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Unfortunately. Uber has made it normal for people to work for poverty wages to make their asset depreciate even faster, all because they managed to pump a shitl
by alexb_ 3y ago
Unfortunately. Uber has made it normal for people to work for poverty wages to make their asset depreciate even faster, all because they managed to pump a shitload of money into a money losing proposition. Getting a personalized driver right now should be a luxury expense - Uber dumping money that they will never make back into it doesn't change that. Uber drivers should be paid fairly, like employees, and not as independent contractors.
- jacquesm 3y agoUber has just posted their first profitable quarter ever. No idea if they will be able to sustain that.
- 4ggr0 3y agodamn, they must've sold a lot of real estate assets to achieve this /s
- jacquesm 3y agoClose enough: "Uber reported a net income of $394 million in the second quarter. That number includes a $386 million unrealized gain from equity investments, so it's not quite as good as it looks. " https://www.fool.com/investing/2023/08/02/uber-is-profitable-for-real-this-time/ https://www.fool.com/investing/2023/08/02/uber-is-profitable... It will be interesting to see if they manage to close at least one bookyear in the black. If with a windfall like that they can't manage then they likely never will.
- missedthecue 3y agoHave you ever driven for Uber? As long as you're getting rides, it pays quite well after accounting for vehicle fuel and maintenance. The only time it doesn't make sense in my experience is if you're in a low-traffic area.