Category Archives: Uber

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Nine: Despite Massive Price Increases Uber Losses Top $31 Billion

Uber burns through yet more cash, but analysts and reporters fail to question its extremely misleading financials.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Eight: Uber Still Unprofitable, But Reduces Losses by Squeezing Drivers and Restaurants

The latest update: the financial media continues to parrot management falsehoods about Uber results and there is still no path to profit.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Seven: Despite Staggering Losses, the Uber Propaganda Train Keeps Rolling

How Uber keeps pumping hot air into a financially flaccid business.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Six: With No Hope of Real Profits, Uber and Lyft Double Down on Fake Profit Metrics

Uber continues to hemorrhage cash and rack up impressive negative operating margins, yet the press eats up its accounting misdirection.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Three: Uber’s Already Hopelessly Unprofitable Economics Take A Major Coronavirus Hit

The press is still refusing to depict Uber accurately, as a rotting corpse.

How Much More Cash Can Uber Burn?

Moar Uber wheel-spinning.

Uber Destroys More Value: Demolishes Bikes from Failed Rental Businesses Rather Than Donate Them

Uber behaves badly yet again.

Hubert Horan Discusses Uber on Harry Shearer’s Le Show

Hubert Horan eviscerates what passes for the Uber business model on Harry Shearer’s Le Show.

Uber Loses Another $1.2 Billion, Stock Dives Again

Uber manages to bleed even more cash.

Uber to Owe UK >£1 Billion in VAT if It Loses Appeal on Suit on Driver Status, Also Loses Liability Insurer

More bad news for Uber.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-One: Mike Isaac’s Book Ignores Economics and Financial Results and Gets the Uber Story Almost Entirely Wrong

Mike Isaac’s Super Pumped!, a new book on Uber, draws fundamentally false conclusions about the company.

Hubert Horan: Can Uber Ever Deliver? Part Twenty: Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?

A post-mortem of the Uber and Lyft IPOs.

We’ve Endured Years of Bragging From Trump—What Would an American Trade ‘Victory’ Look Like?

Will Trump declare a win if his trade representative fails to negotiate a viable long-term solution with Beijing?

Hubert Horan: Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable

Lyft’s prospectus doesn’t even pretend that the company might become profitable, let alone justify a $20-25 billion valuation.

Hubert Horan: Can Uber Ever Deliver? Part Seventeen: Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches

It is hard to see how Uber’s IPO story will hold up to scrutiny, particularly at a planned valuation of $120 billion.