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> and get to bank their billions. The only billions Uber has is in losses: 2022: Uber lost $6 billion to start the year, but reports a rebound in ride-hailin

by miles 4y ago

> and get to bank their billions. The only billions Uber has is in losses: 2022: Uber lost $6 billion to start the year, but reports a rebound in ride-hailing and no issues with driver supply https://www.marketwatch.com/story/uber-posts-nearly-6-billion-loss-from-investments-but-reports-a-rides-rebound-beating-estimates-11651664829 https://www.marketwatch.com/story/uber-posts-nearly-6-billio... 2021: Uber is still losing a lot of money https://www.businessinsider.com/uber-still-losing-a-lot-of-money-latest-earnings-show-2021-8 https://www.businessinsider.com/uber-still-losing-a-lot-of-m... 12 Years After It Was Founded, Uber Says It Might Finally Make a Profit https://www.fool.com/investing/2021/09/21/12-years-after-it-was-founded-uber-says-it-might-f/ https://www.fool.com/investing/2021/09/21/12-years-after-it-... 2020: Uber lost $8.5 billion in 2019, but it thinks it can get profitable by the end of 2020 https://www.theverge.com/2020/2/6/21126965/uber-q4-earnings-report-net-loss-revenue-profit-2019 https://www.theverge.com/2020/2/6/21126965/uber-q4-earnings-... 2019: Uber lost over $5 billion in one quarter, but don’t worry, it gets worse https://www.theverge.com/2019/8/8/20793793/uber-5-billion-quarter-loss-profit-lyft-traffic-2019 https://www.theverge.com/2019/8/8/20793793/uber-5-billion-qu...

bambax 4y ago
Uber may be losing billions, but Travis Kalanick still has his. > In the weeks leading up to [his] resignation, Kalanick sold off approximately 90% of his shares in Uber, for a profit of about $2.5 billion. https://en.wikipedia.org/wiki/Travis_Kalanick https://en.wikipedia.org/wiki/Travis_Kalanick
amelius 4y ago
Sadly, this is normal for growing companies. Amazon lost year after year at some point. Uber's CEO is still laughing their way to the bank. F...ing up our economy is profitable.
- hgomersall 4y ago
  Cory Doctorow makes a pretty compelling case it's just a bezzle: https://doctorow.medium.com/the-big-lie-that-keeps-the-uber-bezzle-alive-8d6e8c0ccde7 https://doctorow.medium.com/the-big-lie-that-keeps-the-uber-...

by miles 4y ago

bambax 4y ago

Uber may be losing billions, but Travis Kalanick still has his. > In the weeks leading up to [his] resignation, Kalanick sold off approximately 90% of his shares in Uber, for a profit of about $2.5 billion. https://en.wikipedia.org/wiki/Travis_Kalanick https://en.wikipedia.org/wiki/Travis_Kalanick

amelius 4y ago

Sadly, this is normal for growing companies. Amazon lost year after year at some point. Uber's CEO is still laughing their way to the bank. F...ing up our economy is profitable.

hgomersall 4y ago
Cory Doctorow makes a pretty compelling case it's just a bezzle: https://doctorow.medium.com/the-big-lie-that-keeps-the-uber-bezzle-alive-8d6e8c0ccde7 https://doctorow.medium.com/the-big-lie-that-keeps-the-uber-...