While driving, Nwosu said he was typically giving rides five days a week from 8 p.m. until 5 or 6 a.m. to catch the bar-and-club crowd as well as those needing to get to the airport for early flights. After Uber took its commission — which was typically 20% — Nwosu said he ended up with a total of about $16,500. But that doesn’t include vehicle maintenance, gas and other costs.
So doing the math here, that's about $10/hr BEFORE expenses. So maybe $5/hr? What a joke
that is old and known news. There have been about 10 stories on that already. What's to stop TAXI from buying his 90 Medallions at a good price?
CNBC story just reporting what everyone knows; Medallion values are down and they report the Q1 avg price of $800K. Nothing new in this story, bought back under $10. A stop saved me some money on this. This story looks like a hit job placed for the shorts
google "Uber’s Denial Of Liability In Girl’s Death Raises Accident Accountability Questions"
If you are an Uber driver and driving to pick up a passenger, you are not covered. Your own insurance won't cover you either. Big hole in the system. so the 160K Uber drivers are essentially kamikazes on the road
the GAAP diluted share count is actually up yr-yr. The buyback is simply not buying back the massive options given to insiders fast enough to lower the share count.
The buyback is a theft of wealth from shareholders and a transfer to insiders. It is a farce
funny that housing is still off the highs, but no report of a "plunge" there. Gives the massive short position a chance to exit. If they were smart, they would do that. 10% yield at this price point.
I only bought back 1K of my 3K position under $10. Let's see what happens here before buying more.
Hickman is a paid promoter of Lyft/Uber. He is a convicted financial felon and bared from financial activity in the State of Connecticut.
he used to get hundreds of comments. Last two articles had 20 comments and 1 comment. Today's article just got 7 and one even said if he "saw black helicopters"
the ultimate straw man argument: the people want it so it should be ok.
Uber skirts the law, is short on insurance, etc. Someone who gets permanently disabled while riding an Uber car and then told "sorry" will surely be against it. The public is not aware of the dangers of Uber.
Nice try and way to not answer the question if you are paid by Uber
The California Labor Commission ruled that Uber is "involved in every aspect of the operation," which means drivers are employees and not independent contractors. Uber says it's "nothing more than a neutral technology platform." The shift to employee status for California drivers threatens Uber's obscene $50 billion valuation in the private market as they face increased labor costs. The ruling could also spark an avalanche of similar lawsuits across the country.
Uber is just one example of the exploitation business model. From Washio to Airbnb, companies in the so called "sharing economy" seek to avoid licensing, regulation, insurance, standard labor costs, and basic business responsibility. This trend threatens the average worker and fosters the development of a peasant class.
exactly. Why pay for a liquor license and check the age of drinkers? Make your own alcohol and sell it to anyone who walks in. That sounds "safe" and less costly.
Uber should be shut down. Period.
why is that bad for JNJ? Folks have to buy medicine and consumer products in good times and bad.
on demand cleaning service, Homejoy, shuts down in the face of employee classification lawsuits...will impact on demand companies such as Uber which are facing similar lawsuits....In an effort to sway public opinion, Uber has taken to the blogesphere by hiring writers to write propaganda articles which stretch the truth....and contain outright lies
a share buyback is fine as long as they don't use that to mask oversize options grants to insiders. All they are doing is transferring money from shareholders to insiders via the buyback. In essence, looting the treasury in full view and with your apparent blessing.
Do you let people bang your wife and just sit there and watch? Never mind, I know the answer