Uber Posts $5.2B Loss and Slowest Ever Growth Rate

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.

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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.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by quotemstr on Friday August 09, 2019 @12:35AM (#20651366)

Details?

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by malandrew on Friday August 09, 2019 @01:20AM (#20651526)

Brazil

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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...

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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.

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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.

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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.

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