Uber trims more staff as it seeks a route to profit

By Alastair Pike

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© 2019 AFP

©2020 GPlusMedia Inc.

Login to comment


The company said revenue grew 14 percent to $3.2 billion, but it lost $5.2 billion

Then this:

Stock related compensation expenses took a huge bite out of its revenue, the company said.

So the company managed to somehow lose $5.2 billion dollars on $3.2 billion in revenue. That is insanely bad. And then to top it off, their biggest expense is....paying off the executives who are driving the company into the ground for such a fine job they are doing!

Corporate governance at these start ups is a joke.

4 ( +4 / -0 )

Companies like Uber are not worker friendly. They hire and fire at the drop of a hat. Workers are just pawns to be moved or sacrificed in the name of profit for execs and shareholders.

1 ( +1 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites