Uber has released its financial for 4th quarter and full year of 2019 here: https://investor.uber.com/news-events/news/press-release-details/2020/Uber-Announces-Results-for-Fourth-Quarter-and-Full-Year-2019/ It looks like the company is doing great. Do you think Uber has recovered from the layoff last year, and do you expect it to perform stronger in the near future? Also is this a good time to join Uber? Any chance the stock price will go up? And any risk for another round of layoff?
Companies always do well financially when they fire a lot of people.
Uber cut 1,000 jobs and the world went crazy. Companies like Oracle, Cisco and Microsoft regularly lay off thousands and no one bats an eye. https://www.seattletimes.com/business/microsoft/microsoft-starts-layoffs-with-reportedly-thousands-of-job-cuts/ http://www.businessinsider.com/microsoft-may-have-its-biggest-job-cuts-in-history-this-week-2014-7
Still there is a huge risk of layoffs, hasn’t recovered
If losing $1.1bn in a quarter is doing great, I question your calibration.
Amazon, Tesla did too for many many years.
Rides is already "profitable" bro. And please take into account equity compensation cost due to IPO in the 1.1bn. Media loves these flashy numbers
The losses are priced in already and it looks like cutting losses. So a good time to join on a upward trajectory.
Lol
A lot of it is the promise that we’ll be profitable by Q4. It seems most of that comes from the assumption that growing top line net inflows at this scale allows us to take between 50-60% + to the bottom line. Especially if we bring take rate up on Eats as we scrap bad promos and sell impossible markets. All ^ from the earnings call. No secret info.
Yes
I made a lot on it
They laid off enough people to create an artificial bounce on the way to the gutter
Dead cat bounce
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Load up on Uber calls