Uber to make its earnings debut, joining a passel of pot companies and retailers reporting quarterly results

This was expected to be a slow week for corporate earnings after a long holiday weekend. Uber Technologies Inc. UBER, +2.57% decided to shake things up, though.

Uber’s losses will be monstrous, and it won’t even be because of the IPO. While stock-based compensation can cause huge GAAP losses after an IPO, the quarter Uber will report closed on March 31, well before the company’s stock sale. So Uber earned all the losses it will report on Thursday. A host of U.S. pot companies expect to report quarterly earnings during the week, including one of the most prominent multistate operators and one that could seek to claim greater legality than its counterparts in the business.

Don’t understand how this company loses so much cash. $uber takes a large cut of revenue. The software is developed. Yes they need a team to maintain it and develop new features but the revenue can’t cover that

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Uber is a 'once in a generation company' but the stock is going nowhere, Susquehanna saysSusquehanna has a neutral rating on the stock and a price target of $42 per share. It was an opportunistic business that didn't try to solve a problem so much as it exploited a deficit. All businesses that do this will end in flames. Basic economic principles predicted this fate and I am dumbfounded why so much money was put into it. Stupid!!! Hey just like this generation!! Here's the simplest guide you'll ever read on how to buy stocks
Source: CNBC - 🏆 12. / 72 Read more »