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Re:WeWork parent pulls IPO following pushback: sources by OJFord on Tuesday September 17, 2019 @04:58AM (#20993065)
> My opinionated take is that if uber wants to pretend that drivers are not employees and it's just a marketplace then they shouldn't be booking the fare as revenue, just their cut but I'm not an accountant and I don't make the rules.

Good point, but Uber literally takes the money through its app, so I don't suppose that would be possible.

Re:WeWork parent pulls IPO following pushback: sources by everythingswan on Tuesday September 17, 2019 @05:22AM (#20993187)
Yea, classic case of low vs. high margin businesses. Travel is a great example. You would think sites like Expedia would make a healthy margin on airline tickets. Due to the way it's set up (booking systems, airlines, competition) the actual net per ticket is something like $5 for domestic flights. Last I checked Expedia specifically, most of their revenue was on hotels.

Contrast that with a high margin business like consulting services or a proprietary technology/product and there's a huge difference in net profit between the two at $10m annual revenue.

Re:WeWork parent pulls IPO following pushback: sources by sverige on Tuesday September 17, 2019 @08:35AM (#20994211)
Revenue is King, margin is Queen.
Re:WeWork parent pulls IPO following pushback: sources by twic on Tuesday September 17, 2019 @06:50AM (#20993552)
Does PayPal count money paid through its app as revenue?
Re:WeWork parent pulls IPO following pushback: sources by OJFord on Tuesday September 17, 2019 @08:15AM (#20994025)
Good point. I believe it (and similarly Amazon marketplace sales) uses nominee accounts.

I don't use Uber so I don't know if the payments are always to the same 'Uber Ltd' or not, but you're right that would seem to be a good option.

Re:WeWork parent pulls IPO following pushback: sources by dd36 on Tuesday September 17, 2019 @08:43AM (#20994289)
No. Neither does a bank. That’s, for lack of a better term, escrow.