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Uber's losses continue in march toward IPO

goneubering

Well-Known Member
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.
 

polar2017

Well-Known Member
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.
 

Uberyouber

Well-Known Member
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.
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 !!!
 

jocker12

Well-Known Member
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tohunt4me

Well-Known Member
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
 

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