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A comment on Ride-hailing apps have allowed more binging and increased demand for bartenders. Parent comment

Re:Ride-hailing apps have allowed more binging and increased... by bhupy on Wednesday November 20, 2019 @01:22PM (#21586722)
Was once a compelling theory, but in the last earnings (Q3 2019), Uber's ride hailing business was "adjusted EBITDA" profitable, with an increase in revenue growth. It's not hard to imagine them being GAAP profitable if they decide to sacrifice a little bit of revenue growth.
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Re:Ride-hailing apps have allowed more binging and increased... by disgruntledphd2 on Wednesday November 20, 2019 @03:07PM (#21587920)
EBITDA is nonsense disguised to hide costs.

If you need to adjust it to appear profitable, then you are not profitable.

(Yes, I am aware that there are valid use-cases for EBITDA, but in general it is used as a way to avoid accounting for actual costs).

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Re:Ride-hailing apps have allowed more binging and increased... by behringer on Wednesday November 20, 2019 @02:01PM (#21587206)
You can use fancy terms and fancy accounting to make it seem like Uber isn't subsidizing riders, but it doesn't change the facts.
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