💾 Archived View for dioskouroi.xyz › thread › 25011258 captured on 2020-11-07 at 00:50:19. Gemini links have been rewritten to link to archived content
-=-=-=-=-=-=-
________________________________________________________________________________
'...the rebound is a validation of Uber’s decision to go public, even though it continues to set large losses. In the third quarter, the company had a loss of $1.09 billion, which was narrower than the $1.16 billion it lost in the same quarter last year.
In the middle of a pandemic, the company has been propped up by delivery and its Uber Eats business, as its main business—ride-hailing—remains weak. '
The valuation makes little sense in the pandemic - their food delivery is weak, they email-offered me $30 towards a meal, a huge loss over all their open accounts if consumed.
Taxi service is way down. Too big to fail?