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A comment on Uber Posts First Quarterly Net Profit of $394M.

Re:Uber Posts First Quarterly Net Profit of $394M by aquaphile on Tuesday August 01, 2023 @12:27PM (#36958258)
Despite operating for 14 years (1) and $51,488,000,000 of effective capital investment (2) Uber STILL loses money. The quarterly operating profit they reported is not GAAP net income.

(1) Founded in 2009 (2) $40,550,000,000 of paid-in capital and $10,938,000,000 of long-term debt, from 12/31/2022 balance sheet

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Re:Uber Posts First Quarterly Net Profit of $394M by s1artibartfast on Tuesday August 01, 2023 @09:32PM (#36965820)
where do you get 51B investment? I see 25B including the debt on CrunchBase?
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Re:Uber Posts First Quarterly Net Profit of $394M by aquaphile on Wednesday August 02, 2023 @02:40PM (#36975093)
Look at the balance sheet 10K and 10Q filings. Additional Paid-In Capital is basically all the accumulated equity investment. Add in the current long-term debt. That gives you an approximate number for the investment capital to date (though it doesn't include any long-term debt that was repaid).
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