Uber lost more than $800 million in third quarter 2016

[YoFromOvaWest17]

Still don't see it unless you are just putting in a credit card number but I thought the app verifies identity and also sends out a pic. Eitherway this fraud is giving up their real phone number or face etc for identification. Unless you are telling me people are rolling around with burner phones just to use stolen cards for uber lol.

The life of a finnesser

 

[Reginald Noble]

Still don't see it unless you are just putting in a credit card number but I thought the app verifies identity and also sends out a pic. Eitherway this fraud is giving up their real phone number or face etc for identification. Unless you are telling me people are rolling around with burner phones just to use stolen cards for uber lol.

Man by the time this hits the news they already on to the next lick

They already got fake fingerprints probably hacked the Samsung pay already

 

[marcuz]

still in on their ipo

 

[froggle]

They pulled out of China a few months back. That had to hurt.

DiDi dropped the ether! Someone had posted a really good article on the whole uber/didi war.........Uber get gunned up and clapped quick

 

[froggle]

Rob should have taken notes

if this was the second post, you would prob have 200 daps.....rep incoming

 

[G.O.A.T Squad Spokesman]

Article makes no sense.

 

[lamont614]

Uber won't be around in 5 years time. Maybe even 2.
They seem to be a company with a business model that allows for massive losses of this amount...yet they still keep on going.
They won't.
Once their IPO goes public if it already has it will continue to lose steam and eventually will be devalued in terms of the company's worth.

Maybe..... now they are getting into the delivery service like amazon where they hire people to deliver packages in my area

 

[FSP]

Uber won't be around in 5 years time. Maybe even 2.
They seem to be a company with a business model that allows for massive losses of this amount...yet they still keep on going.
They won't.
Once their IPO goes public if it already has it will continue to lose steam and eventually will be devalued in terms of the company's worth.

Nah, once automated driving becomes a common thing people won't even need cars and ridesharing will become the dominant method of transportation.

Of course this is just one theory. I seriously see that being the case though.

 

[CashmereThoughts]

How did they lose money?

$8 uber pool rides anywhere in BK and all these other promotions their running that dont make short term financial sence

 

[Anerdyblackguy]

Uber is spending too much money on technology. Can't be a upstart company with a Google budget.

 

[Ms. Elaine]

Uber won't be around in 5 years time. Maybe even 2.
They seem to be a company with a business model that allows for massive losses of this amount...yet they still keep on going.
They won't.
Once their IPO goes public if it already has it will continue to lose steam and eventually will be devalued in terms of the company's worth.

And what will replace it?

I don't see this transportation model going away any time soon. I don't remember the last time I took a regular cab.

What they need the do though is get rid of their horny drivers who have no shame in hitting on you if you're allone and the a$$holes who try take take longer routes just because you're a chick.

Also close all the loopholes that allow users to free load.

 

[Ms. Elaine]

$8 uber pool rides anywhere in BK and all these other promotions their running that dont make short term financial sence

You might be on to something.

 

[CashmereThoughts]

I don't see this transportation model going away any time soon. I don't remember the last time I took a regular cab.

What they need the do though is get rid of their horny drivers who have no shame in hitting on you if you're allone and the a$$holes who try take take longer routes just because you're a chick.

Also close all the loopholes that allow users to free load.[/QUOTE]

 

[EndDomination]

Uber is involved in over 150 lawsuits, and is still dealing w/ the mass protests in Europe because White people will rally around stupid shyt, but not international crises.

 

[Doomsday]

Like someone else said, that money was lost in advertising.