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Uber Is Losing Money...Again...

发布时间 2022-06-17 19:00:10    来源

摘要

Uber is losing money again. While Uber is by far the most popular ride-hailing service in the entire world, they just can’t seem to turn over a profit. In fact, they haven’t even had a single 12-month period of profitability since they went public. They did post two profitable quarters last year, but almost all of this progress has been negated by their atrocious performance in the first quarter of 2022. Uber last nearly $6 billion last quarter to due to their investments getting obliterated. Combine this with the cutthroat taxi industry, their failed self-driving efforts, and the drama that came with Travis Kalanick and it’s not surprising that Uber is yet to be profitable. However, it’s not all bad news. Uber is pulling in record revenue and gross profit meaning that they just have lean down the business to finally achieve profitability. Analysts are actually pretty optimistic about Uber’s short-term future as it’s likely that Uber will start breaking even by the end of next year. However, even if Uber achieves profitability, they’ll still have to face the monumental threat that is Tesla. This video explains the shortfalls of Uber and why they have struggled to achieve profitability. Socials: https://www.instagram.com/hariharan.jayakumar/ Discord Community: https://discord.gg/SJUNWNt Timestamps: 0:00 - The State Of Uber 1:22 - Fighting Against Themselves 4:06 - Failed Self Driving 6:21 - Travis Kalanick 9:05 - Road To Profitability Thumbnail Credits: https://ubr.to/3NVO7Ih Resources: https://pastebin.com/yycUpXuQ

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