@ickplant@lemmy.world to Lemmy Shitpost@lemmy.world • 27 days ago1994 white Kevinlemmy.worldimagemessage-square107fedilinkarrow-up11.44K
arrow-up11.44Kimage1994 white Kevinlemmy.world@ickplant@lemmy.world to Lemmy Shitpost@lemmy.world • 27 days agomessage-square107fedilink
minus-square@ickplant@lemmy.worldOPlinkfedilink31•26 days ago“In 2023, Uber reported its first annual profit since going public in 2019, with a net income of $1.9 billion. This follows a period of consistent losses for the company.”
minus-square@ryedaft@sh.itjust.workslinkfedilinkEnglish21•edit-226 days agoNever has been Earth astronauts gun meme No, but fr Uber is a masterclass in creative accounting and strategic acquisitions for further creative accounting.
minus-square@funkless_eck@sh.itjust.workslinkfedilink15•26 days agounlike other comments, I’d argue, like most tech, it was incredibly profitable for anyone except the people funding it. Business is not about extracting money from goods and services, it’s about tricking VC funders to give you 50 million dollars a year
minus-square@Blackmist@feddit.uklinkfedilinkEnglish14•26 days agoTheir whole business model is “wait for self driving and then $$$” as they’ll no longer have to pay anybody.
Is uber not profitable?
“In 2023, Uber reported its first annual profit since going public in 2019, with a net income of $1.9 billion. This follows a period of consistent losses for the company.”
Never has been Earth astronauts gun meme
No, but fr Uber is a masterclass in creative accounting and strategic acquisitions for further creative accounting.
unlike other comments, I’d argue, like most tech, it was incredibly profitable for anyone except the people funding it.
Business is not about extracting money from goods and services, it’s about tricking VC funders to give you 50 million dollars a year
Their whole business model is “wait for self driving and then $$$” as they’ll no longer have to pay anybody.