QUOTE(Imp Bron @ Jan 22 2020, 11:35 PM)
They still making losses la
https://www.google.com/amp/s/www.cnbc.com/a...itable-ceo.htmlAnthony tan said will go public once profitable. 12 month from Nov 2019. Which mean Nov 2020 will finally start profitable
Tho like Uber/Lyft and all rideshare every year taichi this xx year will be profitable but end up every year still making billions of losses
Uber make loses because they invest billions in R&D. Doubt Grab is that willing to spend on R&D.
https://www.businessinsider.my/where-uber-s...19-8/?r=US&IR=TResearch and development was Uber’s biggest operating expense on its income statement. But much of that expense – $2.6 billion of the $3.1 billion total – came in the form of stock-based compensation, and that figure ballooned because of IPO-related vesting of certain restricted shares.
Still, Uber is investing heavily in R&D. Between its
Advanced Technologies Group, which is developing self-driving cars in Pittsburgh, Toronto, and San Francisco;
New Mobility, which is launching new e-bikes and adding public-transit options to Uber’s app;
Elevate, the unit dedicated to making flying taxis a reality; and improvements to its core ride-hailing business’ dispatching, routing, and fare algorithms; there’s plenty to spend money on.
QUOTE(Teddysaur @ Jan 22 2020, 04:31 PM)
Then why no drivers around?
That should be a clear indicator that the company is dying.
This just means more customer than driver. Sounds like good business to me.
This post has been edited by askingquestion: Jan 23 2020, 09:58 AM