Uber drivers can now lease cars through uber... But prices look insane!!

[dealmaker]

Uber drivers taking to the streets - in protest
Uber driverson Tuesdaywill join fast-food workers, airport employees and home-care aides todemand a $15-per-hourminimum wage. Uber drivers are considered contractors rather than employees, so they aren’t entitled to overtime pay or sick leave. Drivers in some cities say Uber’s aggressive fare cuts make it even harder to get by.(CNN)

 

[Southampton]

Uber drivers taking to the streets - in protest
Uber driverson Tuesdaywill join fast-food workers, airport employees and home-care aides todemand a $15-per-hourminimum wage. Uber drivers are considered contractors rather than employees, so they aren’t entitled to overtime pay or sick leave. Drivers in some cities say Uber’s aggressive fare cuts make it even harder to get by.(CNN)

Boy, folks value security over opportunity--- sad but true, but we do need the slave class.

 

[dealmaker]

Uber faces judgment in the E.U. in coming months
Uber is awaiting the decision of 15 E.U. judges, who will decide whether the ride service is an app or a transportation company. Uber has maintained that it's strictly an app, but if the court rules against it, the company couldface stricter regulations.(Bloomberg)

 

[dealmaker]

DMV to Uber: Not so fast with the self-driving cars
Uber wanted to launch its self-driving car service to passengers in its hometown of San Francisco, but California's Department of Motor Vehiclesput the brakeson that rollout. The DMV sent a letter saying that Uber had failed to get the proper autonomous vehicle testing permit.(New York Times)

 

[JSSPMK]

I hope I read this wrong but somewhere in the article this guy was leasing a brand new 2015 ford escape for $162 a week!!!!!!!!

That's $648 a MONTH!!!!!!!

Something is very wrong here, who leases a Ford escape for $650 a month!!!!



http://www.cnbc.com/2016/06/07/uber-wants-to-disrupt-the-auto-leasing-industry.html

That's a common rate for taxi drivers. In the UK some drivers pay even more for older cars.

 

[dealmaker]

Uber lost $800M in Q3
Uber lost more than$2.2 billion in the first nine monthsof 2016, including $800 million in the third quarter. The losses can be attributed to the company's decision to leave China earlier this year. The private company generated about $3.7 billion in net revenue in the same nine months.(Bloomberg)

 

[Southampton]

Uber lost $800M in Q3
Uber lost more than$2.2 billion in the first nine monthsof 2016, including $800 million in the third quarter. The losses can be attributed to the company's decision to leave China earlier this year. The private company generated about $3.7 billion in net revenue in the same nine months.(Bloomberg)

Man, that is an incredible burn rate--- doesn't make sense given the nature of the business

 

[dealmaker]

Uber is the most valuable startup in the U.S.
Valued at $68 billion, Uber is among a newer class of startups called "decacorns" - companies that are valued at more than $10 billion.Airbnb is the second most valuablestartup, followed by the data-mining startup Palantir; Snapchat’s parent, Snap; WeWork; SpaceX; Pinterest; and Dropbox. All are decacorns.(Business Insider)

 

[Overnight]

Uber is the most valuable startup in the U.S.
Valued at $68 billion, Uber is among a newer class of startups called "decacorns" - companies that are valued at more than $10 billion...

Who comes up with this shit?

Valued at over $68,000,000,000?

ROFL. Someone smoking some funny there.

 

[felixbocharov]

How could they burn so much money? I can't understand it.