Uber's business model is significantly more complex than Lyft and Uber's accounting judgments for recognizing and measuring revenues had additional complexities that generated more scrutiny from the SEC.In Uber Received More Scrutiny from the SEC Than Lyft During the IPO Process
In a comment letter to the company before its IPO, the SEC told Uber to remove the divested operations adjustment becauseIn Uber Received More Scrutiny from the SEC Than Lyft During the IPO Process
We aren't aware of the conversation Mr. Novogratz is referring to, but the numbers he refers to are not new. Uber's software licensing fee currently varies by product and city and ranges from 20-30%.In A Hedge Fund Manager's Meeting With Uber's CFO Perfectly Captures What's Wrong with Corporate America