Hillary should be in prison. A hard core prison.
Sorry. Posted to wrong thread.
The stock is up 3%. The amount of the loss was expected.
Way to go Dara!
And there was a story yesterday of an Uber driver who took passengers to the airport......then returned to their house to rob it..................
When a company like Uber invests in growth and runs big losses, competitors can’t keep up.
The key to success is to maintain leadership and be in a growth market that will be lucrative in the future.
Uber’s problem is not its losses. It’s its leadership. They cannot keep up with the growth in terms of management and policy. Plus, their business model has a lower barrier of entry for any company with capital.
While Tesla has its own struggles, I think it is well-positioned to be the dark horse that crushes Uber due to more sophisticated self-driving technology. Musk, whether you think of him as a pioneer or a charlatan, has a track record of being able to raise money.
Uber has the advantage of a worldwide presence that took a lot of legal and political maneuvering to achieve. In other words, they already have relationships with politicians to obtain favorable regulations. Despite this, I fully expect Uber’s leadership to run it into the ground and bankrupt it, defrauding the public while taking care of its rich investors and figureheads.
Uber is being heavily shorted right now.
Gonna be interesting to see how it plays out.
Should stay private. You’re at the mercy of shareholders, who can kick you out of your own business
There is NO WAY I would EVER drive for Uber, Lyft, or any of those idiots.
Equilibrium on the Uber/Lyft/GrubHub/DoorDash economy should level out IMO to someone higher pay to drivers and at least a stop in growth in customers.
Particularly the food delivery model takes a big cut out of local restaurant margins. I think there will be a mini-implosion/backlash as restaurants take back their own power if they can—though giving up the marketing through these lazy person’s delivery sites will be tough for them.
In some ways it is not that different than what Big Ag has done to local poultry farmers, for example, who end up as little more than modern-day sharecroppers.
Has that billion dollar “loss” really been quietly moved into offshore accounts to enrich the top management? What are the expenses vs. the take? They don’t have to own, maintain and insure vehicles and physical locations like the rental companies do. But I don’t hear about Hertz, Avis or Enterprise taking losses!