to.

get a work in. we can work in ukraine. take time machine and we were just in europe and that was the 1st time we. universal. company taking off was the proof that it was universal and pretty much everywhere we want we found some cultural changes it's pretty universal there are cars everywhere. everywhere and if you built a could good product and good quality service you can you and our people to share the car at the terror you made that ukraine an acquisition. that the ukrainian company as far as i know was involved in some trans border rides do you still do that. between russia and ukraine. we. are actually across the border. but back then it was no dream big because it was very tiny it was. like 30000. have only

45 i mean people go back and forth there all the time and there's actually a huge demand because according to official ukrainian figures around 3000000 ukrainians. are doing their regular bases between the 2 countries and the traditional modes of transportation are hindered because of the political situation do you think you should actually is there a business opportunity there for you or you would be more sort of politically sensible in this. country except maybe countries that belgium cross borders very don't you for us to do mystic. like he's very. close border speaking about politics there was another interesting case. involving blah blah car this time in the ukraine a when the driver and the passenger got into a heated argument about politics and the driver of

a certain point decided that the journey is still being. allowed the passenger by the side of the road i wonder if there is any attic what kind of blah blah you're supposed to have in the cars sport of. the adventure of the social experience so the reason you have blah blah blah blah blah is the birth of the name black car is moved of the time in a better car you're going to have discussions. again 99 percent of the time people tell us and we have lots of that we. come back and reached from this experience because. these 2 also got in. perhaps maybe maybe it's a great life. story though i mean i do a lot of a lot of. people have different opinion you know world where you live in a social bubble. your social media whatever you would be and you believe that

everybody is the same way i think it's quite refreshing actually that you take. people have different political views different view of the world that you don't even realize exist because on your facebook feed they don't exist anymore for some reason we bring people to giver you know card that when. you meet. your destination because. people that. transport which is discussing and. yeah but i mean if one of them living in the other in the middle of the 4 is that it's a liability for you as well is it not. people in the forest because their argument i think most of the time over was i guess we would not have. the success we 20000000 people using it again that.

compliment of the service is a big plus. not a minus. you always going to have stories beauty of life and people were people disagree on stuff and discussion on stuff now customer service doesn't deal with people left on the road because they disagreed on the argument. they made friends. mind. transport a new transport company does that for you. good in that sense. and we have to leave it there i wish you all the. thank you. same place thing. time here i don't want to part. where.

i why a paradise with some around turned into a round experimentation field but agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would that the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but often in day you have many of these people where one foot into the biotech pharma and the other foot in

the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of environmental races going on in hawaii whether these companies feel they can get away with this because the people have less political power.

in his stories the shakes the weak u.s. president donald trump says he cancelled an air strike on iran because he doesn't want to kill anybody unless it's absolutely necessary. i don't want to kill him on the radio i understand that i don't want to kill you. but it. looks exactly the same. and as well as opposition parties accused of spending humanitarian aid on lavish hotels and drugs prostitutes. on 4 hours that's how long president putin spends on certain questions from the public he's on he will q. and a session covered key domestic and world issues.