Annus Horriblis: Uber Has Had One Hell Of A Year

Posted on December 6, 2017

While attention is focused on SoftBank's moves to take a 13-15% stake in Uber, the deterioration of Uber's fundamentals is a warning its dominant position may already be slipping. Q3 17A revenues were $2.01billion, up 21% compared to $1.66 billion in Q2 17. However, net losses grew faster, with Q3 17A net losses at $1.46 billion, up 38% from the $1.06 billion it lost in Q2 17A. This represents a deterioration in net margins to a loss of 73% from a loss of 64% in Q2 17A.

Seeking Alpha article here

Related article: Uber Advisor Investor Sells Shares

Related Topics: investment, TNCs, Uber

Comments ( 2 )
  • Tate

     | about 3 years ago

    These tnc companies, Uber specifically, should be shut down under RICO laws. The evidence has been public for far too long that they knowingly direct(ed) their drivers,and employees, to violate the law. "The RICO Act focuses specifically on racketeering, and it allows the leaders of a syndicate to be tried for the crimes which they ordered others to do or assisted them in doing, closing a perceived loophole that allowed a person who instructed someone else to, for example, murder, to be exempt from the trial because they did not actually commit the crime personally.[1]"

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