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Two questions: 1) Uber really needs 2008-style, extreme-terms cash right now? 2) Buffett team must be fairly annoyed with Uber's negotiating to leak the story
by bklyn11201 8y ago
Two questions:
1) Uber really needs 2008-style, extreme-terms cash right now?
2) Buffett team must be fairly annoyed with Uber's negotiating to leak the story?
- valuearb 8y ago1) No, this is old news. Uber has years of cash. 2) if Buffett was annoyed he would not be commenting.
- bertil 8y agoWell, Uber lost 4 billions, and has 6.5 in the bank + 1.5 promised, so two years. “Years” is technically correct, but with their burn rate and at this scale, I would not snub billionaires in their position. I understand (from drawing similar models at Deliveroo) that you can actually predict quite well your demand, efficiency, maturity by city and have rather accurate loss prediction, and I suspect that Uber expects to loose less than 3 billions in 2018 (and try very hard to be profitable in the last quarter of 2019 prior to their IPO), and with that in mind, “years“ makes more sense, but… that’s like when a test pilot says ‘things are fine’ inches from disaster: still not a ride for everybody.