News for hackers. Stuff that matters.

A comment on Uber Founder Travis Kalanick Resigns as C.E.O.. Parent comment

Re:Uber Founder Travis Kalanick Resigns as C.E.O. by fragmede on Wednesday June 21, 2017 @03:25AM (#14601635)
Keep in mind that if their leaked financials are to be believed, they made $6.5 billion in net revenue for 2016. Unfortunately total costs exceed revenue, so they are far from profitable, but that's not exactly chump change.
[ Parent | on HN ]
Re:Uber Founder Travis Kalanick Resigns as C.E.O. by namdnay on Wednesday June 21, 2017 @04:51AM (#14602061)
What are they counting in net revenue? As they bill themselves as a brokerage service (to avoid those pesky employment laws...), I would imagine they only count their commission in net revenue? 6.5 billion is pretty impressive then!
[ Parent | on HN ]
Re:Uber Founder Travis Kalanick Resigns as C.E.O. by georgespencer on Wednesday June 21, 2017 @05:33AM (#14602303)
They included all of the revenue (i.e. gross revenue) from Uber Pool in that figure.
[ Parent | on HN ]