Is this the end game of the UBER experiment?

Google Gentrified
Aug 11 40 Comments

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TOP 40 Comments
  • Flagged by the community.

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    • Flagged by the community.

    • Google Gentrified
      OP
      🤓
      Aug 11
    • Microsoft MacroMSFT
      It’s a nice day - why don’t you boys put the phones down and go outside, eh?
      Aug 11
    • Oracle azingazuma
      Bench-Oath ...
      Aug 11
  • F5 Networks dontalk2me
    Nah .. uber is probably most disruptive company of last decade. It’s here to stay
    Aug 11 7
    • Google Gentrified
      OP
      But losing $5.2bn on $3.2 bn revenue is a recipe for disaster? They are already freezing hiring and losing talent to other tech giants
      Aug 11
    • Oscar 🐨koala
      4B is a one-time loss. Their ops loss is 1.3B
      Aug 11
    • F5 Networks dontalk2me
      I don’t think so. It’s just a bad quarter. This is a temporary freeze to avoid sell off but Itll revive.
      Aug 11
    • Google Gentrified
      OP
      I guess time will tell. They will need to issue bonds and raise money sooner than you think. And that will be a true test if the market funds them at junk status
      Aug 11
    • Uber / Eng zhdbwb
      It’s not even really 1.3, 300 mil of that was one time driver appreciation awards. Business is still growing 35% yoy
      Aug 13
  • Oscar 🐨koala
    Expect Uber to cost more, on par with Lyft.
    Aug 11 6
    • Oscar 🐨koala
      Yeah I have been avoiding taking Uber unless I absolutely have to. I live in NYC though.
      Aug 11
    • Google Gentrified
      OP
      In SF, Lyft is the way to go or you get labeled racist, sexist and your tinder date loses her mind that you can even consider Goober
      Aug 11
    • All the while she’s a 49er and thinks she’s entitled to the Kim Kardashian life on your dime.
      Aug 11
    • Google MrBenDover
      Gentrified, true. I guess it’s the pink colored logo ?
      Aug 11
    • Google Gentrified
      OP
      Amen. You are both 299% righto!
      Aug 11
  • Oracle alwzangry
    They destroyed...sorry, disrupted...taxis. Now, they'll charge customers like the taxis did, with the bonus feature of surge pricing. Awesome innovation.
    Aug 11 3
    • Uber / Eng fudhbe47
      I guess you forgot how bad the taxi was? Hard to get, no ETA, unclear route and charge, horrible driver. My dislike of taxi was 0 to do with its price
      Aug 11
    • Oracle alwzangry
      No, I didn't. I'm claiming that Uber hasn't solved the problem, but just took their place instead.
      Aug 11
    • Twitter / Data KC1
      Uber and Lyft generate a lot of negative societal externalities... but strictly as a consumer who needs a ride, Uber/Lyft are 100% preferable to taxis. At least I can be confident they’ll show up if I schedule one. I’d prefer decent public transportation, but sadly that seems to be a no go outside the Northeast corridor.
      Aug 11
  • Google zTnd3s
    I’m glad someone is doing a hiring freeze, it’s irritating when companies start hiring hundreds of new employees when it seems like there is no critical need
    Aug 11 2
    • Google Gentrified
      OP
      Amen. Side effect is TC baiters will run out of ammo as tech compensation balances out
      Aug 11
    • Uber / Product tuavwlee
      The freeze is good! Else it was a bunch of kingdom fortifying going on all over
      Aug 11
  • Uber / Eng fudhbe47
    To be fair, 5.3B loss includes 4B one time IPO costs and related compensation. The business grows nicely - 34% increase on Gross Booking (it’s not little on the amount of 50B). The 14% revenue growth is due to pricing incentives and strong US dollar which impacts us a lot more than regional competitors like Lyft
    Aug 11 2
    • Facebook Decoupled
      For comparison, Google's revenue grew at 22% in the last quarter. They're also affected by USD.
      Gross Booking overstates the impact of markets like India. The equivalent for Google would be clicks - which I promise you are growing much faster than revenue.

      FB grew revenue at 28%
      Aug 11
    • Uber Kumbaya
      GB and clicks are not comparable. The former still needs money to be spent and doesn't overstate India at all. So yes, India may contribute hell lot in your daily users for FB but I am sure revenue wise the share would be quite low. Also, at constant currency and taking out one time drive reward, ANR grew over 20% and guidance is 30% plus for rest of the year.
      Aug 11
  • End game coming during Thanksgiving when they cash out RSUs.
    Aug 12 0

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