Uber Posts $708M Loss as Finance Head Leaves

Re:Uber Posts $708M Loss as Finance Head Leaves by hn_throwaway_99 on Thursday June 01, 2017 @12:30AM (#14458000)

Perhaps I'm being dense, but I don't understand your math. If $3.4 billion represents the 30% Uber cut, then that means total gross bookings is about $11.3 billion. If they raise prices six percent, and have no loss of volume, then total gross bookings comes to about $12 billion.

However, wouldn't you still assume Uber only would get 30% of that extra $700 million in gross bookings? I.e. revenue would only be .3 x $12 billion, which is $3.6 billion, still leaving Uber 500 million short?

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Re:Uber Posts $708M Loss as Finance Head Leaves by odonnellryan on Thursday June 01, 2017 @12:56AM (#14458096)

No. What would prevent Uber from taking all 6% raising prices and giving drivers nothing extra?

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Re:Uber Posts $708M Loss as Finance Head Leaves by hn_throwaway_99 on Thursday June 01, 2017 @12:51PM (#14461987)

I think that's a pretty bad assumption. If that's the case, what's to stop Uber from just taking a bigger chunk now and giving drivers less without raising prices? "Market forces" is the obvious answer, and those forces aren't going away.

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Re:Uber Posts $708M Loss as Finance Head Leaves by sundvor on Thursday June 01, 2017 @01:11AM (#14458141)

Lyft.

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Re:Uber Posts $708M Loss as Finance Head Leaves by chrischen on Thursday June 01, 2017 @01:15AM (#14458156)

I would also add that drivers shouldn't be getting extra as right now drivers aren't the ones subsidizing the lower prices.

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