Uber Technologies Delivers People and Packages But Not Profits

85
15
Favorite

Uber Technologies Delivers People and Packages But Not Profits

InvestorPlace2021-07-28

It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（15）

alxkohh
·2021-07-28
interesting
Reply
2
Report
Fold Replies
- koolgal:
  Nice??
  2021-09-09
  Reply
  Report
Darkolaf
·2021-07-28
Nice
Reply
Like
Report
SAM1003
·2021-07-28
Ok
Reply
1
Report
cheekychump
·2021-07-28
Tough Environment
Reply
1
Report
stephh
·2021-07-28
Nice.
Reply
2
Report
Raevynn
·2021-07-28
Latest[What]
Reply
Like
Report
abp
·2021-07-28
Pls like and comment
Reply
4
Report
Fold Replies
- stephh:
  Ok
  2021-07-28
  Reply
  Report
Grab
·2021-07-28
棒
Reply
1
Report
Jennifer58
·2021-07-28
omg
Reply
1
Report
Fold Replies
- Shyon:
  Yo
  2021-07-28
  Reply
  Report
Weilonglek
·2021-07-28
Okay
Reply
1
Report
Fold Replies
- Weilonglek:
  Okok
  2021-07-28
  Reply
  Report
zcml
·2021-07-28
Yes Pls help like
Reply
2
Report
Timevestor
·2021-07-28
Please like and comment.
Reply
2
Report
Fold Replies
- cxseah:
  Comment
  2021-07-28
  Reply
  Report
Jimmyboy
·2021-07-28
Please like and comment.
Reply
3
Report
Fold Replies
- Weilonglek:
  Ok
  2021-07-28
  Reply
  Report
YTRT
·2021-07-28
Thanks
Reply
2
Report
Soar0111
·2021-07-28
[Smile]
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1100196347?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-28 21:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1100196347","market":"us","top_or_hot":-1,"title":"Uber Technologies Delivers People and Packages But Not Profits","media":"InvestorPlace","content":"<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UBER","symbol_name":"优步","start_time":0,"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","article_id":"1100196347","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","pubTimestamp":1627477398,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UBER":"优步"},"translate_title":"优步技术提供人员和包裹，但不是利润","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":0.9},"content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":801328215,"gmtCreate":1627483731737,"gmtModify":1703490925847,"author":{"id":"3576200426347912","authorId":"3576200426347912","name":"alxkohh","avatar":"https://static.tigerbbs.com/5a97bae3edeb669509ce19fb3ba89cf8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3576200426347912","authorIdStr":"3576200426347912"},"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801328215","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5802159,"gmtCreate":1631158986781,"gmtModify":1663233598535,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.23","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":801328215,"type":1,"supId":0,"prevId":0,"content":"Nice??","text":"Nice??","html":"Nice??"}],"langContent":"EN"},{"id":801309977,"gmtCreate":1627481460799,"gmtModify":1703490834994,"author":{"id":"4088035226924840","authorId":"4088035226924840","name":"Darkolaf","avatar":"https://static.tigerbbs.com/960a3a77eb1db2f1ce60c46772860135","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088035226924840","authorIdStr":"4088035226924840"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801309977","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801975769,"gmtCreate":1627481335351,"gmtModify":1703490830243,"author":{"id":"4088781890346100","authorId":"4088781890346100","name":"SAM1003","avatar":"https://static.tigerbbs.com/30f3e945dc3dc78dfee12a8ea6159063","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":1,"crmLevelSwitch":1,"idStr":"4088781890346100","authorIdStr":"4088781890346100"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801975769","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801940818,"gmtCreate":1627480794034,"gmtModify":1703490806197,"author":{"id":"4090394775900830","authorId":"4090394775900830","name":"cheekychump","avatar":"https://static.tigerbbs.com/700f04fb627964f0ed78866f01a91401","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4090394775900830","authorIdStr":"4090394775900830"},"htmlText":"Tough Environment","listText":"Tough Environment","text":"Tough Environment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801940818","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801981877,"gmtCreate":1627479539799,"gmtModify":1703490752424,"author":{"id":"3575058137963235","authorId":"3575058137963235","name":"stephh","avatar":"https://static.tigerbbs.com/7e248aeda9d24c835ab13541550241cf","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"idStr":"3575058137963235","authorIdStr":"3575058137963235"},"htmlText":"Nice.&nbsp;","listText":"Nice.&nbsp;","text":"Nice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801981877","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801983311,"gmtCreate":1627479500633,"gmtModify":1703490751115,"author":{"id":"4090129444813610","authorId":"4090129444813610","name":"Raevynn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4090129444813610","authorIdStr":"4090129444813610"},"htmlText":"Latest[What]&nbsp;","listText":"Latest[What]&nbsp;","text":"Latest[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801983311","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801989136,"gmtCreate":1627479475425,"gmtModify":1703490749774,"author":{"id":"3581979721991802","authorId":"3581979721991802","name":"abp","avatar":"https://static.tigerbbs.com/f0c0424f61209387c56148e921c507f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581979721991802","authorIdStr":"3581979721991802"},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801989136","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5358788,"gmtCreate":1627479554544,"gmtModify":1663231625249,"authorId":3575058137963235,"author":{"id":3575058137963235,"idStr":"3575058137963235","authorId":3575058137963235,"name":"stephh","avatar":"https://static.tigerbbs.com/7e248aeda9d24c835ab13541550241cf","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":801989136,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":801919840,"gmtCreate":1627479105080,"gmtModify":1703490734988,"author":{"id":"3572825984493742","authorId":"3572825984493742","name":"Grab","avatar":"https://static.tigerbbs.com/6b171cf41dfa7c4298c6175c8d1c41b2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3572825984493742","authorIdStr":"3572825984493742"},"htmlText":"棒","listText":"棒","text":"棒","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801919840","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":801936202,"gmtCreate":1627478811506,"gmtModify":1703490725912,"author":{"id":"3577529300728738","authorId":"3577529300728738","name":"Jennifer58","avatar":"https://static.tigerbbs.com/9a014efda004b6cc112e5d7968adf52f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577529300728738","authorIdStr":"3577529300728738"},"htmlText":"omg","listText":"omg","text":"omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801936202","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5358658,"gmtCreate":1627478867914,"gmtModify":1635219509681,"authorId":3581734406950755,"author":{"id":3581734406950755,"idStr":"3581734406950755","authorId":3581734406950755,"name":"Shyon","avatar":"https://static.tigerbbs.com/2a3423cbda71d7a89cd2f2f2d6744330","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2004},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.23","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":801936202,"type":1,"supId":0,"prevId":0,"content":"Yo","text":"Yo","html":"Yo"}],"langContent":"EN"},{"id":801995099,"gmtCreate":1627478282411,"gmtModify":1703490714290,"author":{"id":"3558571642509864","authorId":"3558571642509864","name":"Weilonglek","avatar":"https://static.tigerbbs.com/582a828478fa487580669c34bce8961c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3558571642509864","authorIdStr":"3558571642509864"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801995099","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5358584,"gmtCreate":1627478308714,"gmtModify":1663231624751,"authorId":3558571642509864,"author":{"id":3558571642509864,"idStr":"3558571642509864","authorId":3558571642509864,"name":"Weilonglek","avatar":"https://static.tigerbbs.com/582a828478fa487580669c34bce8961c","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.01","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":801995099,"type":1,"supId":0,"prevId":0,"content":"Okok","text":"Okok","html":"Okok"}],"langContent":"EN"},{"id":801992007,"gmtCreate":1627478188509,"gmtModify":1703490713137,"author":{"id":"4088490026197220","authorId":"4088490026197220","name":"zcml","avatar":"https://static.tigerbbs.com/282fc713a264eae65e8d4ae7f74b3395","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4088490026197220","authorIdStr":"4088490026197220"},"htmlText":"Yes Pls help like","listText":"Yes Pls help like","text":"Yes Pls help like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801992007","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801996549,"gmtCreate":1627478168381,"gmtModify":1703490712786,"author":{"id":"4087996122770160","authorId":"4087996122770160","name":"Timevestor","avatar":"https://community-static.tradeup.com/news/c445ff3f9f42cdd220e3e38056182334","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087996122770160","authorIdStr":"4087996122770160"},"htmlText":"Please like and comment.&nbsp;","listText":"Please like and comment.&nbsp;","text":"Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801996549","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5358576,"gmtCreate":1627478267905,"gmtModify":1663231623333,"authorId":3586519067840195,"author":{"id":3586519067840195,"idStr":"3586519067840195","authorId":3586519067840195,"name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":801996549,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"}],"langContent":"EN"},{"id":801990920,"gmtCreate":1627477885760,"gmtModify":1703490705386,"author":{"id":"3582072891665879","authorId":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582072891665879","authorIdStr":"3582072891665879"},"htmlText":"Please like and comment.","listText":"Please like and comment.","text":"Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801990920","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5358578,"gmtCreate":1627478297747,"gmtModify":1663231624330,"authorId":3558571642509864,"author":{"id":3558571642509864,"idStr":"3558571642509864","authorId":3558571642509864,"name":"Weilonglek","avatar":"https://static.tigerbbs.com/582a828478fa487580669c34bce8961c","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.01","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":801990920,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":801905496,"gmtCreate":1627477764615,"gmtModify":1703490702424,"author":{"id":"4088994282428880","authorId":"4088994282428880","name":"YTRT","avatar":"https://community-static.tradeup.com/news/4f367d067f5f8863bfd20f8a07d294fb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088994282428880","authorIdStr":"4088994282428880"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801905496","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801903558,"gmtCreate":1627477482174,"gmtModify":1703490697144,"author":{"id":"3581809478979424","authorId":"3581809478979424","name":"Soar0111","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3581809478979424","authorIdStr":"3581809478979424"},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801903558","repostId":1100196347,"repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://ttm.financial/m/news/1100196347?lang=&edition=fundamental","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report&nbsp;a loss of 54 cents a share&nbsp;on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share&nbsp;on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is&nbsp;Transact, a freight logistics company, which it’s buying from private equity&nbsp;for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost&nbsp;29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for&nbsp;Postmates, a restaurant delivery service competing with&nbsp;Uber Eats. It also paid $1.1 billion for&nbsp;Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to&nbsp;DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but&nbsp;it keeps falling behind DoorDash, which prefers to grow&nbsp;organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of&nbsp;Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the&nbsp;travails of founder Travis Kalanick. That’s enough time to get&nbsp;admiring portraits&nbsp;of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor&nbsp;Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers&nbsp;upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are&nbsp;becoming common.Drivers are getting&nbsp;a little over half&nbsp;that money. Uber is&nbsp;sharing more of its data&nbsp;with them, but that’s all. It’s certainly&nbsp;doing little to keep them safe.&nbsp;\nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up&nbsp;a grocery delivery pilot&nbsp;with&nbsp;Costco Wholesale(NASDAQ:COST). It’s also focusing more on&nbsp;its global footprint. Even that was hurt by the post-IPO collapse of&nbsp;DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have&nbsp;revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become&nbsp;profitable in 2023, based on&nbsp;revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIt’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":85,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}