Viewing a single comment thread. View all comments

Xanthn OP t1_jdbys7g wrote

Reply to comment by Romanian_ in Alameda passes delivery fee cap even as Uber threatens exit by Xanthn

I wonder if them giving bonuses to sign up drivers and the amount of money that the CEO and other execs get paid actually make a difference in the loses. I mean somehow the CEO got around $20 million in 2021, $40 million odd a few years earlier, and since a lot of that seems to be related to stock, others also would be getting millions. Something doesn't then add up, how are they not making money and still pay out this sort of money?

Edit: spelling.

6

Captain_Mazhar t1_jdczumy wrote

For the last decade, venture capital was throwing billions and billions of dollars at startups who could afford to burn reserves because money was cheap, betting on market share over current profitability.

Now that money is getting more expensive, we are coming into phase 2 of that, and we will see who remains when the flood of cheap money dries up.

6