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to back up your point: https://www.nytimes.com/2017/05/31/technology/uber-limits-loss-to-708-million-in-first-quarter.html https://www.nytimes.com/2017/05/31/t
by V-eHGsd_ 9y ago
to back up your point:
https://www.nytimes.com/2017/05/31/technology/uber-limits-loss-to-708-million-in-first-quarter.html https://www.nytimes.com/2017/05/31/technology/uber-limits-lo...
> The company said Wednesday that it lost $708 million over the first three months of the year on revenue of $3.4 billion, not counting expenses like employee stock compensation. That is a narrowing of the previous quarter’s loss of $991 million, on revenue of $2.9 billion.
revenue grew by ~500M, losses fell by ~300M. this isn't just more butts in seats trying to avoid the rain. this is about increased efficiency; each trip costing less in incentives and efficiency doesn't depend on the weather, or the hemisphere.
anyway, if the trend continues, we'll know more in a week.