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4.96 billion in losses to be announced by UBER next week

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Uberserge
1296 Rider Driver
 Posted 2 years, 1 month ago

4.96 billion in losses to be announced by UBER next week on their earnings report, Amazon's worst quarter was 548 million loss, they're beating Amazon on one thing so far, largest losses in history.

https://ride.guru/content/newsroom/will-uber-ever-be-profitable


Comments

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    cheesehead
    523 Driver Rider
     2 years ago

    So basically if you just sat around for the past 3 months and played video games on your couch, you did better than uber. Yay!

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      Uberserge
      OP 1296 Rider Driver
       2 years ago

      😆😂😂😂

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    chawes
    756 Rider Guru
     2 years ago

    4.96B in one quarter?? For real?

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      Uberserge
      OP 1296 Rider Driver
       2 years ago

      Yep, one quarter. On Wall Street terms, it’s called the kitchen sink quarter. They’re taking all the losses down for the year, everything going forward will be just operational losses. August 8 is the day, let’s see how close I get to it.

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        chawes
        756 Rider Guru
         2 years ago

        That is bonkers.

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    blackandyellow
    144
     2 years ago

    How do we know this figure if it hasn't been announced yet?

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      Uberserge
      OP 1296 Rider Driver
       2 years ago

      That's the average analyst estimates, if it's less stock may even go higher, 😆

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    KSkon
    51
     2 years ago

    It was their goal to keep it &below* $5B, so they are fine

    I wrote the above as a joke, but it's scary how there's probably some truth to it.

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    chewy
    82
     2 years ago

    Whoa. I get that companies usually have to lose money before they can make it... but this is really jaw dropping.

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      Uberserge
      OP 1296 Rider Driver
       2 years ago

      They're taking all their losses in this quarter, going forward all operational results will be clean.