Taxi Driver Online

Uber have taken out full page adverts, in the Telegraph at least, extolling the virtues of, well Uber.

Their sickness cover, pension contributions, holiday pay, open university courses and new parent payment, only available with Uber.

No mention of drivers being “employed” though.

Wonder how long it will be before they demand a level playing field?

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Former taxi driver

There's an interesting article in The Next Web pointing out why Uber are desperate for drivers to come back to them.

https://thenextweb.com/news/unfortunate ... share-taxi

However it points out why if they come back, they may not stay back.

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IDFIMH

i have a sneaking feeling they will be ok

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Of all the things ive lost, i miss my mind the most

I think we will all be ok, however Uber have millions of shareholders who would like to see a return on their investments before they die.

Not sure that will happen for many of them.

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IDFIMH

No they don't the vast majority of the shares are owned by British and American pension funds if they go under it will be pension pots that will take the hit

On a side note I went to BHX today for the first time in 2 years and Uber are now the official Private Hire partners of BHX with an Uber call device just outside the terminal exit doors

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

theres share PRICES and DIVIDEND PAYOUTS, are uber doing OK?

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Of all the things ive lost, i miss my mind the most

Uber Technologies gross profit for the quarter ending March 31, 2021 was $1.193B

Uber Technologies gross profit for the twelve months ending March 31, 2021 was $5.421B
Uber Technologies annual gross profit for 2020 was $5.985B
Uber Technologies annual gross profit for 2019 was $6.939B
Uber Technologies annual gross profit for 2018 was $5.647B

must be a real struggle for them

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Of all the things ive lost, i miss my mind the most

They have never paid a dividend, and their shareprice is currently about 7.5% higher than when they went public just over 2 years ago.

Folks would have been better off investing Mars Bars which have gone up by over 10%.

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IDFIMH

$1.2Bn 1st quarter of 2021 was a fecking lot more than I made

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Of all the things ive lost, i miss my mind the most

The above is 100% pure fanny.

They have never made a bean.

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IDFIMH

doing well then

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Of all the things ive lost, i miss my mind the most

2014 $0.7 billion loss
2015 $1.6 billion loss
2016 $3.6 billion loss
2017 $4 billion loss
2018 $1 billion profit as they sold their Chinese business for $7.9 billion, so in fact the company lost $6.9 billion.
2019 $8.5 billion loss
2020 $6.7 billion loss

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IDFIMH

so they are bust then!

funny kind of bust but hey...

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Of all the things ive lost, i miss my mind the most

No they are not bust as mugs have been financing them for years, hence the $76 billion float.

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IDFIMH

how do apply for that?

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Of all the things ive lost, i miss my mind the most