Uber and Lyft drivers making $3.37/hr

Page 8 of This can't be right. I'm smelling some faulty logic from the MIT geniuses. I know a few people who drive and there's no way this is right. Drivers, wha... 110 comments | 8703 Views | Go to page 1 →

  1. #106
    theguru's Avatar
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    I see Uber just reported a 5.2 Billion dollar loss during the last quarter.

    And I used Uber yesterday, it was another great experience.
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  2. #107

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    Quote Originally Posted by theguru View Post
    I see Uber just reported a 5.2 Billion dollar loss during the last quarter.

    And I used Uber yesterday, it was another great experience.
    How did they lose 5.2 billion? Is that vs their previously projected revenues?

  3. #108
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    Quote Originally Posted by sportsfan41 View Post
    How did they lose 5.2 billion? Is that vs their previously projected revenues?
    From the Great Google Machine and CNBC:

    Uber missed expectations on the top and bottom lines, reporting a loss per share of $4.72 versus an expected loss of $3.12 per share. It reported revenue of $3.17 billion versus $3.36 billion expected by Wall Street. The company said the $5.2 billion loss during the quarter was largely due to stock-based compensation.

  4. #109

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    Quote Originally Posted by theguru View Post
    From the Great Google Machine and CNBC:

    Uber missed expectations on the top and bottom lines, reporting a loss per share of $4.72 versus an expected loss of $3.12 per share. It reported revenue of $3.17 billion versus $3.36 billion expected by Wall Street. The company said the $5.2 billion loss during the quarter was largely due to stock-based compensation.
    Guru's info made me do a little research, seems with the initial IPO that the previous private company had $3.9billion in stock options and RSOs that get expensed. This # will be reduced in future reporting periods to about $500million and creates favorable optimism. Although the bottom line was less than anticipated the market price at $42 seems to be holding.

  5. #110
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    I wonder how much the scooter companies are hurting them. I was in Dallas and San Antonio last week and we used scooters for trips that would have likely gone to Uber prior to them showing up all over downtown.

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    Quote Originally Posted by Irish Cat View Post
    I wonder how much the scooter companies are hurting them. I was in Dallas and San Antonio last week and we used scooters for trips that would have likely gone to Uber prior to them showing up all over downtown.
    I don’t know, but those Scooters are accidents waiting to happen. I see near accidents almost daily walking downtown.

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