And now they enter the "ask for forgiveness" stage, get a slap on the wrist and ...

miles · on July 10, 2022

> and get to bank their billions.

The only billions Uber has is in losses:

2022:

Uber lost $6 billion to start the year, but reports a rebound in ride-hailing and no issues with driver supply https://www.marketwatch.com/story/uber-posts-nearly-6-billio...

2021:

12 Years After It Was Founded, Uber Says It Might Finally Make a Profit https://www.fool.com/investing/2021/09/21/12-years-after-it-...

2020:

Uber lost $8.5 billion in 2019, but it thinks it can get profitable by the end of 2020 https://www.theverge.com/2020/2/6/21126965/uber-q4-earnings-...

2019:

Uber lost over $5 billion in one quarter, but don’t worry, it gets worse https://www.theverge.com/2019/8/8/20793793/uber-5-billion-qu...

bambax · on July 10, 2022

Uber may be losing billions, but Travis Kalanick still has his.

> In the weeks leading up to [his] resignation, Kalanick sold off approximately 90% of his shares in Uber, for a profit of about $2.5 billion.

amelius · on July 10, 2022

Sadly, this is normal for growing companies. Amazon lost year after year at some point.

Uber's CEO is still laughing their way to the bank.

F...ing up our economy is profitable.

hgomersall · on July 10, 2022

Cory Doctorow makes a pretty compelling case it's just a bezzle: https://doctorow.medium.com/the-big-lie-that-keeps-the-uber-...