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A comment on Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares. Parent comment

Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares by andrewem on Thursday November 30, 2017 @02:20PM (#15818656)
Their revenues are in the billions per year, and so their investors would be looking for new revenues in the billions. The assumption that there's an untapped multi-billion dollar market for logistics software that they could quickly dominate - quickly enough to avoid running out of money - seems unwarranted.
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Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares by bwilliams18 on Thursday November 30, 2017 @03:31PM (#15819238)
There's an enormous opportunity in UberEATS if they can get the unit economics right. They could also retreat into already profitable markets .
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Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares by rtpg on Thursday November 30, 2017 @07:09PM (#15820856)
I've used UberEATS a couple times, but after figuring out that it's basically impossible for delivery people to make much real money off of it I feel really bad.

Not sure if the unit economics can ever work out.

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Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares by ProAm on Thursday November 30, 2017 @04:09PM (#15819551)
Revenues are in the billions, but profits are nil, and if it comes to bankruptcy vs pivot and earn a profit everyone will find it acceptable. Of course they'd want billions, they want an ROI from the unicorn, it might not be there in its current unicorn form.
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