Gross Operational Revenue: $20 billion.
Company Revenue: $ 6.5 billion
Loss: $2.8 billion
Market value: $68 billion
Uber has been rocked by a number of setbacks lately, including detailed accusations of sexual harassment from a former female employee and a video showing Chief Executive Travis Kalanick harshly berating an Uber driver.
The company is in the process of hiring a chief operating officer to help Kalanick manage the company, repair its tarnished image and improve its culture. (Reporting by Sangameswaran S in Bengaluru; Editing by Bill Rigby)
While Uber’s revenue growth is at least outpacing its losses, the red ink is still staggering. If it were a public company, Uber would have ranked among the 10 biggest money losing companies, MarketWatch reported Friday. And the revenue total of $6.5 billion is suspect, as it includes full fares from the company’s UberPool service, a ride-pooling service, instead of separating out the driver’s take.
In total, these carefully selected and crafted numbers don’t tell the full Uber story, and could be a smokescreen to distract from all the negative press Uber has faced of late, which has also included a boycott protest and a high-profile legal fight with Waymo, Alphabet Inc.’s GOOG, self-driving unit. The picture we do get from the numbers would struggle to command the going rate for Uber, which some were doubtful of already.
Edit: Some Easter photos;
|Gordy says; "You weren't thinking of planting this catnip were you?"|
|Behind the weeds on the rock wall.|
|Middle hillside weed reveal.|