Hubert Horan: Can Uber Ever Deliver? Part Thirty-Two: Losses Top $33 Billion But Uber Has Avoided The Equity Collapse Most “Tech” Startups Experienced
An update on Uber financial fakery and continued lack of bona fide profits.
Read more...Category Archives: Uber
As Gig Economy Grows, Its Toll on Workers Mounts
Democrats help the gig economy expands its reach as it brings pain and suffering to more American workers.
Read more...#Musk + #Twitter, Liberal Democrat Aghastitude, and Social Capital on Social Media
Is Twitter really a hellscape of hate and bigotry? And what will happen to Twitter now that Musk has taken it over?
Read more...Australian State Government Bails Out Owners of Taxi Licenses After Uber Destroys Their Value
The NSW government allowed Uber’s illegal market entry and now makes consumers pay to bail out taxi license owners. Having paid to bail out taxi owners, the NSW taxi industry will nonetheless be completely deregulated.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders
Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.
Read more...Hubert Horan and Izabella Kaminska: Can Uber Ever Deliver? Part Thirty: The “Uber Files” Are Not the Uber Exposé You Are Looking For
The Uber Files showUber’s bad conduct was deliberate, but miss that its poor economics meant Uber engaged in a confidence trick on society.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...How Much More Cash Can Uber Burn?
Moar Uber wheel-spinning.
Read more...Uber Destroys More Value: Demolishes Bikes from Failed Rental Businesses Rather Than Donate Them
Uber behaves badly yet again.
Read more...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.
Read more...Uber Loses Another $1.2 Billion, Stock Dives Again
Uber manages to bleed even more cash.
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