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Raevynn
2021-07-30
Latest[What]
Tesla AI Day: 15 Things to Know About the Upcoming Aug. 19 Event
Raevynn
2021-07-28
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Uber Technologies Delivers People and Packages But Not Profits
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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla AI Day: 15 Things to Know About the Upcoming Aug. 19 Event</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla AI Day: 15 Things to Know About the Upcoming Aug. 19 Event\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 11:00 GMT+8 <a href=https://investorplace.com/2021/07/tesla-ai-day-15-things-to-know-about-the-upcoming-aug-19-event/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk has announced that a Tesla(NASDAQ:TSLA) AI Day is set to take place on Aug. 19, 2021.\nHere’s what we know so far about the upcoming event.\n\nMusk, founder and CEO of Tesla,announced the ...</p>\n\n<a href=\"https://investorplace.com/2021/07/tesla-ai-day-15-things-to-know-about-the-upcoming-aug-19-event/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/07/tesla-ai-day-15-things-to-know-about-the-upcoming-aug-19-event/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156614848","content_text":"Elon Musk has announced that a Tesla(NASDAQ:TSLA) AI Day is set to take place on Aug. 19, 2021.\nHere’s what we know so far about the upcoming event.\n\nMusk, founder and CEO of Tesla,announced the eventvia hisTwitter(NYSE:TWTR).\nThe only explanation from Musk came from a response Tweet to another user.\nIn it, he said the sole goal of Tesla AI Day is to recruit“the best AI talent to join Tesla.”\nUnfortunately, he didn’t go into any further details about what to expect.\nThat means we don’t know if it will be a public showing or a private one.\nEven so, we have a few guesses.\nTesla hasheld similar events in the pastfor its batteries and self-driving vehicles.\n\n\nIf this event is similar to those, we’re likely to see a presentation at the very least.\nHowever, it’s also possible that the event takes place behind closed doors without a grand show.\nEither way, we’re going to have to wait a bit longer before we can learn more details about the Tesla AI Day.\nAs for how today’s news is treating TSLA stock, it’s been good for it.\nShares of TSLA are up 4.6% as of Thursday morning but are still down 7.3% since the start of the year.\nTSLA shares are also seeing steady trading following today’s announcement.\nAs of this writing, more than 21 million shares of the stock have changed hands.\nFor perspective, the electric vehicle (EV) company’s daily average trading volume is closer to 25.4 million shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801983311,"gmtCreate":1627479500633,"gmtModify":1633764627562,"author":{"id":"4090129444813610","authorId":"4090129444813610","name":"Raevynn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090129444813610","authorIdStr":"4090129444813610"},"themes":[],"htmlText":"Latest[What] ","listText":"Latest[What] ","text":"Latest[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801983311","repostId":"1100196347","repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://www.laohu8.com/m/news/1100196347?lang=&edition=full","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"<p>It’s an old joke: Call me a taxi. OK, you’re a taxi. (<i>rimshot</i>) But what’s not a taxi?<b>Uber Technologies</b>(NYSE:<b><u>UBER</u></b>). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.</p>\n<p>More than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.</p>\n<p>What hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.</p>\n<p><b>Acquisitions Stoke Growth</b></p>\n<p>It’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.</p>\n<p>Its latest buy is <b>Transact</b>, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.</p>\n<p>This goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for <b>Postmates</b>, a restaurant delivery service competing with <b>Uber Eats</b>. It also paid $1.1 billion for <b>Drizzly</b>, an alcohol delivery startup.</p>\n<p>This has made Uber the biggest competitor to <b>DoorDash</b>(NYSE:<b><u>DASH</u></b>), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.</p>\n<p><b>Savior CEO Faces Tough Fights</b></p>\n<p>Today’s Uber is the creation of Dara Khosrowshahi, the former CEO of <b>Expedia</b>(NASDAQ:<b><u>EXPE</u></b>). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.</p>\n<p>Along with competitor <b>Lyft</b>(NASDAQ:<b><u>LYFT</u></b>), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.</p>\n<p>But while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. </p>\n<p>Instead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with <b>Costco Wholesale</b>(NASDAQ:<b><u>COST</u></b>). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of <b>DiDi Global</b>(NASDAQ:<b><u>DIDI</u></b>), the so-called “Chinese Uber,”which cost it $2 billion.</p>\n<p><b>The Bottom Line on UBER stock</b></p>\n<p>Uber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.</p>\n<p>That’s still the story with UBER stock.</p>\n<p>It will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.</p>\n<p>Whether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.</p>\n<p>Uber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8 <a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...</p>\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":806096869,"gmtCreate":1627614894551,"gmtModify":1633757742131,"author":{"id":"4090129444813610","authorId":"4090129444813610","name":"Raevynn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090129444813610","idStr":"4090129444813610"},"themes":[],"htmlText":"Latest[What] ","listText":"Latest[What] ","text":"Latest[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806096869","repostId":"1156614848","repostType":4,"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801983311,"gmtCreate":1627479500633,"gmtModify":1633764627562,"author":{"id":"4090129444813610","authorId":"4090129444813610","name":"Raevynn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090129444813610","idStr":"4090129444813610"},"themes":[],"htmlText":"Latest[What] ","listText":"Latest[What] ","text":"Latest[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801983311","repostId":"1100196347","repostType":4,"repost":{"id":"1100196347","kind":"news","pubTimestamp":1627477398,"share":"https://www.laohu8.com/m/news/1100196347?lang=&edition=full","pubTime":"2021-07-28 21:03","market":"us","language":"en","title":"Uber Technologies Delivers People and Packages But Not Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=1100196347","media":"InvestorPlace","summary":"Once a ride-hailing disruptor, the firm is growing in delivery… if it can find people to do the work","content":"<p>It’s an old joke: Call me a taxi. OK, you’re a taxi. (<i>rimshot</i>) But what’s not a taxi?<b>Uber Technologies</b>(NYSE:<b><u>UBER</u></b>). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.</p>\n<p>More than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.</p>\n<p>What hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.</p>\n<p><b>Acquisitions Stoke Growth</b></p>\n<p>It’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.</p>\n<p>Its latest buy is <b>Transact</b>, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.</p>\n<p>This goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for <b>Postmates</b>, a restaurant delivery service competing with <b>Uber Eats</b>. It also paid $1.1 billion for <b>Drizzly</b>, an alcohol delivery startup.</p>\n<p>This has made Uber the biggest competitor to <b>DoorDash</b>(NYSE:<b><u>DASH</u></b>), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.</p>\n<p><b>Savior CEO Faces Tough Fights</b></p>\n<p>Today’s Uber is the creation of Dara Khosrowshahi, the former CEO of <b>Expedia</b>(NASDAQ:<b><u>EXPE</u></b>). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.</p>\n<p>Along with competitor <b>Lyft</b>(NASDAQ:<b><u>LYFT</u></b>), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.</p>\n<p>But while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. </p>\n<p>Instead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with <b>Costco Wholesale</b>(NASDAQ:<b><u>COST</u></b>). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of <b>DiDi Global</b>(NASDAQ:<b><u>DIDI</u></b>), the so-called “Chinese Uber,”which cost it $2 billion.</p>\n<p><b>The Bottom Line on UBER stock</b></p>\n<p>Uber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.</p>\n<p>That’s still the story with UBER stock.</p>\n<p>It will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.</p>\n<p>Whether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.</p>\n<p>Uber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Technologies Delivers People and Packages But Not Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Technologies Delivers People and Packages But Not Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 21:03 GMT+8 <a href=https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock...</p>\n\n<a href=\"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://investorplace.com/2021/07/uber-technologies-delivers-people-food-and-packages-just-not-profits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100196347","content_text":"It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi?Uber Technologies(NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019.\nMore than two years later, Uber stock closed July 27 at $45.82 a share. That’s a market cap of about $86 billion. It is doing all sorts of delivery — restaurants, groceries, even freight.\nWhat hasn’t changed is its lack of profit. Uber expects to report a loss of 54 cents a share on Aug 4, on $3.73 billion of revenue. During the March quarter it lost 6 cents a share on revenue of $2.9 billion.\nAcquisitions Stoke Growth\nIt’s hard to make earnings comparisons because Uber has been seeking so much growth from acquisitions.\nIts latest buy is Transact, a freight logistics company, which it’s buying from private equity for $2.25 billion.That includes $1.5 billion of debt, based on its March report, which would bring the total over $9 billion, against $5.6 billion in cash and short-term investments.\nThis goes on top of it’s buying the rest of Cornershop, a grocery delivery service mainly serving Latin America. That cost 29 million new shares of stock, worth about $1.35 billion at today’s prices. In 2020 Uber paid $2.65 billion for Postmates, a restaurant delivery service competing with Uber Eats. It also paid $1.1 billion for Drizzly, an alcohol delivery startup.\nThis has made Uber the biggest competitor to DoorDash(NYSE:DASH), which came public late last year and now has a market cap of $58.6 billion. Uber talks about “synergies” from its acquisitions but it keeps falling behind DoorDash, which prefers to grow organically.\nSavior CEO Faces Tough Fights\nToday’s Uber is the creation of Dara Khosrowshahi, the former CEO of Expedia(NASDAQ:EXPE). He has been running Uber for about four years now, brought in to save the then-pre IPO firm from the travails of founder Travis Kalanick. That’s enough time to get admiring portraits of himself done by political reporter Maureen Dowd. But Khosrowshahi has as many political problems as his predecessor did.\nAlong with competitor Lyft(NASDAQ:LYFT), Uber just took a one-day strike of drivers upset over pay and working conditions.Uber won its expensive fight for California’s Proposition 22, classifying its drivers as contractors, last year.\nBut while Uber can dictate working conditions, that doesn’t mean it can get help. Two-hour wait times and $100 fares from major airports are becoming common.Drivers are getting a little over half that money. Uber is sharing more of its data with them, but that’s all. It’s certainly doing little to keep them safe. \nInstead, Uber is getting more heavily into delivering goods. In addition to its many acquisitions it has lined up a grocery delivery pilot with Costco Wholesale(NASDAQ:COST). It’s also focusing more on its global footprint. Even that was hurt by the post-IPO collapse of DiDi Global(NASDAQ:DIDI), the so-called “Chinese Uber,”which cost it $2 billion.\nThe Bottom Line on UBER stock\nUber has always claimed to have a bright future offsetting a troubled present, using technology to arbitrage around labor costs.\nThat’s still the story with UBER stock.\nIt will take more than New York Times columnist Dowd’s appreciation, however, to turn Uber’s numbers around. The 20 analysts covering expect it to have revenues of $22.2 billion this year. That means you’re paying four times revenue for a string of losses.\nWhether Uber can do better moving goods instead of people still depends on it getting people to do the work. The hardball tactics it used when labor was abundant are backfiring now that labor is dear.\nUber bulls expect the company to become profitable in 2023, based on revenue growth of 68% per year. I don’t buy it unless the supply-demand curve for labor changes drastically.","news_type":1},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}