Uber Technologies Inc (UBER)

[guchu]

uber has given driver who made 10000 or more trips one thousand dollars before ipo of the stock. driver who made trips 20000 or more in their lifetime in uber system got 10,000 dollars as ipo reward program to the drivers. there are more than hundred thousand of drivers who made 20000 trips since uber started their uberx or uberxl or other uber product. All these are rewarded with 10,000 doallrs a piece. these are one time reward. these factor contributed massive loss for these quarter. going forward you wont see that anymore of these kind of loss. i also drive uber part time. following you will have a glimps of uber income:



this is what uber receives from a trip. rider pays 29.95 and i as a driver get 18.62. uber takes rest of the money. uber do not give me car, it is my car, my insuracnce and my gas. this is how uber revenue comes from. great revenue sources.