stock market crash

[scooterscot]

Uber shares tumble as profit figures disappoint Wall Street

What profits?! They've never made any!! What a farce.

Uber's shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations.


Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss.


Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said that the competitive pressures are easing.


But that didn't stop Uber's share price tumbling 13% in after-hours trading.

[DimPrawn]

What profits?! They've never made any!! What a farce.

-$5,200,000,000 profit in the quarter. An impressive, if slightly negative profit.

[scooterscot]

-$5,200,000,000 profit in the quarter. An impressive, if slightly negative profit.

Where do you get your news from? Blind as bats times?

Uber lost over $5 billion in one quarter, but don’t worry, it gets worse

Uber just reported its second quarterly earnings ever as a public company, and hoo boy! That’s a lot of red ink! The ride-hailing giant reported losing a whopping $5.2 billion in the last three months. No, there isn’t dirt on your screen. That’s billion with a “b.”


Lyft, which reported its earnings on Wednesday, fared better but still posted a loss of $644 million during the quarter. The numbers for both companies look a lot better when adjusted for things like amortization of intangible assets and stock-based compensation for employees post-IPO. Excluding you exclude one-time stock-based compensation payments of $3.9 billion, Uber lost $1.3 billion. Tweaking those numbers more, like adjusting for so-called EBITDA (earnings before interest, tax, depreciation and amortization), and Uber lost $656 million, while Lyft lost $197 million.

[DimPrawn]

Where do you get your news from? Blind as bats times?

Uber lost over $5 billion in one quarter, but don’t worry, it gets worse

-5.2 bn profit? Maybe you should stick to being wrong about squiggly lines....

[scooterscot]

You take away the money they've ploughed into the business, they're firmly in the red. Profit loss not your strong point.

[ladymuck]

You take away the money they've ploughed into the business, they're firmly in the red. Profit loss not your strong point.

I think it was a joke....

[BR14]

I think it was a joke....

scoots had a senseofhumourectomy at an exclusive clinic in Munich in order to fit in better with his beloved adopted fatherland.

[AtW]

-$5,200,000,000 profit in the quarter. An impressive, if slightly negative profit.

Somebody profited from it

[scooterscot]

I think it was a joke....

I'm a slow winner.

[AtW]

I'm a slow winner.

CUK Village Idiot of Year 2019?