Uber run out of cash?

May 17, 2021 6 Comments

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 ?

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TOP 6 Comments
  • Uber
    Jerry.Kuo

    Go to company page Uber

    Jerry.Kuo
    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
    May 18, 2021 4
    • Amazon
      aws_native

      Go to company page Amazon

      aws_native
      Rides won't be profitable after more regulations which is the biggest risk. Uber isn't tanking until then. If regulation happens, I bet Uber would do whatever it takes to survive. This means moving engineering jobs to cheaper countries, lay offs, more cost cutting. I heard most of it is already on its way.
      May 18, 2021
    • Uber
      Jerry.Kuo

      Go to company page Uber

      Jerry.Kuo
      LoL probably I should load up more.
      May 18, 2021
  • Amazon
    RunningBug

    Go to company page Amazon

    RunningBug
    following
    May 17, 2021 0