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They're still in an aggressive growth stage, they're supposed to be burning through their cash. Did anyone really think that $5 Uber pools were money makers?
by dmihal 11y ago
They're still in an aggressive growth stage, they're supposed to be burning through their cash.
Did anyone really think that $5 Uber pools were money makers?
- mrweasel 11y ago>they're supposed to be burning through their cash I don't think that they're supposed to, that's potentially dangerous thinking, depending on their business strategy. It's not an uncommon practise though.
- tertius 11y agoNo, their investors are forcing them to burn through their capital. That's what capital investment is for.
- sp332 11y agoPretty sure they told the Wall Street Journal that they weren't profitable at these prices. No leaked documents required. https://twitter.com/NeilAnAlien/status/627873374505562112 https://twitter.com/NeilAnAlien/status/627873374505562112
- omouse 11y agoThey're trying to turn into infrastructure. Of course they're supposed to be burning through cash and I'm happy to help them heh.