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Sussex
PostPosted: Tue Jan 10, 2023 8:30 pm 
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wannabeeahack wrote:
Sussex wrote:
And yes the CEO/execs get paid fortunes. :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:


Question

Where do the wages come from with such losses?

Money left over from the IPO.

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Sussex
PostPosted: Tue Jan 10, 2023 8:40 pm 
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wannabeeahack wrote:
Financial Highlights for Fourth Quarter 2021

Gross Bookings grew 51% year-over-year (“YoY”) to $25.9 billion, or 50% on a constant currency basis, with Mobility Gross Bookings of $11.3 billion (+67% YoY) and Delivery Gross Bookings of $13.4 billion (+34% YoY). Trips during the quarter grew 23% YoY to 1.77 billion, or approximately 19 million trips per day on average.
Revenue grew 83% YoY to $5.8 billion, or 82% on a constant currency basis.
https://investor.uber.com/news-events/n ... Year-2021/

And all those numbers led to a fourth quarter profit of $892 million. Which should have had investors jumping for joy.

However that profit was helped by a $1.4 billion revaluation of outside investments.

So in effect, it was a half a billion dollar loss despite those fabulous numbers quoted above. #-o

But it doesn't end there.

That $1.4 billion revaluation profit has been revalued this year and is now a $7.8 billion loss. #-o #-o #-o #-o #-o

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wannabeeahack
PostPosted: Fri Jan 13, 2023 7:48 pm 
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I need Ubers accountants

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Sussex
PostPosted: Fri Jan 13, 2023 8:29 pm 
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wannabeeahack wrote:
I need Ubers accountants

Soon to be found in San Quentin. 8-[

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wannabeeahack
PostPosted: Fri Jan 13, 2023 10:56 pm 
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Sussex wrote:
wannabeeahack wrote:
I need Ubers accountants

Soon to be found in San Quentin. 8-[


Maldives more like

Your just jealous

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wannabeeahack
PostPosted: Sat Jan 21, 2023 12:50 pm 
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Uber is a global business not many on here can begin to understand that

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Sussex
PostPosted: Sat Jan 21, 2023 7:54 pm 
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wannabeeahack wrote:
Uber is a global business not many on here can begin to understand that

So are prostitution and drug smuggling.

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wannabeeahack
PostPosted: Sat Jan 21, 2023 10:06 pm 
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Sussex wrote:
wannabeeahack wrote:
Uber is a global business not many on here can begin to understand that

So are prostitution and drug smuggling.


You dont understand those either?

well, the first is people paying for a ride...ooops, like a taxi!

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Sussex
PostPosted: Sun Jan 22, 2023 6:23 pm 
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Will Uber still be here in 10 years' time? Of course.

But it will not be owned by its' current set of shareholders, more likely owned by banks.

The current shareholders will get 1-5p in the pound.

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wannabeeahack
PostPosted: Wed Jan 25, 2023 11:07 pm 
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Sussex wrote:
Will Uber still be here in 10 years' time? Of course.

But it will not be owned by its' current set of shareholders, more likely owned by banks.

The current shareholders will get 1-5p in the pound.


the Chunnel and M6 Toll are the same, then theres HS2...

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Sussex
PostPosted: Thu Jan 26, 2023 9:51 pm 
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Current share price is exactly $30.00.

Little bit up from last year, but still down about 30% since IPO.

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Sussex
PostPosted: Fri Feb 24, 2023 8:56 pm 
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Despite mugging off the financial press, will more tales of a highly profitable future, Uber is currently $33.40.

Which is 5% down on the year, and 20% down since IPO.

And to be fair they only lost $9.1 billion last year. :-k

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edders23
PostPosted: Sat Feb 25, 2023 7:58 pm 
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Sussex wrote:
Despite mugging off the financial press, will more tales of a highly profitable future, Uber is currently $33.40.

Which is 5% down on the year, and 20% down since IPO.

And to be fair they only lost $9.1 billion last year. :-k



so getting ever more closer to their IPO valuation :wink:

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Sussex
PostPosted: Sat Feb 25, 2023 9:23 pm 
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Quote:
so getting ever more closer to their IPO valuation :wink:

For the first 6 months of 2021 they surpassed it, but it soon crashed back down.

It's currently valued at about $16 billion less than its IPO.

Add that to the current losses since it was born of $33.6 billion, means that those mugs from Silicon Valley are nearly $50 billion down.

No wonder they can't pay their VAT in full.

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Sussex
PostPosted: Mon Feb 27, 2023 8:55 pm 
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Clinical dissection of Uber's latest numbers by Hubert Horan, who has spent the last few years informing the world what a crock of poo Uber really are.

https://www.nakedcapitalism.com/2023/02 ... enced.html

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