31–40 of 136 posts
This isn't exactly what he said, but 1 * (1-0.80) * 1.43 is... -72% from the original.
> The challenges are continuing in the second quarter. In April, rides were down 80% globally compared to last year, Khosrowshahi said. But rides have been increasing for the past three weeks and bookings in large cities across Georgia and Texas, two states that started re-opening, are up 43% and 50% respectively from their lowest points, he said. This isn't exactly what he said, but 1 * (1-0.80) * 1.43 is... -72% fr…
First, they were gonna make the jump to be an autonomous robotaxi service, but that's going nowhere fast. Then they were going to be mobility service - cars, bikes, scooters, everything would go through them. But no more. So what are they going to be now? Just milk their taxi service until Waymo, Tesla or whoever comes and wipes them off the market? Honestly, what are their long-term prospects? I've been staying away…
First, they were gonna make the jump to be an autonomous robotaxi service, but that's going nowhere fast. Then they were going to be mobility service - cars, bikes, scooters, everything would go through them. But no more. So what are they going to be now? Just milk their taxi service until Waymo, Tesla or whoever comes and wipes them off the market? Honestly, what are their long-term prospects? I've been staying away…
I've invested in uber so here's my take - If uber leaves growth mode and makes smarter investments in new services/markets, they can be profitable. They have positive margin on ridesharing in most markets. I believe uber eats could also earn money in the short term. And I want them to continue investing in last-mile delivery (which I believe they have canceled for now). Even though eats isn't earning a lot now, I bel…
Earlier quoted context omitted.
I've invested in uber so here's my take - If uber leaves growth mode and makes smarter investments in new services/markets, they can be profitable. They have positive margin on ridesharing in most markets. I believe uber eats could also earn money in the short term. And I want them to continue investing in last-mile delivery (which I believe they have canceled for now). Even though eats isn't earning a lot now, I bel…
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"Net loss attributable to Uber Technologies, Inc. of $2.9 billion, which includes $277 million in stock-based compensation expense and pre-tax impairment write-downs of $2.1 billion. Net loss attributable to Uber Technologies, Inc. excluding the impairment write-downs, net of the tax benefit would have been $1.1 billion." So a loss of $1.1bn is an improvement on $1.4 last quarter, not including write-downs associated…
First, they were gonna make the jump to be an autonomous robotaxi service, but that's going nowhere fast. Then they were going to be mobility service - cars, bikes, scooters, everything would go through them. But no more. So what are they going to be now? Just milk their taxi service until Waymo, Tesla or whoever comes and wipes them off the market? Honestly, what are their long-term prospects? I've been staying away…
This is what I want to know. Ridesharing fares are obviously underpriced … and if they were raised 30% to make them sustainable, it becomes "not worth it" for a good chunk of people who use ridesharing as a supplement to car, bus, transit, etc. I assume the strategy is a long-play to have people + communities become wholly dependent on your services (they skip buying cars, skip learning to drive, transit fails to evo…
> The challenges are continuing in the second quarter. In April, rides were down 80% globally compared to last year, Khosrowshahi said. But rides have been increasing for the past three weeks and bookings in large cities across Georgia and Texas, two states that started re-opening, are up 43% and 50% respectively from their lowest points, he said. This isn't exactly what he said, but 1 * (1-0.80) * 1.43 is... -72% fr…
I mean, an 80% loss isn't good, but a 400% gain is pretty excellent. Growth like that is how you get to the moon!
Could someone w/ an understanding of accounting add to this report? Uber is "offloading" bike/scooter business to Lime, but also making an investment in Lime... is this just a way to hide losses? Essentially paying Lime to take the red off Uber's balance sheet, while maintaining an option in the micromobility market?
Uber thought it was a good transportation business. It was wrong. It's a good market maker, and a good middle-man.
Ebay? Middle-man. All retailers? Middle-man. Pay Pal? Middle-man.
Find out how to be the middle-man.