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It's about time their investors get a massive liquidity event. I tend to think the lack of an near term exit strategy was one of many reasons Travis got the boo
by Bretts89 9y ago
It's about time their investors get a massive liquidity event. I tend to think the lack of an near term exit strategy was one of many reasons Travis got the boot.
- tyingq 9y ago18 months isn't much time to present financials that would support a high IPO price though, is it? I assume the current financials still show pretty big losses due to the subsidized pricing.
- kingnothing 9y agohttps://www.axios.com/exclusive-uber-financials-2475912645.html https://www.axios.com/exclusive-uber-financials-2475912645.h...
- tyingq 9y agoRight, so rosy language, but still $500 to $600 million of loss per quarter, presumably from subsidies. I guess you have to believe either in self driving cars happening somewhat soon, or cutting subsidies doesn't cut demand too much.
- kingnothing 9y agoFrom the article: "Uber's global ride-share business was margin positive last quarter"
- tyingq 9y agoAlso from the article: "Adjusted net loss fell almost 9% quarter-over-quarter to $645 million" So they probably mean gross margin. They did reduce the losses as a qoq comparison. But, it's still $645M lost in a quarter.