Sunday, April 16, 2017

Uber Ugly

Why does this horror exist?

Gross Operational Revenue: $20 billion.
Company Revenue: $ 6.5 billion
Loss: $2.8 billion
Market value: $68 billion


Uber's revenue hits $6.5 billion in 2016, still makes large loss

...

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)
 

And this from MarketWatch
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. 

24 comments:

LBD said...

Do they go to accounting school or cooks school now days. Cooking the books seams very profitable for some one.

Elizabeth Merceret said...

One comment after all this time?!

Rob Dawg said...

Church, brunch, upcoming dinner, Mimosa, 25% coupon at Harbor Freight. Lots of excuses Liz.

Besides, Uber is such a mess people might be in too good a mood to dive into the issue I chose.

Rob Dawg said...

Be sure to look at the post. Pretty pictures and a drooling kitty.

Elizabeth Merceret said...

Yay kitty. My present kitty doesn't like catnip.

Cinco-X said...

Went to Chinatown fit Dim Sum. It was the wife's birthday plus it's Easter

Rob Dawg said...

Mmmmm. Dumplings. Spring rolls.

Thank god for the fruit plate. Hostess is pushing these huge slices of pie and we are hosting food two in 3 hours. Cue "The Oatmeal."

Cinco-X said...

Those weeds behind the wall like a bit like Chick and Hen...

Cinco-X said...

Ya... Blew my calorie budget big time...

Lawyerliz said...

House went up nearly 300$. Fun until it starts going down. Been working on a UU speech on the lead up to the Revolutionary war.

Rob Dawg said...

From now on I want you to see "ANTIFA" and think "Adopting Nazi Techniques Instead of First Amendment."

Mike said...

Happy Easter everyone..

we went for a long hike around the Seattle Arboretum today (some flowers out...but not in full bloom yet). Then lunch at Din Tai Fung (pork chops over fried rice...my favorite!!). Home now and need a power nap...lol

Lawyerliz said...

The aspari ate growing n like crazy at son's new home in Champagne. Will visit in late May or June. Yay

Lawyerliz said...

I wuz trying to be finny. Asparagus. . .asparagi. curse spellcheck.

Cinco-X said...

G'night all...

Cinco-X said...

Morning y'all

LBD said...

Good Morning!

Doctors day for check up and more frequent flyer miles on the cat scan machine!

Lawyerliz said...

Good morning. What's the latest?

Lawyerliz said...

Do the ever find any cats?

LBD said...

No and no cats are harmed in this operation. ;)

Lawyerliz said...

Wells Fargo s directors might get fired. Gosh.

Rob Dawg said...

I'm following the WFC fallout. No post yet as it seems kinda too well packaged.
anyway. New post. The Central Valley could turn into an inland ocean and make Bakersfield a port city.

Lawyerliz said...

That's exciting.

Encinitas Undercover said...

Transfer of wealth from stupid investors to consumers.

I love it!