End of the Line for Uber
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End of the Line for Uber
1–10 of 42 posts
Re: End of the Line for Uber
#2Dupe:
7 days ago, 311 comments: https://news.ycombinator.com/item?id=28132830
Yesterday, 41 comments: https://news.ycombinator.com/item?id=28197691
Re: End of the Line for Uber
#3Discussion from last week: https://news.ycombinator.com/item?id=28132830
Re: End of the Line for Uber
#4Uber didn’t invent adjusted EBITDA fwiw… it’s a standard practice for businesses to present GAAP and non-GAAP (pro-forma) earnings that they believe better represent the business. Also, any investor can simply look at Uber’s regular SEC-filed statement of cash flows if they would like to get a clearer view of Uber’s cash flows without those accrual accounting nuances
Re: End of the Line for Uber
#5Having done work for a few cab company owners, Uber never made sense. Many of these guys, the owners, probably make $75k in a great year - and Uber’s genius path to billions was to undercut them? Just image search “cab company owner” and see if you can find the billions.
Re: End of the Line for Uber
#6This is not a thought Guo analysis but a one sided bashing of some of uber’s practices and negative effects.
Uber is here to stay, and the voting on prop 22 has shown how much the population wants it to. Uber is also more than ride sharing and food delivery, with a successful logistics/trucking matching service.
Re: End of the Line for Uber
#7Given the numbers of this article, we should expect Uber to go bankrupt within the next two years or so. I'm fairly cynical and find it a reasonable prediction, but even if you don't agree with me, please play along. My question then is, when Uber goes bankrupt, what happens then? Would it spook the market? There are after all many other companies that have floated on investor capital. Would this sort of event be enough to cause a big market reckoning?
Of course this is all the sort of speculation that's impossible to predict, but it's just something I've been thinking for a while. Uber failing would be a pretty big failure.
Re: End of the Line for Uber
#8Having done work for a few cab company owners, Uber never made sense. Many of these guys, the owners, probably make $75k in a great year - and Uber’s genius path to billions was to undercut them? Just image search “cab company owner” and see if you can find the billions.
If a medallion owner can earn $75K per medallion per year, it seems there's a lot of possible value in trying to take $5-10K/year times the number of full-time medallion equivalents while avoiding the cost of buying the medallion and car [and maintaining the car] in the first place.
Re: End of the Line for Uber
#9Having done work for a few cab company owners, Uber never made sense. Many of these guys, the owners, probably make $75k in a great year - and Uber’s genius path to billions was to undercut them? Just image search “cab company owner” and see if you can find the billions.
I really just think the play on all these sorts of companies was just to get max amount of money in this era of intense amounts of dumb investor money before it dries up. The math on WeWork etc finding profitability never made sense. The investor money IS the end goal.
I didn’t know things were already this bad for Uber. Looking like a big short on the stock would pay off nicely soon. I’ll leave that to the big guys.
Re: End of the Line for Uber
#10Having done work for a few cab company owners, Uber never made sense. Many of these guys, the owners, probably make $75k in a great year - and Uber’s genius path to billions was to undercut them? Just image search “cab company owner” and see if you can find the billions.
If a medallion owner can earn $75K per medallion per year, it seems there's a lot of possible value in trying to take $5-10K/year times the number of full-time medallion equivalents while avoiding the cost of buying the medallion and car [and maintaining the car] in the first place.
They are talking about the owner of the whole cab company making 75k.