Current Events > Uber lost more than $1 billion in the first quarter

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Cocytus 05/30/19 4:53:08 PM #1:	https://www.cnn.com/2019/05/30/tech/uber-earnings/index.html I don't see why, it's a popular service. <cite>Cocytus posted [p:922576950] in Uber lost ... [t:77750751]...</cite> <quote>https://www.cnn.com/2019/05/30/tech/uber-earnings/index.html I don't see why, it's a popular service.</quote> ... Copied to Clipboard!
BlameAnesthesia 05/30/19 4:57:25 PM #2:	Cocytus posted... I don't see why, it's a popular service. I imagine it's providing their services at cost, or subsidizing the costs in some manner in order to continue holding onto as much market share as they can given the steep competition in rideshare companies. There might be unintuitive costs associated with expanding into different markets, especially internationally, and they might just be in a period of expansion. They could be investing a ton into up and coming technologies to remain relevant in the near future (e.g., self-driving services). Who knows. --- Anesthesiology resident PGY 1 - prelim surgery <cite>BlameAnesthesia posted [p:922577149] in Uber lost ... [t:77750751]...</cite> <quote><cite>Cocytus posted...</cite> <quote>I don't see why, it's a popular service.</quote> I imagine it's providing their services at cost, or subsidizing the costs in some manner in order to continue holding onto as much market share as they can given the steep competition in rideshare companies. There might be unintuitive costs associated with expanding into different markets, especially internationally, and they might just be in a period of expansion. They could be investing a ton into up and coming technologies to remain relevant in the near future (e.g., self-driving services). Who knows.</quote> ... Copied to Clipboard!
Master_Bass 05/30/19 4:57:45 PM #3:	Lol. --- Many Bothans died to bring you this post. <cite>Master_Bass posted [p:922577163] in Uber lost ... [t:77750751]...</cite> <quote>Lol.</quote> ... Copied to Clipboard!
Error1355 06/01/19 7:26:26 AM #4:	Love all these new services that seemingly lose money hand over foot but somehow stay open. --- Welcome home, shed your skin and expose your bones. Take my hand, follow us into the black so far that we can't get back. <cite>Error1355 posted [p:922643922] in Uber lost ... [t:77750751]...</cite> <quote>Love all these new services that seemingly lose money hand over foot but somehow stay open.</quote> ... Copied to Clipboard!
thronedfire2 06/01/19 7:28:53 AM #5:	I hope they find it --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... <cite>thronedfire2 posted [p:922643953] in Uber lost ... [t:77750751]...</cite> <quote>I hope they find it</quote> ... Copied to Clipboard!
Malfunction 06/01/19 7:32:29 AM #6:	Error1355 posted... lose money hand over foot Agreed, those companies are diamond dozen <cite>Malfunction posted [p:922644003] in Uber lost ... [t:77750751]...</cite> <quote><cite>Error1355 posted...</cite> <quote> lose money hand over foot </quote> Agreed, those companies are diamond dozen</quote> ... Copied to Clipboard!
Zanzenburger 06/01/19 8:42:49 AM #7:	Uber's current state is likely an investment bubble like Moviepass was. Unless they strike gold with one of their current R&D projects relatively soon, they are in for a rude awakening occe investors wise up and start pulling away. The promise of future growth can only be pushed for so long before investors will want to see payouts. This seems to be the case for a lot of tech startups recently. The only one that is looking to show any promise and is worth investing in are gene therapy companies in the biotech industry as they are actually showing results of huge growth. --- Congratulations! Your post was deemed response-worthy. <cite>Zanzenburger posted [p:922645317] in Uber lost ... [t:77750751]...</cite> <quote>Uber's current state is likely an investment bubble like Moviepass was. Unless they strike gold with one of their current R&D projects relatively soon, they are in for a rude awakening occe investors wise up and start pulling away. The promise of future growth can only be pushed for so long before investors will want to see payouts. This seems to be the case for a lot of tech startups recently. The only one that is looking to show any promise and is worth investing in are gene therapy companies in the biotech industry as they are actually showing results of huge growth.</quote> ... Copied to Clipboard!
NL 06/01/19 8:53:11 AM #8:	Ever since it started Uber has been kept alive by very wealthy people. <cite>NL posted [p:922645532] in Uber lost ... [t:77750751]...</cite> <quote>Ever since it started Uber has been kept alive by very wealthy people.</quote> ... Copied to Clipboard!
TheBiggerWiggle 06/01/19 9:12:27 AM #9:	I blame uber eats. --- I have trouble concentrating because I have 80HD. <cite>TheBiggerWiggle posted [p:922645902] in Uber lost ... [t:77750751]...</cite> <quote>I blame uber eats.</quote> ... Copied to Clipboard!
King_Hellebuyck 06/01/19 9:16:50 AM #10:	That sucks. Uber is a great service but if it gets too expensive then itll just be as annoying as taxis. --- All Hail King Connor! Official Connor Hellebuyck fanboy <cite>King_Hellebuyck posted [p:922646001] in Uber lost ... [t:77750751]...</cite> <quote>That sucks. Uber is a great service but if it gets too expensive then itll just be as annoying as taxis.</quote> ... Copied to Clipboard!
St0rmFury 06/01/19 9:17:04 AM #11:	Uber actually lost to Grab in my country. And Grab naturally started raising their fares not too long after that. --- "Average Joe" is a trolling term since it's completely an opinion. "Overachieving" is also an opinion. - SBAllen (Hellhole: 52458377) <cite>St0rmFury posted [p:922646007] in Uber lost ... [t:77750751]...</cite> <quote>Uber actually lost to Grab in my country. And Grab naturally started raising their fares not too long after that.</quote> ... Copied to Clipboard!
Cocytus 06/02/19 6:55:28 PM #12:	St0rmFury posted... Uber actually lost to Grab in my country. And Grab naturally started raising their fares not too long after that. That's a weird ass name for a car pick up company. <cite>Cocytus posted [p:922704891] in Uber lost ... [t:77750751]...</cite> <quote><cite>St0rmFury posted...</cite> <quote>Uber actually lost to Grab in my country. And Grab naturally started raising their fares not too long after that.</quote> That's a weird ass name for a car pick up company.</quote> ... Copied to Clipboard!
bover_87 06/02/19 7:17:54 PM #13:	Uber isn't even legal here --- I...I shall consume. Consume...consume everything. ~ [FFRK] rcr6 - Arbiter's Tome/Forbidden Power/Divine Veil Grimoire <cite>bover_87 posted [p:922705672] in Uber lost ... [t:77750751]...</cite> <quote>Uber isn't even legal here</quote> ... Copied to Clipboard!
St0rmFury 06/02/19 8:42:56 PM #14:	Cocytus posted... St0rmFury posted... Uber actually lost to Grab in my country. And Grab naturally started raising their fares not too long after that. That's a weird ass name for a car pick up company. It's short for Grabcar. --- "Average Joe" is a trolling term since it's completely an opinion. "Overachieving" is also an opinion. - SBAllen (Hellhole: 52458377) <cite>St0rmFury posted [p:922708706] in Uber lost ... [t:77750751]...</cite> <quote><cite>Cocytus posted...</cite> <quote><cite>St0rmFury posted...</cite> <quote> Uber actually lost to Grab in my country. And Grab naturally started raising their fares not too long after that.</quote> That's a weird ass name for a car pick up company.</quote> It's short for Grabcar.</quote> ... Copied to Clipboard!
TreyFlowers 06/02/19 8:57:16 PM #15:	thinking of switching to Ola in Australia. Ubereats >>>> tho --- PATRIOTS Tom Brady objectively has six rings. <cite>TreyFlowers posted [p:922709269] in Uber lost ... [t:77750751]...</cite> <quote>thinking of switching to Ola in Australia. Ubereats >>>> tho</quote> ... Copied to Clipboard!
SauI_Goodman 06/02/19 8:59:11 PM #16:	Give it time young Vader. Amazon lost money for 14 years before it took off. --- Currently playing: Super Metroid (snes), Murdered: Soul Suspect (xbox1) <cite>SauI_Goodman posted [p:922709349] in Uber lost ... [t:77750751]...</cite> <quote>Give it time young Vader. Amazon lost money for 14 years before it took off.</quote> ... Copied to Clipboard!
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Current Events > Uber lost more than $1 billion in the first quarter (+) Yeah! (+)

Current Events > Uber lost more than $1 billion in the first quarter