RIDEGURU
As promised couple of days ago, here it is, they managed to lose 5.24 billion dollars in one quarter.
Uber stock plunges 12% on $5.24 billion quarterly loss
Posted 5 years, 4 months ago
Posted In
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Posted By
Sergio Avedian (Uberserge)
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Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
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Comments
This should surprise no one. This company is burning cash like it's going out of style. Always has. maybe always will.
That's a no from me dawg.
Look at the bright side, I guess now is the time to buy.
Just because it's cheaper, doesn't mean it's a good but. Heard of never catch a falling knife? I have to say show me the money before I buy UBER.
Amazing. Even worse than predicted.
Remember the forecast I posted last week?
Yep. 4.96B right? It just amazes me that a company can lose that much cash in a quarter.
Easy to do if you sell a 50 cent burger for a nickel. 😆