{"id":47467,"date":"2023-10-20T15:53:48","date_gmt":"2023-10-20T15:53:48","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/the-news-wrap-leaked-documents-suggest-uber-is-a-money-loser-startupsmart\/"},"modified":"2023-10-20T15:53:48","modified_gmt":"2023-10-20T15:53:48","slug":"the-news-wrap-leaked-documents-suggest-uber-is-a-money-loser-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/the-news-wrap-leaked-documents-suggest-uber-is-a-money-loser-startupsmart\/","title":{"rendered":"THE NEWS WRAP: Leaked documents suggest Uber is a \u201cmoney loser\u201d – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

Gawker seems to have gotten its hands on Uber\u2019s financial documents, showing that despite recently becoming the most highly valued private startup in the world, it\u2019s still losing a lot of money.<\/p>\n

 <\/p>\n

While the usually secretive startup\u2019s revenue is growing steadily quarter-on-quarter, so too are the net losses. The documents show the company lost more than US$56 million in 2013 and $160 million last year.<\/p>\n

 <\/p>\n

It shouldn\u2019t come as much of a shock, and as Business Insider<\/i> reports, it\u2019s not at all uncommon for a startup that is rapidly expanding across the world, with money going towards marketing, research and development and admin services.<\/p>\n

 <\/p>\n

An Uber spokesperson\u2019s response touched on that point.<\/p>\n

 <\/p>\n

\u201cShock, horror, Uber makes a loss,\u201d they told Business Insider<\/i>.<\/p>\n

 <\/p>\n

\u201cThis is hardly news and old news at that. It\u2019s the case of business 101: you raise money, you invest money, you grow (hopefully), you make a profit and that generates a return for investors.<\/p>\n

 <\/p>\n

Facebook lets pages private message angry customers<\/b><\/h2>\n

A viral post on a page\u2019s wall from an irate customer is always very enjoyable, and now Facebook is giving pages a better option to respond to these criticisms.<\/p>\n

 <\/p>\n

As TechCrunch<\/i> reports, Facebook has launched a new feature allowing pages to privately message customers who have written on their wall or posted a comment. Previously, a page could only respond through the same channel the message was delivered.<\/p>\n

 <\/p>\n

A new \u2018very responsive to messages\u2019 badge is also on offer to pages, but the criteria seems pretty steep. It\u2019ll only go to pages that reply to 90% of messages and have an average reply time of within five minutes.<\/p>\n

 <\/p>\n

Adidas buys Runtastic for $239 million<\/b><\/h2>\n

Adidas has acquired European mobile fitness startup Runtastic for US$239 million, Venture Beat<\/i> reports.<\/i><\/p>\n

 <\/p>\n

Runtastic was founded in 2009 and has staked a claim in the mobile fitness realm, primarily with GPS fitness-tracking.<\/p>\n

 <\/p>\n

It has 70 million registered users with 140 million downloads, and CEO and co-founder Florian Gschwandtner<\/em> says the product will stay the same for the time being.<\/p>\n

 <\/p>\n

\u201cBoth companies firmly believe that together we can build a unique product portfolio and unparalleled customer journey for our existing community members and future users,\u201d he says.<\/p>\n

 <\/p>\n

Overnight<\/b><\/h2>\n

<\/b><\/p>\n

The Dow Jones Industrial Average is down 10.22, falling 0.06% overnight to 17,540.47. The Australian dollar is currently trading at US74 cents.<\/p>\n

 <\/p>\n

Raising your<\/i> first round of capital<\/i><\/a>? Starting a<\/i> crowdfunding campaign<\/i><\/a>? Want to grow your business<\/i> with Instagram?<\/i><\/a> StartupSmart School can help.<\/i><\/p>\n

<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Gawker seems to have gotten its hands on Uber\u2019s financial documents, showing that despite recently becoming the most highly valued<\/p>\n","protected":false},"author":1,"featured_media":58528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,28,17,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47467"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47467"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58528"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}