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https://www.axios.com/exclusive-uber-financials-2475912645.html https://www.axios.com/exclusive-uber-financials-2475912645.h...

• tyingq 9y ago
  Right, 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 ago
    From the article: "Uber's global ride-share business was margin positive last quarter"
    • tyingq 9y ago
      Also 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.