August 9, 20197 yr 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.
August 9, 20197 yr 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?
August 9, 20197 yr 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.
August 9, 20197 yr 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.
August 9, 20197 yr 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.
August 10, 20197 yr 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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