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But then Uber would be forced to lose even more money while “disrupting” their industry?
by jfghi 3y ago
But then Uber would be forced to lose even more money while “disrupting” their industry?
- warent 3y agoWell yeah... they're forced to lose money in the same way any failed non-viable business is "forced to lose money" lol
- ambrood 3y agoperhaps update your priors at this point. Uber is a profitable company now.
- jfghi 3y agoWikipedia puts net income at -9.1 billion for 2022. It takes more than one quarters worth of information to update a prior on a 14 year old company.
- imgabe 3y agoUber had a profitable quarter. They are still $30 billion in the red over the lifetime of the company.
- sokoloff 3y agoIndeed. A net income of $394M in the quarter doesn't even pay 3 month's worth of imputed interest charge on $30B of aggregate losses.
- ambrood 3y agoyou realise that much of it is stock grants right?
- ambrood 3y agoAgain much of that is how the accounting for stock grants goes (most of it in company’s history) and not say, actual PNL incurred in incentives.