4 ms·

> when it comes to losses are groups like Uber Can this meme die already? Uber turned $25b into a $107b company. Rides/Mobility are profitable.

roenxi 3y ago
More than a decade of losses is hardly a meme, they nearly burned 10 billion last year. It is a much more interesting story than Truth Social. > Rides/Mobility are profitable. You can probably pick out a random subset of any company that is profitable. The sales team in nearly any company is profitable. The question is how the profitable part would do if disassociated from the all the loss making parts.
- lesuorac 3y ago
  > The question is how the profitable part would do if disassociated from the all the loss making parts. Probably pretty well considering it's profitable. Good thing one of Trump's favorite things is to go bankrupt in which you can indeed separate the loss making parts from the profitable parts. Although obviously not great for local labors when their invoices are to the loss making part.
  - roenxi 3y ago
    Are you an MBA by any chance? They'll be left with a highly profitable business with no moat, no capital and no employees that work on profitable activities. The odds are really good that in this case that sort of thinking will fail the acid test. They'd be a taxi company without the licenses - that isn't worth a decade of billion dollar losses.
- reducesuffering 3y ago
  That’s why they axed the unprofitable long term bets and are only subsidizing growth in Uber Eats because they’re behind DoorDash, a market worth $37b in market cap. Their forward P/E is still 68, and what they burned last year is part of the $25b investment that still turned out to be a very valuable company.
  - reducesuffering 3y ago
    https://www.cnbc.com/quotes/UBER?tab=financials https://www.cnbc.com/quotes/UBER?tab=financials Shows current quarter profitability

4 ms·

> when it comes to losses are groups like Uber Can this meme die already? Uber turned $25b into a $107b company. Rides/Mobility are profitable.

by reducesuffering 3y ago

roenxi 3y ago
More than a decade of losses is hardly a meme, they nearly burned 10 billion last year. It is a much more interesting story than Truth Social. > Rides/Mobility are profitable. You can probably pick out a random subset of any company that is profitable. The sales team in nearly any company is profitable. The question is how the profitable part would do if disassociated from the all the loss making parts.
- lesuorac 3y ago
  > The question is how the profitable part would do if disassociated from the all the loss making parts. Probably pretty well considering it's profitable. Good thing one of Trump's favorite things is to go bankrupt in which you can indeed separate the loss making parts from the profitable parts. Although obviously not great for local labors when their invoices are to the loss making part.
  - roenxi 3y ago
    Are you an MBA by any chance? They'll be left with a highly profitable business with no moat, no capital and no employees that work on profitable activities. The odds are really good that in this case that sort of thinking will fail the acid test. They'd be a taxi company without the licenses - that isn't worth a decade of billion dollar losses.
- reducesuffering 3y ago
  That’s why they axed the unprofitable long term bets and are only subsidizing growth in Uber Eats because they’re behind DoorDash, a market worth $37b in market cap. Their forward P/E is still 68, and what they burned last year is part of the $25b investment that still turned out to be a very valuable company.
  - reducesuffering 3y ago
    https://www.cnbc.com/quotes/UBER?tab=financials https://www.cnbc.com/quotes/UBER?tab=financials Shows current quarter profitability