> The Company gained nothing and remains a bagholder in its equity investments, including DiDi, Aurora, Grab Holdings Inc. (NASDAQ: GRAB), and Zomato stakes.
Uber is turning into a financial company like other transportation giants (Delta, AA). Maybe for the best, as I think everyone understands that self driving Uber is a pipedream.
Not a nail in the coffin, but it doesn’t exactly spark confidence in their own efforts.
Uber's self-driving dreams rest on a partnership with Waymo (and whoever else eventually produces a safe autonomous vehicle).
Notably, this quarters $221 million in profit was not driven by unrealized gains.
I've noticed this stuff occasionally over the years, and started collecting the evidence recently... it happens a lot more often than you'd think.
> The amount of effort the server devotes to your ordre is the same regardless of what the owner charges for your meal. So tip on the original, undiscounted price. And tip at least 20 percent.
Kind of funny, when it results in a higher tip I should consider the amount of effort.
I expect if I said I was only tipping $2 on a $100 bottle of wine at a restaurant because it isn’t any extra effort to grab an expensive bottle the poster might not agree.
https://www.reddit.com/r/uberdrivers/comments/xyk7cx/uber_st...
In general, never tip on ubereats.
Of course it does. Their drivers presumably want a certain level of total compensation, but they dont care who it comes from. The higher Uber is able to convince people to tip, the less they have to offer in wages to retain drivers.
> The higher Uber is able to convince people to tip, the less they have to offer in wages to retain drivers.
this is unfounded speculation.
your complaint reads like you want to fault uber for not scamming the drivers. as someone else pointed out, after years of saying that uber would never be profitable it makes sense that there's some moving the goalposts here.
If you want unfuckable metrics, look at cash flow. Uber's operations are cash-flow positive [1].
[1] https://s23.q4cdn.com/407969754/files/doc_earnings/2023/q3/e...
Shares aren’t cash. No need to double count.
The point (which was made somewhere by Unhedged in the FT (but I am failing at finding the article)) is that cash flow is somewhat deceptive for companies that compensate their employees with cash.
Yup...that's why the stock has done so well despite the insistence or chorus by the media since 2010 of how Uber is going to go bankrupt or burning cash. It's like Tesla in this regard--years of losses on capital expenditures--followed by huge and sudden profit as the initial capital outlay pays off massively.
Uber reported net income of $221 million on $9.29 billion in revenue in the third quarter, and in the past four quarters altogether it generated over $1 billion in profit.