5 ms·

Which adjustments in particular do you find deceptive in Uber's case?

• scarface74 7y ago
  They aren’t “deceptive”, they spell out how they arrived at those numbers, they disclosed that they aren’t GAAP and did all of the other disclosures that anyone who knows how to read financial statements would understand and should be able to make a judgement call on how to weight them. I’m more calling out the tech industry in general and some posters on HN specifically about how they sugar coat the performance of money losing present and former unicorns and they don’t measure success by profitability or at least marginal profits where you could see a clear road to profitability. Dropbox for instance is a YC/HN darling. It is one of only two YC funded companies to ever go public, has never been profitable and looks like it’s going to be squished as other players like Microsoft, Google and even Apple make their entire business “just a feature”.
  • gok 7y ago
    I agree that the industry would be healthier if companies tried to become viable/profitable earlier. I think in particular many took the wrong lesson from Amazon's ability to grow without making money for ~20 years.