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From Q3 results, it sounded like the company was profitable just on ride-sharing itself and was losing a ton of money on eats + cargo + autonomous vehicles R&D.
by safog 7y ago
From Q3 results, it sounded like the company was profitable just on ride-sharing itself and was losing a ton of money on eats + cargo + autonomous vehicles R&D.
I wonder what a fair valuation would be for just the ride-sharing business if they were to spin off / shut down every other part of their business and essentially become Lyft.
- notfromhere 7y agoI wonder how much cost offloading was done to make ridesharing look profitable and everything look like a loss. Uber needs a positive narrative of some kind
- lm28469 7y agoaka Uber is selling a $5 pizza for $10 and recording $7 as "disruptive tomato sauce" r&d.
- erikpukinskis 7y agoThe outsized 5x loss last quarter does look an awful lot like a plume of hot gas escaping from a false narrative.
- liveoneggs 7y agobut I think lyft is losing even more money (scaled)
- safog 7y agoThey claim they'll be profitable by 2021. https://www.fastcompany.com/90420691/lyft-stock-skyrockets-after-company-says-it-will-actually-be-profitable-in-2021 https://www.fastcompany.com/90420691/lyft-stock-skyrockets-a...
- ummonk 7y agoDoes that include the driver incentives that are counted under marketing spend rather than subtracted from revenue as they should be?
- EpicEng 7y ago>From Q3 results, it sounded like the company was profitable just on ride-sharing itself and was losing a ton of money on eats + cargo + autonomous vehicles R&D. Only if goofy non-GAAP accounting is the standard (it's not).
- scarface74 7y agoThe company claimed to be profitable on rude sharing on an “adjusted EBITDA” basis. Which is basically a made up metric where they excluded over a dozen expenses.