Uber ($NYSE:UBER) is no longer a startup, which is unfortunate because it seems like the stock market is just tossing the company around like a ragdoll. Since May, when it went public, Uber's popped after the offering - and quickly fell back to reality.
A harbinger of all of this doom and gloom? We juxtaposed the Google Play Store ($NASDAQ:GOOG) average rating up against the stock price. Not that those two things are related, but as an indicator of how Uber is doing between investors and the public at large, it's telling.
Uber's employee count (according to our LinkedIn data) continues to skyrocket into the stratosphere, though. This runs the gamut from executives to drivers and everyone in-between. Since this time last year, the number has increased by 40%, and since we started tracking the data in 2015, the increase is 700%.
Finally, a new California law will require Uber to treat its drivers as employees rather than contractors. It could have a material impact on how the company operates and classifies 'staffers' - although, it's more likely that the company's dip in job postings is more attributable to its ongoing financial losses and its stock price.
From March to October, the job listings were down 40%. Uber will announce earnings after the market close on Monday, November 4; analysts tracked by Zacks Investment Research are expecting losses of EPS -$0.83.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.