Nothing much I can say, very disappointed financial record, lose 5billion just for 3 months window. The market cap is barely 73billion, jump out of the sinking ship asap!
You clearly don't understand financial markets. New issues generally incur large losses the quarter after IPOing due to how options and stock vest. 3.5 Bill or so is essentially a one time expense
They lost 1.3 B excluding all that shit (overpaying higher up people) and revenue is slowing. They don't look good.
So Uber no longer has to pay its employees post-IPO?
Only 1.3 billion excluding equity comp... Only 1.3 guys... /ducks
Revenue is only 3.1B. So it's not like they can cut some cost and suddenly be profitable.
Sux cause self driving cars are 10+ years away. More like 30. Sad!
What they lose in terms of money, they make up in super high growth. 14% yoy! Oof.
Gross bookings up 31%. MAPCs up 30%. Need to improve contribution margin but growth is still there. All is not lost.
It's easy to sell a dollar for 90 cents. In fact if they lowered the price of their dollars to 80 cents, I'm sure we'd see gross bookings go up even more. The hard part is keeping those growth numbers while trying to actually make a profit. I don't have much confidence Uber will be able to pull that off before AV arrive. And even then, Uber will need to be first to market in order to capitalize on their current user base because switching costs are so low.
shit man, do you really care? stay at MS and get your peanuts people who can leetcode and have brains will easily find job if Uber crashes more problem for uber - more opportunities for people to grow there
It is impressive how much the revenue growth has slowed down.
the market cap is at $67B now