That makes sense. I see based on p. 28 - 29 it looks like they spent about ~500m in this quarter on stock based compensation. So I guess the argument would be if they have more salary type employees and they blew off some of their new money losing divisions they would be closer to break even.
I think you can argue that in the long run Uber doesn't need to be more high tech than FedEx or WalMart. They are an app powered by logistics. You maybe don't need to offer Silicon Valley incentives to do that in the long run.
I think you can argue that in the long run Uber doesn't need to be more high tech than FedEx or WalMart. They are an app powered by logistics. You maybe don't need to offer Silicon Valley incentives to do that in the long run.