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Regarding Uber. Uber is deeply polarizing because it made no money up until the most recent quarter while racking up $31.5-billion in operating losses since 201
by happytiger 3y ago
Regarding Uber. Uber is deeply polarizing because it made no money up until the most recent quarter while racking up $31.5-billion in operating losses since 2014.
But they made more than 300 million last quarter if I recall.
They “yet to turn a profit” criticism hit a roar in 2022 as the easy money dried up. See articles like:
https://www.curbed.com/2022/05/uber-ceo-memo-super-pumped.html https://www.curbed.com/2022/05/uber-ceo-memo-super-pumped.ht...
Of course this opinion is now under threat as Uber is turning a profit. But the idea that Uber is a failure that just hasn’t realized it’s full potential in that capacity yet is still deeply entrenched.
- Zetobal 3y agoUber was a bet on driverless cars and they were too early. The question is if they can survive until self-driving arrives.
- happytiger 3y agoIt’s interesting that as much as their CEO talks mobility and self driving, their fastest growing profit segment by FAR is delivery and it’s almost half their revenues. They may be a bet on self driving for mobility, but they are making most of their profit growth from Amazon-style last mile.