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· Premium Member
4,025 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....


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.

· Premium Member
2,219 Posts
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..

· Registered
76 Posts
Discussion Starter · #6 · (Edited)
LOL i hope it sinks below $40 bucks for the first day..... Greedy LUBER......Hope investors take a bath.....

Market Summary > Uber Technologies Inc

42.04 USD −2.96 (6.58%)
May 10, 3:35 PM EDT · Disclaimer
1 day
5 days
1 month
6 months
1 year
5 years
44.51 USD ‎12:50 PM

10:00 AM12:00 PM1:00 PM2:00 PM3:00 PM4:00 PM
Mkt cap-
P/E ratio-
Div yield-
Prev close45.00
52-wk high45.00

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.....

· Premium Member
11,658 Posts
The best thing to do with uber stock is to short sale it and make a killing in a few months
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!
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