@lenshermanCBS @sergioaved hey Len you look 👀 statement financial uber 10-K and 10-Q about insurance , Wouldn't this be part of their biggest profits? 🧵 THREAD: UBER’S $10.5 BILLION SECRET — The Insurance Bombshell They Hide From Drivers 🚨💣 ⸻ 1/ Uber says it’s finally profitable in 2025. But the truth is… 💥 They’re sitting on a ticking insurance time bomb worth $10.47 BILLION — paid from YOUR hustle. Let me show you the evidence 👇 ⸻ 2/ 📅 In just 1 quarter (Q1 2025): Uber’s “insurance reserves” jumped by $3.5 billion. •Q4 2024: $6.98B •Q1 2025: $10.47B 🔥 That’s a 50% increase in 90 days. ⸻ 3/ What are insurance reserves? It’s money Uber sets aside for: •Accidents •Legal claims •Self-insurance payouts But here’s the catch… This money comes directly from trip revenue — before it reaches you. ⸻ 4/ While drivers work 10–12 hour days, Uber quietly builds billion-dollar reserves… …and calls it “smart business.” But it’s really corporate siphoning. They’re not paying you less for no reason. They’re hiding massive liabilities. ⸻ 5/ And guess what? 📉 Uber doesn’t show drivers: •The cost of insurance per trip •How much they withhold •What % goes to YOU vs. them You’re driving blind. ⸻ 6/ You think Uber’s making a clean profit? Subtract that $10.47 BILLION reserve… and the profit vanishes. 🧨 Uber is profitable on paper by: •Cutting driver pay •Hiding insurance costs •Exploiting algorithm control ⸻ 7/ Meanwhile… 🛞 You pay for tire wear ⛽️ You pay for gas 🚗 You carry the liability 🧾 You get the scraps Uber risks nothing. You risk everything. ⸻ 8/ Let’s break the illusion. 💣 Uber’s profit = your sacrifice 💣 Their gain = your silence 💣 Their reserves = your cut This is the real reason you earn less — not “market rates”, not “rider demand” — it’s the invisible insurance tax. ⸻ 9/ If this thread blew your mind, share it with every driver, every passenger, and every investor. Because this game has been rigged since day 1. And now we’ve got the receipts. 🧾🔥 #UberTruth #DriverJustice #RideShareScam #InsuranceGate #DuroDeMatarModeActivated

Cada nuevo titular que refiere al ‘InsuranceGate’ aleja a Alberto unos kilómetros más del tan ansiado asilo azteca. Acaso en cuestión de días, leeremos que Fernández acusa ‘graves problemas de salud’. Estrategia judicial a la vista.

How are you the largest youth football conference in So Cal in the 2022 season and not have insurance for the kids. Tried to go the cheap route and purchase business insurance then get a cancellation notice and never tell anyone or purchase tackle insurance #insurancegate

They are rattled by your excellent coverage of #InsuranceGate. Pointless, but what else do they have? Certainly not the truth.

Desantis destroy his career, committed felonies when he bribed a lobbyist, now the INSURANCEGATE scandal is exploding! Yet again, Laura Loomer was right about everything! @LauraLoomer

आप जानते देश में बड़ा घोटाला चल रहा है|केवल स्टेट बैंक में ₹21,327.12करोड़ का घोटाला सामने आ रहा है|सभी बैंकों मिलाके तो खरबों रुपए का घोटाला सामने आयेगा #बीमा_घोटाला #InsuranceScam प्रधान मंत्री जीवन ज्योति बीमा योजना #InsuranceGate #banking #banks #ScamAlert #viralpost #PMJJBY

2021-2022 सालाना रिपोर्ट के अनुसार सिर्फ @TheOfficialSBI के पास 46.77 करोड़ खाते थे। अगर हर खाते में सालाना ₹456 ( ₹228 (छटे महीने पे) x2 ) लगाए जाए तो। 46.77 करोड़ x 456 = ₹ 21327,1200000 का सालाना घोटाला तो सिर्फ स्टेट बैंक में हो सकता है‼️ #InsuranceGate #InsuranceScam bank.sbi/corporate/AR2122/

@MartinSLewis please get involved in the biggest #insurance scam! #SmallBusinesses still fighting following @USSupremeCourt case for #businessinterruption while #insurers wine, dine & even reward @TheFCA at lavish awards! conflict of interest #insurancegate @MelJStride @itvnews

@scullyp @RishiSunak @MelJStride @TheFCA nominated for award by #insurers for #COVID19 response? Whilst #businesses drown in debt! Due to @BritishInsurers not paying #businessintereuption #insurancegate CONFLICT OF INTEREST! @BBCBreaking @SkyNews @GBNEWS @piersmorgan @Peston #uk

Obama is as corrupt as Trudeau! Those of us that follow US politics know that the FBI and CIA were accountable to him for the FISA abuse, #Spygate and #InsuranceGate. So, Obama's endorsement should mean nothing to a Canadian that is "woke" and understands the Deep State. #elxn43

First we had #InsuranceGate! Then we got #DualCitizenGate! We moved on to #FishGate! Then came #ThanksgivingPictureGate! And now #TripGate! And this guy expects to beat scandal-free Trudeau?!?!?!

#FishGate is bigger than both #InsuranceGate & #DualCitizenGate.

Gutted for my Dublin friends. I know they put in a lot of hard work this year and had to deal with absurd shit like #InsuranceGate. Loved how Vegan Fox and AK stepped up today though and the future is still very bright beyond this tournament.

I've been toying with the notion that #ScheerKamikaze may soon be a thing. Could #InsuranceGate and now #ScheerAmerican be the starting gun for the race to replace? courtesy of the #CPC_HQ themselves?

@elonmusk @Tesla any chance of a ‘not performance’ model 3 in Australia. Insurance jumps from 1200 to 2400 just for a 2.2 second advantage. Quotes ranged from 2300 to 6800 for the same cover between companies. Maybe just call it the shiny wheel version. #model3 #insurancegate

a change from your regularly scheduled #.insurancegate content: i now have ten toes but only nine toenails. forever and ever amen.

#INSURANCEGATE FINALE: after the third trip to walgreens in three days, i have enough birth control to get me through the summer!

one more refill request has been sent, stay tuned for my (hopefully) final trip to the pharmacy #insurancegate

my parents are coming to visit me in july and could theoretically bring my refill to me then, but at this point i’ve spent so much time on it that i WILL get my baby-stoppin pills #insurancegate

bout to have a 3 way call with my pharmacy and my insurance and by god i will be leaving town on saturday with my august birth control #insurancegate