Uber's financials, Qualtric's $8B exit, and what's going on at WeWork
Podcast |
Equity
Publisher |
TechCrunch
Media Type |
audio
Publication Date |
Nov 16, 2018
Episode Duration |
00:27:10

This week, Uber was first in line due to the scale of its results. The firm disclosed its third-quarter results including slowing growth (in percentage terms), steep losses on a GAAP basis (GAAP means that all costs were counted) and adjusted losses that fell in the period.

Next up was the big deal of the week, effectively. The Qualtrics exit to SAP for $8 billion in cash, a portion of which it borrowed, as we point out. The deal meant that the company didn't actually go public (boo), but it still made a hell of a splash all the same.

Finally, we riffed on the latest WeWork numbers which include a $3 billion warrant, and a massive third-quarter loss. WeWork lost more money in the quarter than it generated in revenue. That is, as they say, not great.

Many companies lose money while growing and work out great! But for every Facebook, there are a few Snaps, and I can't tell which side of the coin WeWork lands.

Oh, and this Instacart story happened. What's up with that?

Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all the casts.

This week, Uber was first in line due to the scale of its results. The firm disclosed its third-quarter results including slowing growth (in percentage terms), steep losses on a GAAP basis (GAAP means that all costs were counted) and adjusted losses that fell in the period. Next up was the big deal of the week, effectively. The Qualtrics exit to SAP for $8 billion in cash, a portion of which it borrowed, as we point out. The deal meant that the company didn't actually go public (boo), but it still made a hell of a splash all the same.

This week, Uber was first in line due to the scale of its results. The firm disclosed its third-quarter results including slowing growth (in percentage terms), steep losses on a GAAP basis (GAAP means that all costs were counted) and adjusted losses that fell in the period.

Next up was the big deal of the week, effectively. The Qualtrics exit to SAP for $8 billion in cash, a portion of which it borrowed, as we point out. The deal meant that the company didn't actually go public (boo), but it still made a hell of a splash all the same.

Finally, we riffed on the latest WeWork numbers which include a $3 billion warrant, and a massive third-quarter loss. WeWork lost more money in the quarter than it generated in revenue. That is, as they say, not great.

Many companies lose money while growing and work out great! But for every Facebook, there are a few Snaps, and I can't tell which side of the coin WeWork lands.

Oh, and this Instacart story happened. What's up with that?

Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all the casts.

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