News for hackers. Stuff that matters.

A comment on Uber proposes policy that would pay drivers a minimum wage of $21 per hour. Parent comment

Re:Uber proposes policy that would pay drivers a minimum wag... by amelius on Thursday August 29, 2019 @02:19PM (#20832183)
Don't forget that Uber is operating at a huge loss. (And it seems they can't even get rid of the competition that way.)

These are good times for the consumer, but of course the situation won't be this way forever.

[ Parent | on HN ]
Re:Uber proposes policy that would pay drivers a minimum wag... by BiasRegularizer on Thursday August 29, 2019 @03:11PM (#20832619)
Not necessarily true. Uber the company maybe operating at a loss but rides are not operating at a loss AFAIK. Kind of like Amazon in its earlier days, where they reinvested their revenue in growth.
[ Parent | on HN ]
Re:Uber proposes policy that would pay drivers a minimum wag... by amelius on Thursday August 29, 2019 @05:12PM (#20833723)
Could be true, but I wouldn't be surprised if it's a clever accounting trick.
[ Parent | on HN ]
Re:Uber proposes policy that would pay drivers a minimum wag... by GhettoMaestro on Friday August 30, 2019 @12:57AM (#20836063)
There are no real magical accounting tricks. At the end of the day (quarter) you will be forced to account for your cashflow. Cashflow always gives the at the moment reality of the company. Before folks reply - Amazon doesn't count. Amazon is an enigma.
[ Parent | on HN ]