Uber stock

Google
dashdo

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dashdo
Aug 31, 2021 31 Comments

In the last 2.5 years since IPO, Uber stock is still down 25%. The market cap after billions of dollars of acquisitions is $75B. Doordash closed at $65B market cap today.

Did Uber’s strategy of jack of all trades master of none fail on itself? Uber has several business lines and trades just $10B over Doordash (which is just one of Uber’s businesses) yet significantly more unprofitable. The stock is sub-40. What does Uber have in store for the future?

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TOP 31 Comments
  • Adobe / Sales
    adobefan

    Go to company page Adobe Sales

    adobefan
    I think they’ll recover over time. They have multiple revenue streams when their competitors have only a handful.

    They can crush it if they figure out how to optimize their costs and operations.
    Aug 31, 2021 7
  • Problem is, they will always be a taxi company parading as a tech company. That doesn’t scale up well worldwide.

    They built their entire operation as a taxi company specifically designed to avoid the regulations traditional taxi companies must abide by. Over time, those regulations are getting applied to them. But unlike a regular taxi company, they have to shell out hundreds of millions to execs and software engineers.

    Check out the uber rates in Seattle right now if you don’t believe me.
    Aug 31, 2021 9
    • Amazon
      iagfwvbwj

      Go to company page Amazon

      iagfwvbwj
      yea Uber should come up with something like Prime membership that's just too good to pass up. Uber pass is garbage.
      Sep 2, 2021
    • Uber
      InAnOut

      Go to company page Uber

      InAnOut
      We have Eats pass which is already offering discount on rides and free food delivery and groceries, but we haven't done a good job advertising it. I also agree that Uber pass is trash
      Sep 2, 2021
  • Uber
    rdzK57

    Go to company page Uber

    rdzK57
    Personally I think it’s a good investment. The competition on rides is down to 2 public players in the US. The competition on Food is down to 2 players in the US (maybe 3 considering grubhub). Everyone is public… which means they have to disclose financials every quarter. Investors are demanding profitability now. So, these companies can’t undercut each other as much as they used to. Now, everyone raises prices together (it’s not coordinated.. but they all have to Bc of what investors are demanding). So with lower competition, I don’t think market share budges that much anymore. Now, just raise prices, cut costs, and grow organically as the whole pie continues to grow (rides + delivery). With time, the market will realize this and I think the price will eventually catch up.
    Aug 31, 2021 2
    • Microsoft / Eng
      rtcewnb

      Go to company page Microsoft Eng

      rtcewnb
      Everyone raising is hard. That's not how it works. I wouldn't want to pay $10 fees to deliver a $12 lunch home
      Sep 1, 2021
    • Uber
      uber’ed

      Go to company page Uber

      uber’ed
      Food Delivery is meant for the affluent upper mid class, in the Us.
      Courier got to earn at least 10-15$ per order as each takes half an hour or more. There is nothing around that.

      This is unlike populous dense developing countries where the unit of economics are just better.
      Sep 1, 2021
  • Google
    newolddev

    Go to company page Google

    newolddev
    Uber lost its mojo when they hired Dara. You can trace the subsequent decline in market share across all their lines of business from that point
    Aug 31, 2021 5
  • New
    nopenope2

    New

    nopenope2
    Nothing. Uber's business model is very similar to WeWork and is failing for the exact reasons.
    Aug 31, 2021 2
    • Uber
      timorlane

      Go to company page Uber

      timorlane
      This could be the case but in that case DoorDash should also fall in a year or two.
      Sep 1, 2021
    • New
      npnpnpnp

      New

      npnpnpnp
      Yeah let's see if how they're gonna do after COVID
      Sep 1, 2021