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by ryanworl 3359 days ago
Yes, and they would take a corresponding gross margin hit as the driver's payment comes from revenue rather than being accounted for before it.

I do not think this a shell game to make the revenue number larger. The way drivers are paid while driving UberX vs. Uber Pool is different, and that probably has accounting rule impact.
1 comments
iaw 3359 days ago
GAAP doesn't have to include stock based compensation as a normal expense. If you throw in the fact that Uber compensates at 50% in stock this is probably a shell game.
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wintermute2001 3358 days ago
That's not true: https://www.fool.com/investing/2017/04/14/okta-inc-ipo-what-....

If you're using GAAP, you have to include stock-based compensation as a cost. There are, however, a lot of tech companies that try and spin non-GAAP earnings by removing stock-based compensation, which can paint a very different picture (e.g., Salesforce)

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