Re:Uber opens at $42 per share
by asdff on Friday May 10, 2019 @03:33PM
(#19881442)
Uber isn't rolling profit back into the company like Amazon or others do, they are literally loosing money on every ride. There's no profit to hide from the taxman.
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Re:Uber opens at $42 per share
by TazeTSchnitzel on Friday May 10, 2019 @08:04PM
(#19883449)
Right. Amazon is and has been accumulating a massive vertically-integrated empire of physical infrastructure they actually own or lease.
Uber is accumulating… uh. Microservices? Negative goodwill?
Re:Uber opens at $42 per share
by mattmanser on Saturday May 11, 2019 @03:06AM
(#19884995)
Markets, it's acquiring markets. I'm no Uber fan, but come on, they're moving into more and more cities world-wide, often without competition save the local taxi firms.
Re:Uber opens at $42 per share
by TazeTSchnitzel on Saturday May 11, 2019 @04:37AM
(#19885237)
It's achieving temporary local marketshare subsidised by massive losses. The moment Uber charges prices it can actually profit from, its “markets” will vanish.
Except it's not acquiring them so much as renting them, paying each month for the privilege to hold on to the marketshare necessary to also lose money in the next month.
Re:Uber opens at $42 per share
by discreteevent on Saturday May 11, 2019 @06:19AM
(#19885484)
Amazon buys a warehouse and then shortly after turns a profit on it which they use to buy another warehouse. Uber buys users and then shortly after borrows more money to buy other users.
> Uber isn't rolling profit back into the company like Amazon
They kind of are. It’s just a matter of timing. They are rolling future profits, bankrolled by VC.