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Uber's losses continue in march toward IPO

Discussion in 'News' started by Oscar Levant, Aug 15, 2018.

  1. Oscar Levant

    Oscar Levant Well-Known Member

    Driving:
    UberX
  2. goneubering

    goneubering Well-Known Member

    Location:
    LA/Orange Counties
    Driving:
    UberX
    Very interesting.

    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.
     
    tohunt4me likes this.
  3. Uberyouber

    Uberyouber Well-Known Member

    Location:
    Dallas
    You know. Lower fares equal more earnings!!!
     
  4. SEAL Team 5

    SEAL Team 5 Well-Known Member

    Location:
    Phoenix
    Driving:
    Livery
    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.
     
    upyouruber, Tnasty, MoreTips and 3 others like this.
  5. tohunt4me

    tohunt4me Well-Known Member

    Location:
    new orleans , la.
  6. Uberyouber

    Uberyouber Well-Known Member

    Location:
    Dallas
    Uber's worth 62 billion ???
    Are they including my 2012 Camry ???
     
  7. polar2017

    polar2017 Well-Known Member

    Location:
    NNJ
    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.
     
    Danny3xd and Uberyouber like this.
  8. 1.5xorbust

    1.5xorbust Well-Known Member

    Location:
    San Diego
    Hopefully Uber Drivers are saving their net earnings to invest in the IPO.
     
    Danny3xd, Uberyouber and jocker12 like this.
  9. jocker12

    jocker12 Well-Known Member

    Location:
    Washington
    hahahaha......

    This guy needs a bigger diaper.

    [​IMG]
     
  10. 1.5xorbust

    1.5xorbust Well-Known Member

    Location:
    San Diego
    The two thumbs up certainly inspire confidence for me.
     
    Uberyouber and jocker12 like this.
  11. Uberyouber

    Uberyouber Well-Known Member

    Location:
    Dallas
    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 !!!
     
    TwoFiddyMile and MoreTips like this.
  12. jocker12

    jocker12 Well-Known Member

    Location:
    Washington
    Last edited: Aug 15, 2018
    Tnasty and MoreTips like this.
  13. transporter007

    transporter007 Well-Known Member

    Location:
    Murray Hill
    I WISH I had Uber's & Dara Khosrowshahi’s problems
     
    Uberyouber and MoreTips like this.
  14. Oscar Levant

    Oscar Levant Well-Known Member

    Driving:
    UberX
    I'd seriously be thinking about shorting that stock.
     
    nomad_driver, MoreTips and tohunt4me like this.
  15. goneubering

    goneubering Well-Known Member

    Location:
    LA/Orange Counties
    Driving:
    UberX
    Be careful. You could be crushed by a stampede of stupidity.
     
  16. heynow321

    heynow321 Well-Known Member

    just wait until the dumb**** retail investor chain of fools runs out then short the **** out of it.
     
    DexNex and tohunt4me like this.
  17. Uberyouber

    Uberyouber Well-Known Member

    Location:
    Dallas
    really dude...
     
  18. jocker12

    jocker12 Well-Known Member

    Location:
    Washington
    With the drivers isolated in a labor camp.
     
  19. Uberyouber

    Uberyouber Well-Known Member

    Location:
    Dallas
    Just doubling down. Huh Heinrich...
     
    tohunt4me likes this.
  20. tohunt4me

    tohunt4me Well-Known Member

    Location:
    new orleans , la.
    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 !

    Remember
    CON MAN is short for Confidence Man.

    Uber with CONFIDENCE !

    Recruit your Friends !

    ( Everything means SOMETHING)

    Humming " Grand Illusion"- Styx
     

    Attached Files:

    Last edited: Aug 17, 2018
    TwoFiddyMile and Uberyouber like this.

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