Uber Is Losing Less Money, But They’re Nowhere Close to Going Public


Uber

Uber is having a bad 2017. Between mass boycotts, an embarrassing video of CEO Travis Kalanick being a jerk, and a lawsuit with Google, the ride-sharing company can’t seem to catch a break. Even if the company didn’t have to deal with bad press, there’s still the matter of their yearly billion-dollar losses.

Yet some good news might be on the horizon for the troubled tech startup. Earlier today, Uber announced that they were losing less money than before. This tidbit might signal a potential path to profitability and the inevitable initial public offering. It also proves that the company is far away from selling their stock on the public market.

Uber lost $708 million this quarter.

Many startups lose money on the way to profitability. In Uber’s case, their losses stem from rapidly expanding while figuring out how to become a profitable company. The loss of $708 million in a quarter when they made $3.4 billion in revenue (or 18% more compared to the previous quarter) means they’re still figuring out the kinks. These are expensive kinks to figure out, but compare this loss of $708 million to the previous quarter’s loss of $991 million. This $283 million difference might signal a turnaround in the company’s losses, along with smaller losses or potential gains to follow.

Uber is still kind of a mess.

Despite the decreased losses, the company is losing executives. Gautam Gupta, Uber’s head of finance, is the latest of several executives to flee the company since February. Gupta left on his own accord for another startup, something other top-level Uber execs are doing in droves due to the company’s notoriously bad culture. The loss of executives like Gupta and the recent firing of self-driving car engineer Anthony Levandowski proves something is wrong with Uber’s working environment and it needs to be improved rather quickly…or else.

Uber isn’t going public any time soon.

Uber desperately wants to become a publicly traded stock. If they were to launch an IPO now or any time this year, they would likely tank. The company has yet to turn a profit and yet to show they’re capable of turning a profit. Their self-driving car division will bring them closer to profitability, but those cars don’t really work and total automation is years away. They also need a well-working executive team to stick around and help run the company, and you know how well that’s going. Uber might launch a stock someday, but not any time soon.

Can I invest in Uber?

Uber isn’t a publicly traded company yet. They don’t have a stock listed on any market. Unless you’re a venture capitalist, you can’t actually invest in the company. If you really want to see the company succeed, your best bet right now is to keep using Uber.


99 Comments

  1. Pingback: lovoo ohne app
  2. Pingback: priligy drug
  3. Pingback: ivermectin usage
  4. Pingback: ivermectina mg
  5. Pingback: cost for vidalista
  6. Pingback: india ivermectin
  7. Pingback: Anonymous
  8. Pingback: Anonymous
  9. Pingback: Anonymous
  10. Pingback: ivermectin online
  11. Pingback: cost of ivermectin
  12. Pingback: ivermectin 4000
  13. Pingback: cialis dose
  14. Pingback: tadalafil online
  15. Pingback: ivermectin 0.5
  16. Pingback: cialis generic
  17. Pingback: canada drug cialis
  18. Pingback: covid19 pill
  19. Pingback: order ivermectin
  20. Pingback: cialis online
  21. Pingback: ivermectin wiki
  22. Pingback: stromectol nz
  23. Pingback: cialis price
  24. Pingback: ivermectin uk
  25. Pingback: ivermectin buy uk
  26. Pingback: cialis pills
  27. Pingback: ivermectin cena
  28. Pingback: lasix tablets uk
  29. Pingback: lasix 20mg
  30. Pingback: stromectol sales
  31. Pingback: lucky slots
  32. Pingback: stromectol prices
  33. Pingback: ivermectin 4
  34. Pingback: ivermectin 3mg tab
  35. Pingback: ivermectin iv
  36. Pingback: cialis reviews
  37. Pingback: ivermectin virus
  38. Pingback: 1scientifically

Comments are closed.