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5,001 Posts
uber lost 3 billion in 2016
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I've a few contradictory reports on this. Bit confused as to what the actual breakdown was.?
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I don't think I makes any difference to uber and it's investors as to how much they loose,because they have a very high revenue coming in and it's a long term investment,when they have the whole market covered they will make massive profits,look at Amazon
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4,857 Posts
Only a matter of time. 3 billion plus the employment laws, the vat case, and a thousand other court cases pending.
Doesn't matter how rich a company is they can't sustain that level of loss.
All it will take is one investor to pull out and timberrrrrrrrr it will crash and burn spectacularly. I predict 2018.
Amazons losses were due to building infrastructure and logistics. They still had the money in property and stock.
Uber doesn't have those expenses. Uber's losses are real. Subsidizing every ride by over 59%.
Literally money down the drain.
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They lost $2.5 billion in the first six months- the figure has got to be higher than that.
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Oh yeah. Someone got rich.
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That's only what they show the taxman
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So..they lost 3billon so what? There worth 50 billion.lol Whats the Ldta worth ? A couple million if that. who's more sucessful? What a stupid article once again from the nut jobs in dust carts tx4. Goodnight!
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4,857 Posts
Another stupid comparison. If the LTDA went bust tomorrow the taxi trade would carry on as usual. If uber goes **** up its all over for you lot.
As for uber being worth 50 billion, thats only on paper, and if this lot kicks off, they will find that 50 billion vanishes very very quickly.
https://danielcompton.net/2017/03/14/uber-bombshell
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