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(KTLA Los Angeles)   Depends: Do you mean "profitable" enough to pay taxes and living wages? Ha ha ha... No. But good enough to scam investors? Hell's to the yes   (ktla.com) divider line
19
    More: Obvious, New York Stock Exchange, New York, Stock exchange, Business, Trade, Finance, Uber's ride-hailing service, Company  
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1019 clicks; posted to Business » on 08 Feb 2023 at 6:38 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



19 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
bostonguy [TotalFark]
2023-02-08 3:33:55 PM  
Uber doesn't expect its own operations to be making money until later this year.

HAHAHAHHAHAHAH. Yeah, right.

How often have they said something like this?

The era of "profits don't matter" could only have occurred during the 20-year span when money was cheap because interest rates were near zero.
 
dyhchong
2023-02-08 6:45:46 PM  
The company reported $595 million in quarterly profit, but that's apparently due entirely to Uber's investments in other businesses.

AKA Uber has a second job because Uber isn't enough to pay the bills
 
natazha [BareFark]
2023-02-08 6:59:04 PM  
If they can't make a profit when the drivers are absorbing most of the expenses, how do they think they'll be able to do so with self-driving vehicles? Get investors to buy the vehicles and "share" the profits?
 
Bith Set Me Up
2023-02-08 7:00:08 PM  
Why Is Everything Turning Into Uber?
Youtube 0wX_NLZyqCo
 
Karma Chameleon
2023-02-08 7:05:37 PM  
Uber's a great second job. I'm not getting farked enough on pay and vehicle upkeep at my first job.
 
Spermbot
2023-02-08 7:11:56 PM  

natazha: If they can't make a profit when the drivers are absorbing most of the expenses, how do they think they'll be able to do so with self-driving vehicles? Get investors to buy the vehicles and "share" the profits?


STOP GIVING THEM IDEAS.
 
AmbassadorBooze
2023-02-08 8:09:59 PM  
Have the government shut down Uber.

Problem solved.

"But booze!  How will I get a car to pick me up?". Don't care.  I have NEVER used and Uber and I am alive.  Therefore it is possible to be alive and not use Uber.
 
dyhchong
2023-02-08 8:12:45 PM  

AmbassadorBooze: Have the government shut down Uber.

Problem solved.

"But booze!  How will I get a car to pick me up?". Don't care.  I have NEVER used and Uber and I am alive.  Therefore it is possible to be alive and not use Uber.


But have you ever really lived?
 
Rapmaster2000 [TotalFark]
2023-02-08 8:13:09 PM  

natazha: If they can't make a profit when the drivers are absorbing most of the expenses, how do they think they'll be able to do so with self-driving vehicles? Get investors to buy the vehicles and "share" the profits?


That was never a real plan. It was A Story For The Investors.
 
mistahtom
2023-02-08 8:14:08 PM  

Bith Set Me Up: [YouTube video: Why Is Everything Turning Into Uber?]


Mr. Shadow from The 5th Element represented corporate stakeholders.
 
AmbassadorBooze
2023-02-08 8:16:53 PM  

dyhchong: AmbassadorBooze: Have the government shut down Uber.

Problem solved.

"But booze!  How will I get a car to pick me up?". Don't care.  I have NEVER used and Uber and I am alive.  Therefore it is possible to be alive and not use Uber.

But have you ever really lived?


I saw a boob once.  In real life.
 
Turbo Cojones
2023-02-08 8:30:34 PM  
$8b revenue on 2 B rides?

Sounds legit!
 
Twilight Farkle [TotalFark] [OhFark]
2023-02-08 8:30:49 PM  

Bith Set Me Up: [Youtube-video https://www.youtube.com/embed/0wX_NLZyqCo]


Enshiattification is part of the cycle of startups / VC dollars / exit via IPO / shareholders-become-bagholders

https://pluralistic.net/2023/01/21/potemkin-ai/#hey-guys
 
dyhchong
2023-02-08 9:00:46 PM  

AmbassadorBooze: dyhchong: AmbassadorBooze: Have the government shut down Uber.

Problem solved.

"But booze!  How will I get a car to pick me up?". Don't care.  I have NEVER used and Uber and I am alive.  Therefore it is possible to be alive and not use Uber.

But have you ever really lived?

I saw a boob once.  In real life.


static.wikia.nocookie.netView Full Size
 
Another Government Employee
2023-02-08 10:07:10 PM  
Wages? That's socialism. We don't provide a legal contract for our mules.
 
IAmRight [TotalFark]
2023-02-08 10:34:14 PM  
Idk but it's $52 for me to get a ride to the airport tomorrow.

It's $49 for me to park at the airport for a week. Uber ain't the solution to many problems anymore.
 
The_Homeless_Guy
2023-02-08 11:27:21 PM  

Spermbot: natazha: If they can't make a profit when the drivers are absorbing most of the expenses, how do they think they'll be able to do so with self-driving vehicles? Get investors to buy the vehicles and "share" the profits?

STOP GIVING THEM IDEAS.


Tesla already proposed such.
 
dericwater
2023-02-09 1:59:47 AM  
I'm already using Cruise AVs for uber-like rides. It's about $1.70/mile. However, it only goes within the San Francisco city boundary. So I can't get a ride to SFO or even to Daly City. And no freeway travel (which is fine, SF is a small city, I won't be anywhere close to a freeway for where I'd be using Cruise.
 
scotchcrotch
2023-02-09 6:28:41 AM  

IAmRight: Idk but it's $52 for me to get a ride to the airport tomorrow.

It's $49 for me to park at the airport for a week. Uber ain't the solution to many problems anymore.


Not including gas and wear and tear
 
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