SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Temasek lost $652MM in Uber!
Temasek lost $652MM in Uber!
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: Temasek lost $652MM in Uber!
They paid $28,348 per cab? That's about Comfort's annual revenue from each cab rented (not taking into account costs and depreciation). Its also close to the average cabbies annual earnings. The multiple seems excessive but I suppose it took into account a worst case scenario of Uber completely wiping out Comfort's business in due course. I'd be surprised though, if there wasn't an indemnity clause to protect Comfort DelGro.
Re: Temasek lost $652MM in Uber!
I'd be surprised if there WAS one. Temasek have done some stupid things before. One of my SC colleagues at work mentioned the gahmen seems to have gone on a cash raising drive - and he linked it to the gahmen having some losses they are trying to recover from.... maybe this is one of them.GSM8 wrote:They paid $28,348 per cab? That's about Comfort's annual revenue from each cab rented (not taking into account costs and depreciation). Its also close to the average cabbies annual earnings. The multiple seems excessive but I suppose it took into account a worst case scenario of Uber completely wiping out Comfort's business in due course. I'd be surprised though, if there wasn't an indemnity clause to protect Comfort DelGro.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
- sundaymorningstaple
- Moderator
- Posts: 39768
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
Re: Temasek lost $652MM in Uber!
Temasek didn't lose anything. They never invested in Uber. Anyway, you are taking your information from a known fake news site. They are invested in Grab and Comfort-Delgro thought.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
-
- Newbie
- Posts: 17
- Joined: Mon, 30 Jul 2018 2:43 pm
Re: Temasek lost $652MM in Uber!
The website is correct. The Temasek investment into Uber was made by ComfortDelgro. At one point they merged. When ComfortDelgro was struggling from lack of business.
Later, Grab bought over the local Uber.
I think biggest winner might be Uber that made money from the sale.
Later, Grab bought over the local Uber.
I think biggest winner might be Uber that made money from the sale.
Re: Temasek lost $652MM in Uber!
Just one of our esteemed PM's wife's great investment decisions.... not.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Lost job in Singapore with Credit Card debt
by expatnumber83 » Tue, 21 Aug 2018 11:20 am » in Relocating, Moving to Singapore - 10 Replies
- 9237 Views
-
Last post by brian_singapore
Tue, 28 Aug 2018 4:11 pm
-
-
-
SG citizenship obtained through minor lost after 21 without oath?
by percu » Sat, 22 Sep 2018 9:04 pm » in Strictly Speaking - 1 Replies
- 1989 Views
-
Last post by PNGMK
Sun, 23 Sep 2018 6:37 pm
-
-
- 1 Replies
- 1831 Views
-
Last post by Laughingmoo
Sun, 27 Jan 2019 12:48 pm
-
-
Lost passport - Can I enter and exit on my other one?
by brian_singapore » Thu, 18 Apr 2019 1:53 pm » in Staying, Living in Singapore - 2 Replies
- 7598 Views
-
Last post by brian_singapore
Thu, 18 Apr 2019 3:45 pm
-
-
-
Income support for SC/PR who have lost their job is available
by PNGMK » Fri, 15 May 2020 12:34 pm » in General Discussions - 2 Replies
- 1107 Views
-
Last post by PNGMK
Sun, 17 May 2020 4:40 pm
-
Who is online
Users browsing this forum: No registered users and 1 guest