How about have a masseuse sitting at the backseat to give out massages? Too weird? 
$1B quarterly loss. Iâm really confused why they pay restaurants for delivering their food. That must just be to crowd out everyone else. Usually, the restaurant pays the delivery service a 30% fee. The restaurant marks up the cost of the food to cover the delivery fee.
It just shows the business model isnât sustainable without self-driving cars which arenât close to reality.
â Deutsche Bank called the ride-hailing service the most attractive Internet IPO since Facebook.
âWe see Uber as the most attractive Internet IPO since Facebook and believe that concerns related to Uberâs profitability outlook pose less risk than Facebookâs tran-sition to mobile at that time. We see signs of rationalization in the competitive dynamics in ridesharing. This, combined with the lackluster IPOs of Uber and Lyft, which may curb irrational private funding activity, are likely to result in improving competitive dynamics and contribution margins for Uber. ââ
What idiots. Structural unprofitably of $1B per quarter is less risk? What rationalization? Raise prices and consumers will use it less. Cut driver pay, and people will stop driving.
Only 400? Maybe 4000 might move the dam needle.
https://finance.yahoo.com/news/uber-lays-off-400-employees-195352059.html
âExcluding stock-based compensation, Uberâs losses were around $1.3 billion, roughly 30% worse than in the preceding quarter.â
With SBC, the loss was over $5B or more than revenueâŚ
From another article;
âRevenue grew to $3.1 billion, up 14 percent from a year ago, the slowest quarterly growth rate Uber has ever disclosed.â
Losing over $1B a quarter and growing 14% a year⌠That is horrifying.
The more Uber earns, the larger its loss. Run!
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So a company needs to sexually harass women to be successful?
We arenât even close to lockup expiration either. I want an up day for Uber to buy some puts that expire in January.
Even if Uber survives till there are self driving cars how will it pay for and maintain them? Now all the capital cost and maintenance is done by the drivers who end up making minimum wage after all expenses and wait time.
Uber has no money to buy millions of self driving cars that it now gets for free.
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They will have to raise price, which will remake the economics of ride hailing vs cabs vs driving
plus if they really spent all that money to buy all those cars, their balance sheet will look like crap. They will go from a capital efficient âsoftware/techâ company to an old school hardware company and their stock price will be punished accordingly.
he he⌠
November 6th I believe.
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