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Originally Posted by BrownTown
Exactly. Boring Company isn't even areal think so I'll leave that alone for now, but Lyft and Uber only keep prices relatively low by losing other people's money and skirting labor laws. They're terrible (and unsustainable) examples of how to better run transportation.
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I really feel bad about injecting a few facts into your myth-making but:
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While Uber isn’t required to disclose its financial results, Uber has done so for the past few quarters as it gears up to go public next year. In Q2 2018, Uber’s net revenue was up 8 percent quarter-over-quarter, at $2.7 billion. Year-over-year, that’s a 51 percent increase.
Uber recorded gross bookings — the total taken for all of Uber’s transportation services — of $12 billion, a six percent quarter-over-quarter increase and a 41 percent year-over-year increase. But while Uber’s gross bookings increased, so did its losses. In Q2, Uber had adjusted EBITDA losses of $404 million compared to $304 million in losses in Q1.
Uber’s losses added up, given its investments in Eats, India, the Middle East, bikes and scooters. This quarter, Uber expanded Eats into a number of new cities in Europe, the Middle East and Africa, acquired food delivery startup Ando, announced its expansion of JUMP bikes into Europe and made its scooter ambitions official.
Other key stats for Uber’s Q2 2018:
Adjusted EBITDA margin: 3.4 percent of gross bookings (in Q2 ’17, that was 6.3 percent)
Gross cash: $7.3 billion (+1 billion quarter-over-quarter)
“We had another great quarter, continuing to grow at an impressive rate for a business of our scale,” Uber CEO Dara Khosrowshahi said in a statement. “Going forward, we’re deliberately investing in the future of our platform: big bets like Uber Eats; congestion and environmentally friendly modes of transport like Express Pool, e-bikes and scooters; emerging businesses like Freight; and high-potential markets in the Middle East and India where we are cementing our leadership position.”
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https://techcrunch.com/2018/08/15/ub...rcent-from-q1/
Uber has positive margins so it has positive cash flow. EBITDA (earnings before interest, taxes and depreciation, adjusted) is negative because of the investments in new businesses. But revenue is rising rapidly and they have about 4 times the cash on hand that Tesla does.
While Elon Musk has repeatedly promised profitability at Tesla, he hasn't achieved it and the company is still essentially a niche maker of luxury cars. They have been unable to make and sell their new model at the $35,000 price point they originally announced because if they did they'd lose money on every car sold.