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76 Posts
$45 dollars a share and an 8 billion dollar deficit. Get ready to say goodbye to drivers....Luber is fascinating... Good article...No more cheap rides...LMFAO....
To get to profitability, ride-hailing companies will have to get rid of drivers or raise prices, and they are likely to do both
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4,025 Posts
Bullshit.
Uber loses money because they're idiots. Period.
If you sell a product for $100 (in this case, a ride), and your cost is $50 (average payout to driver), that leaves $50 to pay for the costs YOU incur.
Let's say the imputed cost of insurance for the ride is $5. The amortized cost of the app and engineers is probably 5 cents. And the cost of support is less than a penny obviously. That means Uber works on a 45% margin - great for any business.
They lose money because they're idiots. Plain and simple. And the flying cars don't help.
I remember somewhere it was said the cost of insurance for LYft is $3 a ride, supposedly from the prospectus I remember ...
these companies lose money because their constantly investing in new tech without first generating a profit and yeah ride costs are too low in many cases with all the rider promos and giveaways..
these companies lose money because their constantly investing in new tech without first generating a profit and yeah ride costs are too low in many cases with all the rider promos and giveaways..
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76 Posts
These millionaires sure do look happy dont they..Luber onnnn....
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2,192 Posts
Joined
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76 Posts
LOL i hope it sinks below $40 bucks for the first day..... Greedy LUBER......Hope investors take a bath.....
Market Summary > Uber Technologies Inc
FollowFollowing
NYSE: UBER
42.04 USD −2.96 (6.58%)
May 10, 3:35 PM EDT · Disclaimer
1 day
5 days
1 month
6 months
YTD
1 year
5 years
Max
44.51 USD 12:50 PM
42434445Previous
close
45.00
10:00 AM12:00 PM1:00 PM2:00 PM3:00 PM4:00 PM
41.55 USD −3.45 (7.67%)
Closed: May 10, 4:00 PM EDT · Disclaimer
After hours 41.47 −0.080 (0.19%)
Down almost 8 percent loser stock and they wanted the drivers to invest...Hope it burns to the ground.....
Market Summary > Uber Technologies Inc
FollowFollowing
NYSE: UBER
42.04 USD −2.96 (6.58%)
May 10, 3:35 PM EDT · Disclaimer
1 day
5 days
1 month
6 months
YTD
1 year
5 years
Max
44.51 USD 12:50 PM
42434445Previous
close
45.00
10:00 AM12:00 PM1:00 PM2:00 PM3:00 PM4:00 PM
| Open | 42.00 |
| High | 45.00 |
| Low | 41.06 |
| Mkt cap | - |
| P/E ratio | - |
| Div yield | - |
| Prev close | 45.00 |
| 52-wk high | 45.00 |
41.55 USD −3.45 (7.67%)
Closed: May 10, 4:00 PM EDT · Disclaimer
After hours 41.47 −0.080 (0.19%)
Down almost 8 percent loser stock and they wanted the drivers to invest...Hope it burns to the ground.....
Joined
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177 Posts
The best thing to do with uber stock is to short sale it and make a killing in a few months
Joined
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11,658 Posts
lol. I guess you short a lot, right?
I have a little challenge for you:
- On Monday, short 10 shares of Uber.
- Within 180 days, come back and tell us how that worked out for you.
- That's six months -- more than "a few months" for you to "make a killing" -- plenty of time for you to show us what you got!
Joined
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76 Posts
LMFAO.... Oh welll how does it feel luber,,, the begging of t
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