Business Discussion Blog by Joann Cassio

Business Discussion Blog by Joann Cassio https://padlet.com/cassiojo/i25nhvdaxoa7 Today's topic UBER will they ever make a profit? en-us 2016-12-07 16:23:59 UTC 2016-12-07 17:25:17 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Condos.png M.C.K. https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142336669 Blog Response: I think that Uber is facing the issue of making profit. I mean, just from looking at charts this article provided, it is clearly seen that the company’s profits drop sharply from when the passenger first gets in the car, to the time it gets to Uber itself. The article also makes the case that Uber will not be going to the public in order for the public to buy shares and thus inject more money into the company.

This being said, I believe Uber to not be a profitable company, at least for now. If they were to go public and start taking a larger percentage share from the rides drivers provide, then I can see the company being able to turn more profit, but until then it seems like they will slowly start to hemorrhage money.

]]> 2016-12-07 16:30:07 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142336669 to: MCK cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142338668 is 'going public' the only option for Uber? What might other options be that will enable profitability to increase for this company? JEC]]> 2016-12-07 16:35:12 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142338668 To: J.E.C. https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142339823 Going public is not the only option but it is the best option in my opinion because it will inject much needed money into the company quickly. Other options however could include Uber branching out and expanding their services to things such as small aircraft to take business people or others to a destination for much cheaper than large airlines. M.C.K.]]> 2016-12-07 16:38:06 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142339823 to: MCK cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142341487 What other endeavors has UBER had that should have increased their profitability?]]> 2016-12-07 16:40:56 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142341487 SG https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342317 y]]> 2016-12-07 16:43:06 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342317 ER https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342712 So I just finish reading this very fascinating article about Uber and there profit loss margin that has got them major news attention, but not for the good reason. Some of key point they point out in the article is Uber bad investment in certain area around the world such as in China where they are trying to spread their services. Another thing they mention is that Uber is still till this day a private company which mean there not willing to sell any ownership in the company but rather keep it to themselves. For this reason I believe uber will eventually see a dramatic decrease in revenue if they don’t change their way in marketing and willing to let go some share in there company .

]]> 2016-12-07 16:44:12 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342712 sg https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342759 Uber was the biggest thing when it came out but even with all of the publicity that they were getting I do believe that they are not being profitable. I think that if they were to go pubic that it would help them but I think in order for them to be expand they are going to have to change something about the way they do things; pay drivers less or increase prices of Uber rides.]]> 2016-12-07 16:44:20 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342759 Aldo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342836 Uber is a company we have all come to love and known for its ease of use and rapid growth. Rapid growth in the business world can almost always be translated into dollars, but in Uber’s case is only a matter of cents per ride. Uber has run into profitability options as they try to keep their service affordable and feasible, while also taking care of their drivers.

The fact the Uber is deciding to not go public and have complete control of the liquidation of assets and investments is holding them back. It is evident that this decision in congruence with their rapid growth is not conducive to overall profitability. Perhaps if they went public and had more diversification of how money is spent and reinvested, Uber could reach unprecedented heights.

]]> 2016-12-07 16:44:38 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342836 M.L https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342837 Even though Uber exist as a private company does not preclude us from having a look on their business model and operational results. Uber was generating a modest cash profit on North American rides that minor $0.19 per ride, but this was calculated before other corporate cost, so that cannot be considered profit. In August, Uber retreated from Chinese market, which they were able to pick up $1 billion from its prior rival in the process. Then one again, Uber was losing money in N.A. However, in what we learned from today is that Uber is having difficult of making profit. However, as mentioned in “The recent Uber Revenue/Profit Debate, Explain,” that there is no evidence that Uber rapid growth is diving. Since Uber is a uniqye and innovated company, they would not have a problem moving forward or coming up with a new thing.

]]> 2016-12-07 16:44:38 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142342837 Daniel https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343019 Uber’s exit from China in my opinion was a mistake. China is the most populated country in the world and they could have made big bucks if they found a way to be successful there. As to be expected, their operating costs declined since exiting China and now many are questioning Uber. Can they still grow as a company while working on profitability and still go public? In my opinion, although they lost a lot, I believe they can slowly and gradually grow as a company.

]]> 2016-12-07 16:45:11 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343019 H.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343175 Uber will probably go out of business if they do not sell a portion of its equity on public exchanges meaning stock. Uber is a fast growing company but their profits are horrible. All the drivers are getting the money but uber is not getting anything. They need to open their company to the public if they want to be profitable.
I]]> 2016-12-07 16:45:36 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343175 to: Aldo cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343249 I will ask the question I have before ---- what can they do to increase their revenues/profits? does it have to be something unique that will help increase the money flow? why not just increase rates?
JEC]]> 2016-12-07 16:45:47 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343249 ec https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343307 As a young entrepreneur I believe that investors will not cheer the marginal results. Uber had to remove Uber China to reduce operating cost, then will the company grow? Yes, of course they are in other countries but removing a market like China does not look good for a company. An investor will question, “how I they make money if they are losing money?” If they have to pay drivers, and the cost of users is so cheap then Uber will go downhill. ]]> 2016-12-07 16:45:56 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343307 John https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343444 2016 was not a very good year for the company, that is now so popular, Uber. Although many people believe that Uber is very successful and is probably making much profit, I found some research showing how the company is doing. According to this article, Uber was making modest cash profit in North America, but that minor $0.19 per ride was calculated before other corporate costs. The website, Mattermark, called its piece “That’s Not Profit.”

]]> 2016-12-07 16:46:22 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343444 Hector https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343509 As a young entrepreneur I do not understand why Uber does not sell equity on the public exchange and continues to be a private company in 2016. As well as why Uber still continues to exist if they have lost profits in North America in the first quarter of 2016. Why wasn’t Uber successful in China, where did it all go wrong?

]]> 2016-12-07 16:46:34 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343509 To Daniel https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343545 I completely agree. China is the second most populated country in the world, and is also home to many of the worlds biggest cities such as Shanghai, Hong Kong, Beijing ect.. Although china is under communist rule, their government enforces very little regulation on business allowing for maximum profitability and jurisdiction in business. Uber would definitely make an abundance of profit in china in comparison to the US.

-Aldo]]> 2016-12-07 16:46:40 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343545 To Es https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343680 I agree with you that 'uber should expand elsewhere but where exactly What are some other option Uber can use to Generate revenue rather than sell any shares from there company . -ER ]]> 2016-12-07 16:47:03 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343680 To H.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343837 I agree with you in the fact that they should go public, but don't think they would go out of business because it is still a popular business and in my opinion i just don't see them going out of business.
D.P]]> 2016-12-07 16:47:25 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343837 To Daniel https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343923 If Uber wasn't making money in China then why should they have stayed in that market? SG

]]> 2016-12-07 16:47:38 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142343923 to: sg cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344037 with your plan for UBER is there potential to loose money in an effort to increase profitability in which case they are apparently only moving laterally.]]> 2016-12-07 16:47:53 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344037 Daynel https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344189 In “The Recent Uber Revenue/Profit debate, Explained” written by Alex Wilhelm, I can say that we are all surprised by the amount Uber has been losing in revenue and capital. With the simple model that Uber runs on and along with the privacy of the company it is hard to determine the exact amount that they have lost. Wilhem also suggest that Uber is albeit losing money; Uber is still profitable with evidence demonstrating that Uber is profitable in a sense. With Uber gaining profitability in “hundreds of citites globally” that does not demonstrate the profitability of the simple model they run on.

]]> 2016-12-07 16:48:19 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344189 To: H.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344235 I agree on them selling to the market because it would help them out with money when needed. - HM]]> 2016-12-07 16:48:25 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344235 To:EC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344285 Uber needs to stay in china because in China the market is huge for Uber. H.C]]> 2016-12-07 16:48:34 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344285 lm https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344828 According to the charts provided in the article. I believe Uber will continue to loose revenue for a while if they don’t decide to go public. Uber has been losing a lot of money in two of their main sources, China and North America. One improvement could be to come up with new ways to spread out to different fields. ]]> 2016-12-07 16:50:05 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142344828 to: hector cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345043 going public means ultimately that you (as a business owner) will lose some control of the business-- it is put in the hands of the stockholders. This is not always a bad thing unless of course the transition from private to public is not well thought out and executed. ]]> 2016-12-07 16:50:38 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345043 mr https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345054 There is no proof that uber is achieving the margin results as they grow into profitability with startups. So if uber stays on private, investors will start to question; why it would be a good investment for them. Primarily if uber leaves china they will lose a lot because most of revenue comes from china. So how does uber think they will be profitable enough without china

]]> 2016-12-07 16:50:41 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345054 to sg reply https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345108 Of course there is a possibility to lose money especially if they decided to raise prices because they could lose customers but I also think that if they don't take a risk and change something then they are going to remain not making profit. which in that case I think they should go public which might buy them some more time on the market.]]> 2016-12-07 16:50:50 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345108 To: Hector https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345225 I totally agree with you on why Uber does not just go public and continue to stay as a private company. I also would like to find out why Uber did not succeed in China. Uber needs to increase their price on rides or they will keep falling down.
John]]> 2016-12-07 16:51:09 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345225 To Sydney Goforth p.s I'm responding to your response to my response https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345409 Uber should have reviewed what was working and what wasn't working in China instead of leaving because, like I said, they are the biggest country in the world.
D.P]]> 2016-12-07 16:51:41 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345409 ES https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345840 As a young entrepreneur, I do not quite understand how such a creative and highly used company is not making much profit. I personally know many people who use Uber on a daily basis. I don’t hear people saying “let me call a taxi” anymore. It’s just Uber, Uber and Uber. Uber should open up in other countries and start paying drivers less.

]]> 2016-12-07 16:52:48 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345840 Kevin https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345852 Will Uber ever turn a profit? That is the “hot” topic that has been going around. As a young entrepreneur, I found it difficult to understand “Recent Uber Revenue profit” but I understood the concept. In my opinion Uber can easily turn a profit by going public, by staying in the United States, and rising their price. Uber is still a private company, but if they were willing to become a public company and give up some ownership, Uber wouldn’t have so many problems. Problems such as the China failure they had which could have been avoided if they first build a firm foundation in the United States. In the article, it also mentioned that Uber only makes 19 cents per ride before some cooperate expenses. If they were to raise the cost, yes, they might lose some customers but at the end of the day many people still use Uber and they will not stop using it if the price rises a little bit. If Uber continues the route they are taking, then in my opinion they will see tremendous revenue loss.

]]> 2016-12-07 16:52:49 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345852 To: John, From Daynel https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345944 The research that you had conducted is very well thought. I agree that $0.19 is not really considered profit and is a really minor percentage compared to other million dollar startups. ]]> 2016-12-07 16:53:00 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142345944 to: EC cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346042 If UBER was making such a 'killing' financially in China what brought about the move? JEC]]> 2016-12-07 16:53:14 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346042 To ES https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346445 If drivers get paid less don"t you think drivers are going to quit and find another job? HC]]> 2016-12-07 16:54:21 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346445 To: ES https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346504 That was exactly my thought too. They even have a song about "ubering everywhere" KR]]> 2016-12-07 16:54:28 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346504 to: Kevin cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346662 So in your humble opinion which would be more beneficial to UBER an increase in prices across the board? or offering stock on the stock market exchanges? What can they do if anything to remedy what has happened in China?
JEC]]> 2016-12-07 16:54:53 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346662 To LM https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346787 If Uber goes public that mean they will lose some ownership or control. I think that having lost money from their main source from China and North America that they need to do something different and in a sense, make them Unique again or like you said "spread out to different fields. ML]]> 2016-12-07 16:55:10 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346787 To: H.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346919 No i do not think they will find another job. If uber gives unemployed people a chance to work with uber anything they can make will impact their life. - Erick Sandoval]]> 2016-12-07 16:55:30 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142346919 S.k https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142347294 Uber has made a big impact on almost everyone. It is a huge company that just keeps seeming to grow. In my opinion even though the company is growing I don’t believe it is growing in the right directions. Uber leaving China instead of trying to innovate and find new ways to make it work there, was a big mistake mainly because that just closes them off from a huge portion of people in the world. Another way i believe Uber is moving in the wrong direction is by staying private. by staying private that leaves the company without the investor's money that could help them to grow and test more ways on how to get their profit margins up. i believe if Uber keeps on this way they wont be a successful company at all. ]]> 2016-12-07 16:56:28 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142347294 To: J.E.C, in response from Aldo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142347750 I believe a feasible way for Uber to increase their profits would be the diversification of equity. With more potential partners and more money invested in the company, perhaps more ways could be innovated to reduce Operating costs.

Uber could not simply rase rates to improve profitability. Not only would this skew the value of their service, but the customer would feel that uber is over valuing their service, allowing for a competitor to undercut them with Uber's previous pricing structure.

-Aldo]]> 2016-12-07 16:57:36 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142347750 to: Daniel cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348090 Is it then your hypothesis that China is the biggest country in the world lend itself to then being the most profitable for American companies? Do you have any idea of the demographics and geographics of China? JEC

]]> 2016-12-07 16:58:23 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348090 To Momma Cassio https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348833 No that is not my hypothesis for all American companies, just Uber. Its just Uber because since China has a plethora of people that most likely need a taxi to work as an example it suites their company more. To answer your other question about their demographics, no I do not know that much about their demographics.
D.P]]> 2016-12-07 17:00:13 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348833 To: ML and JEC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348935 Uber retreating from the Chinese market made the company as a whole look bad. They might had to leave the market because of the operating expenses such as paying the drivers but they left that market with $1 billion dollars. As Maria said, there is no evidence that Uber rapid growth is dividing, but will investors invest if it goes public?- ec

]]> 2016-12-07 17:00:27 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348935 J.M https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348992 Blog: Uber being such a big company that everyone uses it is hard to believe that they are actually decreasing in profit. Although after reading the article it made sense why. When Uber decided to leave China they should have known they would see a decrease in profit. China is such a crowded country, most people don’t have cars and are in need of transportation. Uber made a mistake in leaving because it would have made their profits increase. Although Uber is not at its best right now they will not die off just yet. Uber just needs to make better choices and they will be back on track.

]]> 2016-12-07 17:00:37 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142348992 To All Those Fighting The "China" Battle https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142349057 It is my believe that when Uber pulled out of china it was there only option. China is not a fertile ground for Uber, thats just the way it is. China is not a "car crazed" culture and as such would not think the idea of Uber is something amazing and needed to be in their culture. If Uber as a company did not think it was economically viable to stay in this nation then surely something was going wrong with the business model in the nation. Simply put I do not think China is ready to accept a company such as Uber and thus any company like Uber will not be able to survive their until such time. M.C.K.]]> 2016-12-07 17:00:49 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142349057 to John and Daynel cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142349107 Agreed about profit but again what is your answer to increasing that profit and how can it be done without disrupting any already 'successful' company? What are the 3rd quarter numbers from 2016 compared to those in the same quarter of 2015? JEC]]> 2016-12-07 17:00:55 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142349107 To EC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142349536 I think the investor will invest if they go public since in my opinion, if they do something new and different they could get investors since everyone took a wide intrest on them when they started, all they have to do is think of something unique. - ml]]> 2016-12-07 17:02:06 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142349536 to ML https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350128 I agree that they made a mistake taking their focus off China I believe they should do something differently their to gain their revenue or market differently.-lm

]]> 2016-12-07 17:03:51 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350128 TO everyone who thinks leaving china was a mistake https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350190 "BEIJING – Endless lines of slow-moving cars emerge like apparitions and then disappear again into the gloom of the thick smog that has shrouded Beijing and reduced its skyline to blurry gray shapes" quote from Fox world "Today, "buying a car is like buying a bicycle," said Gao as he drove his black Buick Regal sedan in west Beijing." another quote from Fox World. If buying a car is like buying a bike in china right now then why would Uber stay if people don't want to rid in someone else's car but ride in their own. sg]]> 2016-12-07 17:04:01 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350190 To: JEC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350577 In my humble opinion offering stocks on the stock market would be the most beneficial, but an increase in prices across the board would be the fastest and safest route. To remedy the problem that happened in China, Uber should first have a strong foundation where they are turning profits in the United States before deciding to go international. KR

]]> 2016-12-07 17:05:09 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350577 to: EVERYONE cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350886 Why have the owner/s of UBER decided NOT to go public? Do they think that leaving Chinese market that things will change in the US? JEC]]> 2016-12-07 17:06:01 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142350886 to MCK https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142351275 If uber would have stayed they would have had the possibility of making it were people didn’t want to have their own cars if they saw how beneficial uber was to them. It could lead to not everyone in the family needing a car. They could just call uber and make the majority of the people driving the uber drivers. That is what a good business plan could do.
SK]]> 2016-12-07 17:07:01 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142351275 To: J.E.C. https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142351480 I think the reason that Uber has decided not to go public is summed up in one word. Control.
M.C.K.]]> 2016-12-07 17:07:32 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142351480 to: JM cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142351503 What was the monetary loss giving up China? Most people in China are used to using bicycles for transportation. could the profit been so great in that area that UBER was "stupid" enough to give it up? JEC]]> 2016-12-07 17:07:37 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142351503 To Matthew https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352140 Can you please elaborate more on your response to Mrs.Cassio. Why is the one word control?
D.P]]> 2016-12-07 17:09:19 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352140 to everyone https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352145 According to business insider uber has decided to not go public but is raising money and they do not plan on going public anytime soon until generating more than $10 billion in gross annual revenue. mr]]> 2016-12-07 17:09:20 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352145 to: SK cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352453 I agree --- UBER needs to be more creative and unique in what they are offering. You cannot have a company and continue to make money if your movements are lateral in nature. I believe they started a food/restaurant delivery program and I'm wondering how well this did or was it a flop.
JEC]]> 2016-12-07 17:10:15 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352453 To: S.K. https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352627 I can see the point you are making but I do not agree with it. If China was ready and willing to embrace such a culture in which a company like Uber could thrive then yes, they could tap those markets. The people of China are more than happy to keep the way they are handling transposition as seen by how they handle it now. Do families need Uber to help their transportation needs, probably, are they willing to embrace the idea of that culture, I think not. M.C.K.]]> 2016-12-07 17:10:43 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352627 To: Everyone https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352808 According to businessinsider.com, in 2015 Uber was raising up to 2.1 billion dollars at a valuation of about $62.5 billion. That would bring the company's total amount raised to just over 12 billion dollars. At this moment the company had no plan on going public despite generating more than $10 billion in gross annual revenue. The last time they saw a private company scale to a $60+billion valuation was facebook in 2011.
John]]> 2016-12-07 17:11:09 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142352808 To: J.E.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353290 2016-12-07 17:12:45 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353290 Public or Private: In Response to J.E.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353381 Like most start ups, Uber is fearing a loss of control with their current obstacles could result in complete failure. With uncertainty comes risk, and with risk comes failure or success.

I do not believe the absence of Uber in the Chinese ]]> 2016-12-07 17:13:05 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353381 A.Z https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353655 Uber is a company that most of us are familiar with. From advertising on social media, to TV commercials and blog posts on why Uber is so great, who wouldn’t know this successful business? The real question is, IS Uber as successful as it is said to be? Uber has a huge market, but with such a huge market how can one lose thousands of dollars in rev. in just this past year? Could the problem be the fact that Uber has come private company and has plans to stay private for longer? Personally I think yes. Uber should become a public company which therefore will equal out all their losses into profit plus more. I also believe raising the cost it was said in “The Recent Uber Revenue/Profit Debate, Explained” makes 0.19 per ride; quite insane to me for a company who is so broadly known. Uber should make some serious changes in the following years in order to grow as a company .]]> 2016-12-07 17:13:55 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353655 to: MCK and Daniel cassiojo https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353944
Control --- sell your stock to the public and have different regulations and rules to follow. The "owner' is no longer the 'owner' look what happened to Steve Jobs. JEC]]> 2016-12-07 17:14:44 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142353944 To: D.P https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142354833

Great post, I completely agree with you- leaving China was a mistake. China having over 1.2 billion in population who wouldn’t China as their market? However instead of Ubering in China as a whole country should instead focus on the main cities and build their way up. Uber has still much to grow as a company.
From: AZ

]]> 2016-12-07 17:17:05 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142354833 To:J.E.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142354911 In my opinion Uber does not want to go public because they want to be better than Facebook (before they went public). They are taking into consideration all the mistakes Facebook had (since they are about the same size before Facebook went public) but the main reason behind why Uber does not want to go public is because they wont have the same control it does now. KR]]> 2016-12-07 17:17:17 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142354911 To: J.E.C https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142355158 Yes China’s main source of transportation is riding bikes but it is not everyone’s first choice you have to put in consideration that China has the biggest population in the world if at least half of their population used Uber is would make them more profit.

]]> 2016-12-07 17:17:52 UTC https://padlet.com/cassiojo/i25nhvdaxoa7/wish/142355158