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A comment on Uber and Lyft shutdown in California averted as judge grants emergency stay. Parent comment

Re:Uber and Lyft shutdown in California averted as judge gra... by ReaLNero on Thursday August 20, 2020 @04:26PM (#24228481)
California is about 5% of revenue for Uber.
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Re:Uber and Lyft shutdown in California averted as judge gra... by dcftoapv on Thursday August 20, 2020 @04:43PM (#24228704)
Maybe, but this law will prevent Uber from ever turning a profit in CA, so it's far easier to just shutdown operations, and move their headquarters.

I live here, pay taxes here, and vote here. I am actively rooting against the state right now.

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Re:Uber and Lyft shutdown in California averted as judge gra... by gamblor956 on Thursday August 20, 2020 @07:10PM (#24230083)
Ironically, according to their SEC filings, CA (and specifically SF/Bay Area and LA/OC) was one of Uber's few profitable markets, pre-COVID.
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Re:Uber and Lyft shutdown in California averted as judge gra... by dmode on Thursday August 20, 2020 @05:11PM (#24229028)
CA is 12% of Uber's revenue and 25% of Lyft's revenue
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Re:Uber and Lyft shutdown in California averted as judge gra... by lhorie on Thursday August 20, 2020 @05:28PM (#24229221)
Source? I've seen many different figures (including a very reliable source that stated it was in the single digits for Uber)
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Re:Uber and Lyft shutdown in California averted as judge gra... by dmode on Thursday August 20, 2020 @07:23PM (#24230198)
I was actually off. CA is 9% of Uber's ride share and 21% of Lyft's[1]. Which would likely translate to higher revenue share.

[1] https://www.sfchronicle.com/business/article/Uber-and-Lyft-r...

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Re:Uber and Lyft shutdown in California averted as judge gra... by tyrust on Thursday August 20, 2020 @05:51PM (#24229449)
You've asked for a source without linking your "very reliable source".
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Re:Uber and Lyft shutdown in California averted as judge gra... by lhorie on Thursday August 20, 2020 @06:00PM (#24229521)
Uber's CEO is my source
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Re:Uber and Lyft shutdown in California averted as judge gra... by gamblor956 on Thursday August 20, 2020 @07:11PM (#24230094)
Uber's CEO is referring to COVID-era percentages.

Pre-CVOID, according to their SEC filings, SF, LA, and NY were Uber's only profitable markets.

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Re:Uber and Lyft shutdown in California averted as judge gra... by lhorie on Thursday August 20, 2020 @07:19PM (#24230158)
Ah, then these numbers make sense. Thanks!
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Re:Uber and Lyft shutdown in California averted as judge gra... by tyrust on Thursday August 20, 2020 @07:23PM (#24230189)
Do you have a link? Or you had a personal conversation with them?
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