> Net sales, or net revenue, is the money a company gets from doing business with its customers. Net income is profit -- what's left over after the company has accounted for all its revenue, expenses, gains, losses, taxes and other obligations.
Uber almost certainly counts the revenue. This is a standard silicon valley way of getting a higher VC valuation.
This is important because if the money is flowing through Uber's pockets then Uber has the ability to adjust the diversion of revenue into income. ( and the VCs know this )
Look at the random silicon valley startup marketplace that reports how many millions of dollars they sold. All revenue - but the income may be pitiful.
Uber almost certainly counts the revenue. This is a standard silicon valley way of getting a higher VC valuation.
It does not, as you can plainly see if you look at the nakedcapitalism link. Revenue is a separate, and much smaller, number than total passenger payments.
except that revenue != income. (http://smallbusiness.chron.com/net-sales-revenue-vs-net-inco... )
> Net sales, or net revenue, is the money a company gets from doing business with its customers. Net income is profit -- what's left over after the company has accounted for all its revenue, expenses, gains, losses, taxes and other obligations.
Uber almost certainly counts the revenue. This is a standard silicon valley way of getting a higher VC valuation.
This is important because if the money is flowing through Uber's pockets then Uber has the ability to adjust the diversion of revenue into income. ( and the VCs know this )
Look at the random silicon valley startup marketplace that reports how many millions of dollars they sold. All revenue - but the income may be pitiful.