4 ms·
perhaps update your priors at this point. Uber is a profitable company now.
by ambrood 3y ago
perhaps 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.