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A comment on New Uber CEO Says Company Could Go Public in 18 Months.

Re:New Uber CEO Says Company Could Go Public in 18 Months by Bretts89 on Wednesday August 30, 2017 @03:40PM (#15135264)
It's about time their investors get a massive liquidity event. I tend to think the lack of an near term exit strategy was one of many reasons Travis got the boot.
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Re:New Uber CEO Says Company Could Go Public in 18 Months by tyingq on Wednesday August 30, 2017 @03:44PM (#15135300)
18 months isn't much time to present financials that would support a high IPO price though, is it?

I assume the current financials still show pretty big losses due to the subsidized pricing.

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Re:New Uber CEO Says Company Could Go Public in 18 Months by kingnothing on Wednesday August 30, 2017 @04:12PM (#15135572)
https://www.axios.com/exclusive-uber-financials-2475912645.h...
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Re:New Uber CEO Says Company Could Go Public in 18 Months by tyingq on Wednesday August 30, 2017 @04:21PM (#15135649)
Right, so rosy language, but still $500 to $600 million of loss per quarter, presumably from subsidies. I guess you have to believe either in self driving cars happening somewhat soon, or cutting subsidies doesn't cut demand too much.
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Re:New Uber CEO Says Company Could Go Public in 18 Months by kingnothing on Wednesday August 30, 2017 @05:02PM (#15135987)
From the article: "Uber's global ride-share business was margin positive last quarter"
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Re:New Uber CEO Says Company Could Go Public in 18 Months by tyingq on Wednesday August 30, 2017 @05:30PM (#15136216)
Also from the article: "Adjusted net loss fell almost 9% quarter-over-quarter to $645 million"

So they probably mean gross margin. They did reduce the losses as a qoq comparison. But, it's still $645M lost in a quarter.

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