Uber Posts $708M Loss as Finance Head Leaves
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Re: Uber Posts $708M Loss as Finance Head Leaves
#2"Revenue up 18%
Loss down 1/3rd
22x+ the revenue of $snap
So much important work left to do, but congrats to the @Uber team."
Re: Uber Posts $708M Loss as Finance Head Leaves
#3[deleted]
Re: Uber Posts $708M Loss as Finance Head Leaves
#4Reuters (non-paywall): https://www.reuters.com/article/us-uber-results-idUSKBN18R3E...
Re: Uber Posts $708M Loss as Finance Head Leaves
#5Reuters (non-paywall): https://www.reuters.com/article/us-uber-results-idUSKBN18R3E...
wsj Article Unlock bookmark: javascript:window.location.href='http(s)://m.facebook.com/l.php?u='+encodeURIComponent(window.location.href);
remove the '(' and ')' around s in https
Re: Uber Posts $708M Loss as Finance Head Leaves
#6"Revenue up 18% Loss down 1/3rd 22x+ the revenue of $snap So much important work left to do, but congrats to the @Uber team." https://twitter.com/jason/status/870059383765389312
Why the silly dig at Snap? If you subtract Snap's employee stock program it lost $200m last quarter which is a lot less than Uber's $700m loss.
Re: Uber Posts $708M Loss as Finance Head Leaves
#7Has anybody published an estimate of what Uber's cash reserves might look like, or how long they can remain solvent at these insane burn levels? Losses of $3B/year seem like they would put almost anybody out of business.
Re: Uber Posts $708M Loss as Finance Head Leaves
#8Has anybody published an estimate of what Uber's cash reserves might look like, or how long they can remain solvent at these insane burn levels? Losses of $3B/year seem like they would put almost anybody out of business.
From the article:
"The company, which has raised some $15 billion in equity and debt funding, said it still has $7.2 billion of cash left on hand, about the same as it had at the end of last year."
Re: Uber Posts $708M Loss as Finance Head Leaves
#9"Revenue up 18% Loss down 1/3rd 22x+ the revenue of $snap So much important work left to do, but congrats to the @Uber team." https://twitter.com/jason/status/870059383765389312
Why the silly dig at Snap? If you subtract Snap's employee stock program it lost $200m last quarter which is a lot less than Uber's $700m loss.
Uber might actually exist in 10 years, the dig at Snap seems extremely fair game in this frothy environment
Re: Uber Posts $708M Loss as Finance Head Leaves
#10I wonder how they'll be able to raise more cash with all this turmoil within the company. Even a 15B [1] cash hoard can't last much longer at this burn rate.
[1]https://mobile.nytimes.com/2016/06/21/business/dealbook/why-...