Discussion in 'News' started by Oscar Levant, Aug 15, 2018.
https://www.nytimes.com/2018/08/15/...column-region®ion=top-news&WT.nav=top-news public offering
On Wednesday, Uber posted a loss of $891 million for the second quarter, compared with a loss of more than $1 billion during the same period a year earlier. The company took in $12.01 billion in gross bookings in the quarter — or the amount of passenger fares and food delivery fees — up 41 percent from a year ago. After paying out fees to drivers, revenue was $2.7 billion. When Uber turned a profit last quarter because it offloaded businesses in Russia and Southeast Asia, it cautioned that bump would not last as it planned to reinvest the money.
You know. Lower fares equal more earnings!!!
Investors are closely scrutinizing Uber’s financials because the company is one of the world’s most highly valued private firms, at $62 billion, and is preparing to go public by the end of 2019. Its I.P.O. is expected to be one of the biggest ever for a tech company.
One of the greatest punches in the face that drivers could ever do would be to have a strike the morning of the IPO.
I read that.
Google was gloating over it earlier.
Uber Eats Biggest Loser.
Does not look good for UBER PAPERBOY.
" BIGGER LOSSES MEAN MORE INVESTORS"!
Uber's worth 62 billion ???
Are they including my 2012 Camry ???
Staggering to lose near $900 million in 3 months.
No silver bullet to fix what can’t be fixed.
Even if Uber charged pax 2x the current rates & paid drivers the same, the end result is still staggering losses.
Hopefully Uber Drivers are saving their net earnings to invest in the IPO.
This guy needs a bigger diaper.
The two thumbs up certainly inspire confidence for me.
They will pay the drivers less. Scam money from upfront pricing. "Rebalance" payment time for rush hour. Flat dollar instead of surge price. Try to pay the driver 1. 5 on the 3. 2 surge. Winter warm ups ! Lower fares equal more Earnings.
Trust me they work NonStop on how to pay the driver's less. and in their spare time Uber blows billions of dollars in China and autonomous vehicles...and lawsuits !!!
"Balance sheet: $5.7 billion of cash and $4.7 billion of long-term debt, as of June 30, 2018. Overall assets are listed at $21.1 billion, and overall liabilities at $14.2 billion." - https://www.axios.com/ubers-losses-...870-2f85dfad-851d-49ec-954d-d5476880eecb.html
Burning $300 million a month is $10 million per day. Uber is a financial Auschwitz. Good job, Dara! You are a true capitalist!
I WISH I had Uber's & Dara Khosrowshahi’s problems
I'd seriously be thinking about shorting that stock.
Be careful. You could be crushed by a stampede of stupidity.
just wait until the dumb**** retail investor chain of fools runs out then short the **** out of it.
With the drivers isolated in a labor camp.
Just doubling down. Huh Heinrich...
Ever WONDER why the " "TRADITIONAL" CARNIVAL BARKER
is Always depicted with Hat & Cane ?
Hurry Hurry Hurry !
Step Right Up !
LOWER RATES MEAN MORE MONEY !
Everyones a Winner !
Observe photo of Charles Ponzi . . .
Hurry Hurry Hurry . . .
NO NEED TO TIP !
CON MAN is short for Confidence Man.
Uber with CONFIDENCE !
Recruit your Friends !
( Everything means SOMETHING)
Humming " Grand Illusion"- Styx
Separate names with a comma.