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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by aresant on Thursday August 08, 2019 @04:46PM (#20648539)
To qualify your comment:

The line item in Uber's results you want to look at here is "Excess Driver Incentives" which covers:

"Cumulative payments to a Driver could exceed cumulative revenue from a Driver as a result of Driver incentives or when the amount paid to a Driver for a Trip exceeds the fare charged to the consumer."

What's really interesting here is that year over year this number went down substantially ($21m total) for their "Ridesharing" eg their core platform is subsidizing substantially fewer rides today as a percentage of overall revenue than it was a year ago.

But that total "Excess Driver Incentives" line item exploded upwards from $221,000,000 to $544,000,000 for just their uber eats platform!

That means that your rides were somewhat subsidized and getting better, but your hamburger's ride was subsidized to the tune of a half billion dollars :)

And further qualifying this the Uber Eats business unit doubled in revenue but the incentives grew at an even faster rate.

https://investor.uber.com/news-events/news/press-release-det...

Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by nugget on Thursday August 08, 2019 @09:58PM (#20650717)
One of the big outstanding macro questions is how these businesses perform in a recession. If (or when) an inevitable contraction occurs, how quick are millennials to trade a daily uber eats habit for weekly groceries and meal prep at home.
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by malandrew on Thursday August 08, 2019 @11:35PM (#20651139)
This industry has already been exposed to a recession. You just need to let your mind think beyond US borders.
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by quotemstr on Friday August 09, 2019 @12:35AM (#20651366)
Details?
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by malandrew on Friday August 09, 2019 @01:20AM (#20651526)
Brazil
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by piva00 on Friday August 09, 2019 @07:48AM (#20653413)
Not really relevant as Uber's main market and revenue center is definitely not Brazil...
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by malandrew on Friday August 09, 2019 @01:52PM (#20656732)
The important thing is what impact that recession has on the business model. Is the business model counter-cyclical or at least recession resistant? Not all business models perform the same in a recession.
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by chris123 on Saturday August 10, 2019 @03:10AM (#20660647)
During a recession: On the demand side, people cut back on spending (on Ubers, for example). On the supply side, some laid-off workers will turn to the gig economy.
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by Jommi on Monday August 19, 2019 @08:17AM (#20737055)
This is what people just do not seem to get.