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If you're talking about the Q3 net loss figure, I already mentioned downthread that a good chunk of it was due to the Didi stake write-off. This is kinda why I

by lhorie 5y ago

If you're talking about the Q3 net loss figure, I already mentioned downthread that a good chunk of it was due to the Didi stake write-off. This is kinda why I mentioned the rideshare industry talks so much about ebitda; the equity side is so leveraged and volatile that it overshadows the operations numbers at this point, despite not actually having all that much impact in day-to-day operations.

disgruntledphd2 5y ago
Point me to a quarter where they have made a GAAP profit, please. Like, I've been bearish on Uber for a long time now, but would be happy to be proved wrong.
- lhorie 5y ago
  I mean, we already went over this, i.e. there isn't such a quarter on record, if that's the only metric you're looking at. At least from what I've seen, many analysts are bullish right now (mostly due to a combo of low stock price, growth momentum in hedged verticals and scale of operations). Another data point is Doordash; some have pointed out that Uber eats' volume is bigger than DD, yet that isn't reflecting in the stock price (i.e. they think uber is undervalued considering the trajectory of profit in uber's delivery segment) Disclaimer: I've been keeping a pretty close eye on uber because I have a fairly sizable stock position. My intention here isn't to shill or cheerlead or whatever. Obviously, take whatever I say with a grain of salt, do your own research, etc.
  - disgruntledphd2 5y ago
    > Disclaimer: I've been keeping a pretty close eye on uber because I have a fairly sizable stock position. My intention here isn't to shill or cheerlead or whatever. Obviously, take whatever I say with a grain of salt, do your own research, etc. Totally fair. I would have a different position (obviously) if I had invested in them. I just really don't see them getting enough profits to justify their valuation, but then I was wrong about FB so I may just be a perma-bear.

by lhorie 5y ago

disgruntledphd2 5y ago

Point me to a quarter where they have made a GAAP profit, please. Like, I've been bearish on Uber for a long time now, but would be happy to be proved wrong.

lhorie 5y ago
I mean, we already went over this, i.e. there isn't such a quarter on record, if that's the only metric you're looking at. At least from what I've seen, many analysts are bullish right now (mostly due to a combo of low stock price, growth momentum in hedged verticals and scale of operations). Another data point is Doordash; some have pointed out that Uber eats' volume is bigger than DD, yet that isn't reflecting in the stock price (i.e. they think uber is undervalued considering the trajectory of profit in uber's delivery segment) Disclaimer: I've been keeping a pretty close eye on uber because I have a fairly sizable stock position. My intention here isn't to shill or cheerlead or whatever. Obviously, take whatever I say with a grain of salt, do your own research, etc.
- disgruntledphd2 5y ago
  > Disclaimer: I've been keeping a pretty close eye on uber because I have a fairly sizable stock position. My intention here isn't to shill or cheerlead or whatever. Obviously, take whatever I say with a grain of salt, do your own research, etc. Totally fair. I would have a different position (obviously) if I had invested in them. I just really don't see them getting enough profits to justify their valuation, but then I was wrong about FB so I may just be a perma-bear.