Just last week, The Wall Street Journal reported that Uber did not make profit in the first quarter of 2017. Confirming this, Uber has announced that they actually made a loss of a whooping $708million in the first 3 months of the year despite posting revenue of $3.4 billion.

The company’s spokesperson said, “these results demonstrate that our business remains healthy and resilient as we focus on improving our culture, management and relationship with drivers and Uber is on a good trajectory towards profitability”. Uber also said it’s looking for a chief financial officer who has worked at a public company or has experience in taking a company public.

https://autojosh.com/uber-losses-708-million-in-the-first-quarter-of-2017/

Lalasticlala
Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy
Seun

6 FTC's in one day...i mean nairaland ...this has to be some sort of record or something

when is my name gonna be on the NL wall of fame

back to the topic

i think they caused it for themselves after that controversy at the airport in the states and then the uber drivers protest in nigeria.

The guy above me... it's evident you're sitting on a mast. When I opened this thread to comment, it was just me, only for me to type "yy" and saw someone else on ftc.

About the post... they'd make profit in the long run

I believeless

LOL! Taxify is your nightmare!

Hmm

darris 2 much
omo imagine dat kind of dEBT is some how gain to me

Okay but that's much. Or is it because of the entry of other online cab services into the market

4

Why, na?

So their costs outweighed all the revenues made... what exactly are they spending money on?

How much is our contribution

Pardon my ignorance, how does the loss demonstrate the company is "healthy and resilient"? Is it that previous quarterly postings has recorded heavier losses than this?

And it made FP

what's uber? sincerely, I need an answer

Chaiiiiii My 100 dollars is part of that loss.

Their system got compromised, someone had access to my credit card and used my card for Uber service from Russia. They had to refund me sharp sharp plus compensation after investigating. Cos they knew it was their fault.


Advise: Dont save your card information on Uber mobile application or even any mobile App.

PS: I must commend their customer service. It's excellent!

GREED everywhere GREED.

uchwar1:
what's uber? sincerely, I need an answer

Google is your friend.

Uber works and is profitable in many countries and I know ours in Naija will not be different

pmc01:
Pardon my ignorance, how does the loss demonstrate the company is "healthy and resilient"? Is it that previous quarterly postings has recorded heavier losses than this?

Bro i swear was tinkin d same
dn i realised he's d company's spokesman so he gats do sum lai mohammed ish to improve dia image

Impossible

paddyofboss:
And it made FP

And what's the problem with that? It's a valuable piece of information to some. Life should not be all about criticism.

where the money dey abeg my eye dey shu ooo

pmc01:
Pardon my ignorance, how does the loss demonstrate the company is "healthy and resilient"? Is it that previous quarterly postings has recorded heavier losses than this?

I wonder with all seriousness

Guess the world is truly coming to an end! Everything is just not as it should be but what have we to do other than trust God for the best.

Leez:

Bro i swear was tinkin d same
dn i realised he's d company's spokesman so he gats do sum lai mohammed ish to improve dia image

You're one funny bro, honestly.

Uber don go finish, no hope for the coy.

They dont understand that Naija na hostile environment. Dem neva jam, by the time govt tax authorities visit their office for different fees & levies. Dem go pack their load finally...