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Nairaland Forum / Nairaland / General / Travel / Uber Loses $708 Million In The First Quarter Of 2017 (21076 Views)
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Uber Loses $708 Million In The First Quarter Of 2017 by AutoJoshNG: 3:17pm On Jun 02, 2017 |
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 7 Likes 2 Shares
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Re: Uber Loses $708 Million In The First Quarter Of 2017 by Arian11(m): 4:01pm On Jun 02, 2017 |
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. 10 Likes 1 Share |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Iamdmentor1(m): 4:02pm On Jun 02, 2017 |
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 34 Likes 1 Share |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by auntysimbiat(f): 4:02pm On Jun 02, 2017 |
I believeless |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Brimmie(m): 4:02pm On Jun 02, 2017 |
LOL! Taxify is your nightmare! 23 Likes |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by AngelicBeing: 4:03pm On Jun 02, 2017 |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by OtemAtum: 4:03pm On Jun 02, 2017 |
Hmm |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by bamdly(m): 4:03pm On Jun 02, 2017 |
darris 2 much omo imagine dat kind of dEBT is some how gain to me 1 Like |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by solpat(m): 4:03pm On Jun 02, 2017 |
Okay but that's much. Or is it because of the entry of other online cab services into the market 2 Likes |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Zizicardo(f): 4:04pm On Jun 02, 2017 |
4 |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Slai1: 4:04pm On Jun 02, 2017 |
Why, na? |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by ephi321(f): 4:04pm On Jun 02, 2017 |
So their costs outweighed all the revenues made... what exactly are they spending money on? 25 Likes |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by adioolayi(m): 4:04pm On Jun 02, 2017 |
How much is our contribution |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by pmc01(m): 4:04pm On Jun 02, 2017 |
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? 9 Likes 1 Share |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by paddyofboss(m): 4:04pm On Jun 02, 2017 |
And it made FP |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by uchwar1: 4:05pm On Jun 02, 2017 |
what's uber? sincerely, I need an answer 1 Like |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by AAinEqGuinea: 4:05pm On Jun 02, 2017 |
hahahahahaaaaaa soon twitter will join uber |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by VickyRotex(f): 4:05pm On Jun 02, 2017 |
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! 30 Likes |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by emmanude(m): 4:06pm On Jun 02, 2017 |
GREED everywhere GREED. |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Oildichotomy(m): 4:06pm On Jun 02, 2017 |
The mindset of their investors still remain resolute despite the losses and in fact it is still better than last year. It always takes time before the profits starts rolling in, the potentials are there. Uber is practically a word in everyday conversations across the globe now tells you their impact. 3 Likes |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by nonut: 4:06pm On Jun 02, 2017 |
uchwar1:Google is your friend. |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Lilimax(f): 4:06pm On Jun 02, 2017 |
Uber works and is profitable in many countries and I know ours in Naija will not be different |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Leez(m): 4:07pm On Jun 02, 2017 |
pmc01: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 2 Likes 1 Share |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Nelsizzy(m): 4:07pm On Jun 02, 2017 |
Impossible |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by pmc01(m): 4:07pm On Jun 02, 2017 |
paddyofboss:And what's the problem with that? It's a valuable piece of information to some. Life should not be all about criticism. 3 Likes |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Moreoffaith(m): 4:08pm On Jun 02, 2017 |
where the money dey abeg my eye dey shu ooo |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Nobody: 4:08pm On Jun 02, 2017 |
pmc01: I wonder with all seriousness 1 Like 1 Share |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Nobody: 4:08pm On Jun 02, 2017 |
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. 1 Like |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by pmc01(m): 4:09pm On Jun 02, 2017 |
Leez:You're one funny bro, honestly. |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by NewGombawa: 4:09pm On Jun 02, 2017 |
Uber don go finish, no hope for the coy. |
Re: Uber Loses $708 Million In The First Quarter Of 2017 by Willie2015: 4:10pm On Jun 02, 2017 |
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... |
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