[Chrisdrhjh]

I know they like to lose $3 billion dollars a year but how do they do it?! Do they have parties where they flush money down toilets or do they burn cash to stay warm during winter?

Disclaimer: all numbers were pulled out of my butt unless link is provided

Income:
Generated $5.5 billion revenue in 2016, funded $3.5 billion from saudi arabia (where women aren't allowed to drive.), + 1 billion debt financing from morgan stanley.

Expenses:
They lost $3 billion this means they spent a total of $8.5 billion

They hardly spend any money on support. The app upkeep and development is a legitimate expense, but still 1200 engineers is excessive for an app that took less than 40 to develop...

I know people will say it's referral & new signup bonuses, but if the 100 ride requirement average $15 = uber will get $2.30 booking fee + 25% of (15-2.30)= $3.18. So Uber will get approximately 100 x $5.48 = $548 to offset whatever the referral bonus is at that time. I'm still sure that they lose a lot of money getting new drivers.

So if Uber generated $5.5 Billion from their 25% cut this means Drivers gross total of fares was about $22 billion. If each driver generated $50,000 this means there were 440,000 drivers. (this is somewhat close to the 370,000 in 2015)

if EVERY SINGLE ONE of the 440,000 drivers received a $2,000 bonus this = $880 million
say miscellaneous uber lawsuits / fines and legal fees = $1 billion
insurance, logo, vehicle & doc inspections, background checks = 1 billion
they have 6700 employees, say each of them make 250k = $1.675billion

other expenses ? leather jackets?? sexual harassment seminars? = $$$4,000,000,000

 

[Whothought]

Disclaimer: all numbers were pulled out of my butt unless link is provided

Exit only.

 

[Old Smokey]

I know they like to lose $3 billion dollars a year but how do they do it?! Do they have parties where they flush money down toilets or do they burn cash to stay warm during winter?

Disclaimer: all numbers were pulled out of my butt unless link is provided

Income:
Generated $5.5 billion revenue in 2016, funded $3.5 billion from saudi arabia (where women aren't allowed to drive.), + 1 billion debt financing from morgan stanley.

Expenses:
They lost $3 billion this means they spent a total of $8.5 billion

They hardly spend any money on support. The app upkeep and development is a legitimate expense, but still 1200 engineers is excessive for an app that took less than 40 to develop...

I know people will say it's referral & new signup bonuses, but if the 100 ride requirement average $15 = uber will get $2.30 booking fee + 25% of (15-2.30)= $3.18. So Uber will get approximately 100 x $5.48 = $548 to offset whatever the referral bonus is at that time. I'm still sure that they lose a lot of money getting new drivers.

So if Uber generated $5.5 Billion from their 25% cut this means Drivers gross total of fares was about $22 billion. If each driver generated $50,000 this means there were 440,000 drivers. (this is somewhat close to the 370,000 in 2015)

if EVERY SINGLE ONE of the 440,000 drivers received a $2,000 bonus this = $880 million
say miscellaneous uber lawsuits / fines and legal fees = $1 billion
insurance, logo, vehicle & doc inspections, background checks = 1 billion
they have 6700 employees, say each of them make 250k = $1.675billion

other expenses ? leather jackets?? sexual harassment seminars? = $$$4,000,000,000

Jackets are a must, private planes, retreats on private islands, giving money to politician's world wide, and hookers. A must buy because female engineers don't put out. There is no need for sensitivity training, we are good.

 

[Adieu]

I know they like to lose $3 billion dollars a year but how do they do it?! Do they have parties where they flush money down toilets or do they burn cash to stay warm during winter?

Disclaimer: all numbers were pulled out of my butt unless link is provided

Income:
Generated $5.5 billion revenue in 2016, funded $3.5 billion from saudi arabia (where women aren't allowed to drive.), + 1 billion debt financing from morgan stanley.

Expenses:
They lost $3 billion this means they spent a total of $8.5 billion

They hardly spend any money on support. The app upkeep and development is a legitimate expense, but still 1200 engineers is excessive for an app that took less than 40 to develop...

I know people will say it's referral & new signup bonuses, but if the 100 ride requirement average $15 = uber will get $2.30 booking fee + 25% of (15-2.30)= $3.18. So Uber will get approximately 100 x $5.48 = $548 to offset whatever the referral bonus is at that time. I'm still sure that they lose a lot of money getting new drivers.

So if Uber generated $5.5 Billion from their 25% cut this means Drivers gross total of fares was about $22 billion. If each driver generated $50,000 this means there were 440,000 drivers. (this is somewhat close to the 370,000 in 2015)

if EVERY SINGLE ONE of the 440,000 drivers received a $2,000 bonus this = $880 million
say miscellaneous uber lawsuits / fines and legal fees = $1 billion
insurance, logo, vehicle & doc inspections, background checks = 1 billion
they have 6700 employees, say each of them make 250k = $1.675billion

other expenses ? leather jackets?? sexual harassment seminars? = $$$4,000,000,000

ONLY two grand in bonuses on 50k????

I got like 5 grand in bonuses out of Lyft alone last year, according to their tax return form....and I only did it for ~7 months

*GOOD* weeks were 55% fares 45% bonuses

 

[Driverish]

The losing money you read is just optical ilusion, they make tons of money. Thry WRITE OFF even our miles

 

[Coaststarlight]

Pax only pay for less than half the ride and uber Swallows the loss for market share

Boost Zones happen out of pocket from uber

Stupid concepts: Robocars, Taxi Drones, and apparently Robot chauffeurs most recently, all forcefully being steamrolled into development with massive spending

Sign up bonuses, though probably not that big a deal compared to everything else

Scores of lawyers fighting local and federal government on what uber can and can't do- probably the biggest investment not highly publicized

And tons of throwing money at every problem and road block they run into, keeping secrets, buying out or paying off potential competition and patenting licenses, cover ups, bribing satan, funding the illuminati and other misc stuff ect

 

[Chrisdrhjh]

how does Travis bribe Satan? is he making hell on earth?

 

[Coaststarlight]

how does Travis bribe Satan? is he making hell on earth?

He's probably hoping he can get his soul back, or just needs another favor what with the whole recent sexual harassment thing going viral

 

[TwoFiddyMile]

Uber bypasses every law ever made in every country on Earth regarding transportation and fights it with giant anonymous bags of money.

 

[Just Another Uber Drive]

Selling dollars for dimes has never been profitable. Spending a fortune on driver recruitment and retention while allowing drunks to fire drivers isn't particularly bright either.