Uber run out of cash?
Uber net loss is in the billions every year, and a good portion of that is reflected in reduction of cash at hand. By this rate it will run out of cash in 2 years or so, or having to sell their equity stakes in didi, grab, aurora for more cash etc. Then I am seeing big offers here with top numbers. How does Uber still manage to give out those? RSU may be at zero cost with share dilution (10% more shares are created since Uber IPO) but they still got to pay those expensive engineers base salary & bonus. Have the finance team done any math ?
Rides is profitable business even during covid. Many of those spend are for growing new verticals/markets or covid recovery or one time spend like the UK 600m settlement for the past. Yes regulation is still a risk but not enough to make me worry. Uber could have different modes to offer for different regulation outcomes
Isn’t rides profitable because of accounting tricks? Your eng salary / data center cost are not part of the rides profit calculation. So even “rides” as a business is ebitda positive, you got the rest of company supporting that while ebitda negative.
I can’t disclose more. Up 2 you. I am not selling a share
following