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May 26, 2020, 8:01 a.m. EDT

The $8 Trillion Megatrend Taking Over Wall Street

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TaaS is sitting at the intersection of four macro trends: Electrified vehicles (EVs), connectivity, the sharing 'gig' economy and ESG investing. The TaaS market is projected to eventually hit $8 trillion encompassing ride sharing in personal transport, freight, food and drone delivery and distribution.

This is clearly happening as we speak, with global car sales contracting 4% in 2019 for the first time in a decade. TaaS will likely take the world by storm and become mainstream much more rapidly than many people are guessing…

Uber started in an apartment in 2009, and within just seven years, was booking more rides than the entire U.S. taxi industry! And it all happened for one simple reason... the same reason TaaS fleets could soon rule our streets...Economics.

TaaS will be 10 times cheaper than buying and operating your own, gas-powered vehicle, and will completely eliminate the need to hunt around for a parking spot when you reach your destination. Estimates are that TaaS will lower the total costs of transportation by 10-times for many car owners, compared to owning your own vehicle.

2020 could be the point at which car ownership will begin its long descent into oblivion. Back in 1985, AT&T hired the world's leading consulting firm, McKinsey, to predict the adoption rate of cellphones.

McKinsey's "experts" predicted the cell phone market would total 900,000 customers by the year 2000. But they were off by more than 100-fold... because the actual number turned out to be 109 million.

TaaS could soon drive down our costs of transportation to just a fraction of owning a car per mile! Today, it costs about 80 cents per mile in our gas-powered cars, according to AAA.

In a couple of years, it will most likely be the norm to hail an electric vehicle via an app on your phone, just like you hail a Lyft and Uber ride today. And instead of paying $50,000 for a new car... plus $3,000 a year to fill up your tank... and $1,000 to $4,000 a year for insurance, you’ll instead spend something like $150 a month for a set number of rides with a TaaS subscription.

Facedrive fully recognizes the implications of the powerful TaaS megatrend and encourages its customers to use its readily available fleet of EVs.The future of transportation is already upon us, and Facedrive (FD.V,FDVRF) is fixing its flaws.

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the demand for TaaS and ride sharing services will grow, and TaaS reach $8 trillion; that the demand for environmentally conscientious ride sharing services companies in particular will grow quickly and take a much larger share of the market; that Facedrive's marketplace will offer many more sustainable goods and services, and grow revenues outside of ride-sharing;that new products co-branded by Bel Air and Facedrive are ready to launch, with pre-orders coming soon on the Facedrive website; that Facedrive can achieve its environmental goals without sacrificing profit; that Facedrive Eats will expand to other regions outside southern Ontario soon and will close its purchase of Foodora; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plan. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the company's ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company's expansion activities and whether markets justify additional expansion; the ability of the company to attract a sufficient number of drivers to meet the demands of customer riders; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of Facedrive to attract providers of good and services for partnerships on terms acceptable to both parties, and on profitable terms for Facedrive; that the products co-branded by Facedrive may not be as merchantable as expected;that Facedrive does not close the purchase of Foodora and even if it does, the purchase does not bring the customers, partnerships or revenues expected; the ability of the company to keep operating costs and customer charges competitive with other ride-hailing companies; and the company's ability to continue agreements on affordable terms with existing or new tree planting enterprises in order to retain profits. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

ADVERTISEMENT. This communication is not a recommendation to buy or sell securities. An affiliated company of Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") has signed an agreement to be paid in shares to provide services to provide marketing and promotional activities to expand ridership and attract drivers. In addition, the owner of Oilprice.com has acquired additional shares of Facedrive (FD.V) for personal investment. This compensation and share acquisition resulting in the beneficial owner of the Company having a major share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns shares of this featured company and therefore has a substantial incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

DISCLAIMER: OilPrice.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein. The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact e-mail: editor@financialnewsmedia.com U.S. Phone: +1(954)345-0611

SOURCE: Oilprice.com

COMTEX_366134204/2608/2020-05-26T08:01:00

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

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