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Uber reported massive losses that were larger than expected — and the stock is sinking

Uber reported massive losses that were larger than expected — and the stock is sinking

Read more on Business Insider

Contributions

  • Fundamentally, this comes down to: (1) Uber being able to execute on the vision of being the Amazon of transportation (they have to be the default for everything that moves people or goods from point A to point B whether through ridesharing, Uber Eats, Uber Freight, bikes and scooters or anything else)

    Fundamentally, this comes down to: (1) Uber being able to execute on the vision of being the Amazon of transportation (they have to be the default for everything that moves people or goods from point A to point B whether through ridesharing, Uber Eats, Uber Freight, bikes and scooters or anything else); (2) their model works if car ownership is truly on its way to being an anachronism -- if so, then they've just scratched the surface of what ridesharing can be; (3) being able to demonstrate real innovation while not returning culturally to the days when Uber was ruthless at all costs. If they can do this -- which is a very big IF to say the least -- they can meet and exceed everyone's expectations. Whether they can is another story.

  • Uber is pivoting their narrative from from a ridesharing company to a platform company.

    Uber Eats growth contributed 91% of their core platform revenue increase!

    Any investor in Uber today should be focused on the food delivery business. A massive opportunity but also comes with many well funded competitors.

  • I’ll still hail a real taxi or car service. Ride sharing is fine if that’s all there is, but as a passenger you have more protection and rights in a licensed taxi than you do in an uber or lyft. Not to mention a city, county or state office to complain to if something goes amiss with your ride. Uber

    I’ll still hail a real taxi or car service. Ride sharing is fine if that’s all there is, but as a passenger you have more protection and rights in a licensed taxi than you do in an uber or lyft. Not to mention a city, county or state office to complain to if something goes amiss with your ride. Uber has not been very good at weeding out bad actor drivers or addressing customer complaints. I’m not surprised Uber’s share price took a tumble. They want all the profits but no accountability,cause traffic jams, sometimes rip off or assault their riders and often act unprofessionally (since for the most part, they are not). The honeymoon is over, Uber is not the cheapest or safest option out there, and there are other, better options often available. Uber is going to have to pick up its game on quality and price or watch share price tumble more.

  • The market can be very short sided. You don’t have to look too far back to remember rhetoric around Amazon never being profitable, the iPhone’s inability to compete against Blackberry, Facebook losing out on mobile, Netflix not being scaleable, etc. You have to appreciate how massive this market is to

    The market can be very short sided. You don’t have to look too far back to remember rhetoric around Amazon never being profitable, the iPhone’s inability to compete against Blackberry, Facebook losing out on mobile, Netflix not being scaleable, etc. You have to appreciate how massive this market is to put the investments into context. It’s a land grab out there and if Uber doesn’t do it someone else will. The market is supply constrained so you have to invest or there’s no point.

  • Their product creates gridlock and slowly bankrupts the asset holder. If we all uber, no one gets there fast...

  • They will make it up in volume

  • Does anyone really have faith in Uber's pronouncements when so far they have failed to show profits. The business model is so fragile that the various components could and should be replicated to promote compensation.

  • When will people realize this business model is not profitable? Long term either drivers will be classified as workers and protections will be placed decreasing Uber profitability more so or poor wages and high vehicle maintainance will decrease driver rentention. Public transportation is not developed

    When will people realize this business model is not profitable? Long term either drivers will be classified as workers and protections will be placed decreasing Uber profitability more so or poor wages and high vehicle maintainance will decrease driver rentention. Public transportation is not developed enough and American cities are too spread to revolutionize car ownership. Increased vehicle prices is probably more the reason for some decreased ownership rates.

  • Expecting Uber Eats in Japan.

  • I’m the fool. I should have convinced investors to give me billions only to lose billions. I guess we are back at it, like late 1990s style.

  • Their mission statement is all about conservation - but they just drive around with their engines running waiting for a fare!