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Uber Revenue Leaks

http://www.businessinsider.com/uber-revenue-projection-in-2015-2014-11

by lemma • 12 years ago

9 1 12 years ago

BU

businessinsider.com

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softdev12• 12 years ago

Wow. That's what I call hyper growth. $10 billion by 2015 with 300 percent year over year growth.

I wonder if stating the $10 billion topline number is misleading. Under GAAP, they are probably only allowed to say $2billion in revenue. It would be the equivalent of eBay stating the gross value of all its auctions as its own topline revenue, rather than the commission it takes. The same thing with a payments company (payPal, Stripe) claiming the total value of its processing payments as topline revenue.

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